Red Robin Gourmet Burgers (NASDAQ:RRGB) Announces Earnings Results, Beats Expectations By $0.08 EPS

Red Robin Gourmet Burgers (NASDAQ:RRGB) posted its quarterly earnings data on Monday. The restaurant operator reported ($0.70) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.78) by $0.08, Zacks reports. The business had revenue of $265.13 million for the quarter, compared to analyst estimates of $256.75 million. Red Robin Gourmet Burgers updated its FY 2025 guidance to EPS.

Red Robin Gourmet Burgers Stock Up 2.2%

Shares of Red Robin Gourmet Burgers stock traded up $0.10 on Wednesday, hitting $4.50. 28,583 shares of the company’s stock traded hands, compared to its average volume of 510,274. The firm’s 50-day moving average is $6.29 and its 200 day moving average is $5.62. The stock has a market cap of $80.58 million, a P/E ratio of -1.33 and a beta of 2.55. Red Robin Gourmet Burgers has a 52-week low of $2.50 and a 52-week high of $7.89.

Insider Buying and Selling

In related news, Director Christopher Ross Martin acquired 34,649 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was bought at an average cost of $6.29 per share, with a total value of $217,942.21. Following the acquisition, the director directly owned 1,667,906 shares in the company, valued at approximately $10,491,128.74. The trade was a 2.12% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.64% of the stock is owned by company insiders.

Hedge Funds Weigh In On Red Robin Gourmet Burgers

Large investors have recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd bought a new stake in shares of Red Robin Gourmet Burgers in the 1st quarter valued at approximately $61,000. Goldman Sachs Group Inc. boosted its holdings in Red Robin Gourmet Burgers by 38.8% in the first quarter. Goldman Sachs Group Inc. now owns 84,625 shares of the restaurant operator’s stock worth $301,000 after purchasing an additional 23,638 shares during the period. Jane Street Group LLC bought a new stake in Red Robin Gourmet Burgers during the first quarter valued at $69,000. JPMorgan Chase & Co. raised its holdings in shares of Red Robin Gourmet Burgers by 5,671.8% during the second quarter. JPMorgan Chase & Co. now owns 133,041 shares of the restaurant operator’s stock worth $770,000 after purchasing an additional 130,736 shares during the period. Finally, XTX Topco Ltd boosted its holdings in shares of Red Robin Gourmet Burgers by 128.7% in the 2nd quarter. XTX Topco Ltd now owns 31,415 shares of the restaurant operator’s stock valued at $182,000 after buying an additional 17,679 shares during the period. Institutional investors own 84.04% of the company’s stock.

Analyst Ratings Changes

RRGB has been the subject of a number of recent analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Red Robin Gourmet Burgers in a research report on Wednesday, October 8th. Benchmark reiterated a “buy” rating and set a $12.00 target price on shares of Red Robin Gourmet Burgers in a report on Wednesday, July 16th. Finally, Zacks Research lowered shares of Red Robin Gourmet Burgers from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 6th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Red Robin Gourmet Burgers has a consensus rating of “Hold” and an average target price of $11.00.

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.