Red Robin Gourmet Burgers (NASDAQ:RRGB) Issues Quarterly Earnings Results

Red Robin Gourmet Burgers (NASDAQ:RRGB) announced its quarterly earnings results on Wednesday. The restaurant operator reported ($0.94) EPS for the quarter, missing the consensus estimate of ($0.50) by ($0.44), Zacks reports. The firm had revenue of $285.23 million during the quarter, compared to analysts’ expectations of $285.20 million. During the same quarter in the prior year, the company posted ($0.66) EPS. Red Robin Gourmet Burgers updated its FY 2025 guidance to EPS.

Red Robin Gourmet Burgers Trading Down 4.4 %

NASDAQ RRGB traded down $0.27 during trading hours on Friday, reaching $5.81. The company had a trading volume of 564,571 shares, compared to its average volume of 400,480. The stock has a market capitalization of $101.05 million, a P/E ratio of -1.77 and a beta of 2.65. Red Robin Gourmet Burgers has a 1-year low of $2.97 and a 1-year high of $9.20. The stock has a 50-day moving average of $5.50 and a 200 day moving average of $5.09.

Insider Activity at Red Robin Gourmet Burgers

In other Red Robin Gourmet Burgers news, insider Jumana Capital Investments Llc purchased 800,454 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was purchased at an average price of $5.19 per share, for a total transaction of $4,154,356.26. Following the purchase, the insider now directly owns 1,614,906 shares in the company, valued at approximately $8,381,362.14. This trade represents a 98.28 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.19% of the company’s stock.

Analysts Set New Price Targets

Separately, CL King upgraded Red Robin Gourmet Burgers from a “neutral” rating to a “buy” rating and set a $10.00 price target on the stock in a research note on Thursday. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Red Robin Gourmet Burgers currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.38.

About Red Robin Gourmet Burgers

Red Robin Gourmet Burgers, Inc, together with its subsidiaries, develops, operates, and franchises casual-dining restaurants, in North America and one Canadian province. Its restaurants primarily offer burgers and pizza, appetizers, salads, soups, other entrees, desserts, wings, milkshakes, alcoholic and non-alcoholic specialty drinks, cocktails, wine, and beers.