Revenue Update on Red Robin Gourmet Burgers(NASDAQ:RRGB)

Red Robin Gourmet Burgers(NASDAQ:RRGB) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 9, 2016. Company reported revenue of $305.55M. Analysts estimated a revenue of $313.30M. Earnings per share were $0.75. Analysts had estimated an EPS of $0.80.

In a different note, Standpoint Research said it Initiates Coverage on Red Robin Gourmet Burgers, according to a research note issued on Aug 8, 2016. The shares have been rated ‘Buy’ by the firm. On Jul 26, 2016, Jefferies said it Downgrades its rating on Red Robin Gourmet Burgers. The shares have been rated ‘Hold’ by the firm. On May 17, 2016, KeyBanc said it Downgrades its rating on Red Robin Gourmet Burgers. The shares have been rated ‘Sector Weight’ by the firm.

Red Robin Gourmet Burgers (RRGB) shares turned negative on Wednesdays trading session with the shares closing down -0.95 points or -1.84% at a volume of 2,20,193. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $51.71. The peak price level was also seen at $51.71 while the days lowest was $50.61. Finally the shares closed at $50.75. The 52-week high of the shares is $84 while the 52-week low is $45. According to the latest information available, the market cap of the company is $674 M.

Several Insider Transactions has been reported to the SEC. On Jun 24, 2016, Stuart I Oran (director) sold 1,200 shares at $52.62 per share price.Also, On Jun 21, 2016, Carin Stutz (COO) purchased 978 shares at $50.99 per share price.On May 23, 2016, Stephen E. Carley (CEO) purchased 1,050 shares at $48.04 per share price, according to the Form-4 filing with the securities and exchange commission.

Red Robin Gourmet Burgers Inc. is a casual dining restaurant chain. The Company is focused on serving a selection of gourmet burgers. Its offers gourmet burgers which it makes from ground beef as well as its line of Red’s Tavern Double Burgers and its Red Robin’s line of half-pound Angus beef burgers with various toppings. It also offers burgers made from chicken breasts fish fillets turkey patties vegetarian and vegan options. It offers a selection of buns including ciabatta gluten free sesame onion and whole grain buns and jalapeno rolls-with a variety of toppings. It offers a variety of appetizers salads soups seafood and other entrees desserts its signature alcoholic and non-alcoholic specialty beverages and a variety of national and craft beers. It offers its products under the brand names Red Robin Red Robin Gourmet Burgers Red Robin America’s Gourmet Burgers & Spirits Red Robin Burger Works YUMMM Red Robin Gourmet Burgers and Brews and Red Robin Royalty.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *