|Bid||47.60 x 1100|
|Ask||47.65 x 1100|
|Day's Range||46.75 - 47.80|
|52 Week Range||45.70 - 73.75|
|PE Ratio (TTM)||20.58|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Red Robin Gourmet Burgers Inc. shares were slammed Wednesday, after the restaurant chain posted weaker-than-expected earnings for the first quarter, leading one house to throw in the towel on its buy rating. Stifel analysts downgraded Red Robin (RRGB) to hold and lowered their stock price target to $55 from $75. “We misjudged the company’s ability to sustain positive same-restaurant sales and traffic momentum,” analysts led by Chris O’Cull wrote in a note.
The maker of elevators, jet engines and other products plans to hire 35,000 people and invest more than $15 billion in the U.S. over the next five years. The home improvement retailer raised its annual sales forecast. The burger chain's quarterly profit and sales fell far short of Wall Street estimates.
Zack's expected the burger company to post revenues of $430.6 million, but Red Robin missed that by $9 million. "We are taking steps to improve sales and traffic trends while continuing to make strides on productivity, which is critical to ensure we can deliver great service and value despite rising costs," said Denny Post, CEO of Red Robin.
Red Robin Gourmet Burgers Inc. shares fell to a six-month low, sinking 17.6% in Wednesday trading, after the burger chain reported earnings that missed expectations but analysts remain bullish. Raymond James analysts held on to their outperform rating despite the plunge, calling the reaction "overdone" for a number of reasons, including same-store sales, which fell 0.9% driven by a decrease in average check, but exceed broader industry trends. Canaccord Genuity held on to its buy rating, but also cut its price target to $65 from $75.
Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB ) reported first-quarter results Tuesday that prompted BTIG to drop its bullish stance on the stock. The Analyst BTIG's Peter Saleh downgraded Red Robin Gourmet ...
Red Robin Gourmet Burgers, Inc. (RRBG) just released its latest quarterly financial results, posting adjusted earnings of 70 cents per share and revenues of $421.5 million.
Red Robin Gourmet Burgers Inc. shares plummeted 15% in the extended session Tuesday after the company missed earnings expectations. The casual dining company's stock closed down 4.5% to $57.95 during regular trading. Adjusted earnings were 69 cents a share.
On a per-share basis, the Greenwood Village, Colorado-based company said it had profit of 34 cents. Earnings, adjusted for non-recurring costs, were 69 cents per share. The results did not meet Wall Street ...
Part of the bullish case for Red Robin is based on encouraging third-party data that confirm favorable trends remain intact, O'Cull said in the upgrade note. Data from Knapp Track shows same-restaurant-sales in the company's core Pacific Northwestern, Californian and Texan markets continue to perform at a rate that is better than the improved national average in the first quarter, O'Cull said.
Gerry Kingen founded Red Robin Gourmet Burgers and is now on a mission to do with Pecos Pit Bar-B-Que what he did with Red Robin.
Among the survey respondents, McDonald's Corporation (NYSE: MCD) and Restaurant Brands International Inc (NYSE: QSR) were named as top large-cap ideas ahead of the print. Domino's Pizza, Inc. (NYSE: DPZ) was crowned the top mid-cap idea and Wingstop Inc (NASDAQ: WING) ranked as the top small-cap pick.
Red Robin (RRGB) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Red Robin Gourmet Burgers Inc (NASDAQ:RRGB) files its latest 10-K with SEC for the fiscal year ended on December 31, 2017.