Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) is expected to report third quarter earnings results, after market close, on Thursday 5th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter loss of $ 1.56 per share.
Looking ahead, the full year loss are expected at $ 11.43 per share on the revenues of $ 918.41 million.
Previous Quarter Performance
Red Robin Gourmet Burgers, Inc. unveiled loss for the second quarter of $ 3.31 per share, from the revenue of $ 161.12 million. The quarterly revenues down 47.68 percent compared with the same quarter last year. Street analysts expected Red Robin Gourmet Burgers, Inc. to report loss of $ 3.30 per share on revenue of $ 166.06 million for the second quarter. The bottom line results missed street analysts by $ 0.01 or 0.3 percent, at the same time, top line results fell short of analysts by $ 4.94 million or 2.97 percent.
Stock Performance
Shares of Red Robin Gourmet Burgers, Inc. traded low $ -0.19 or -1.50 percent on Wednesday, reaching $ 12.51 with volume of 603.00 thousand shares. Red Robin Gourmet Burgers, Inc. has traded high as $ 12.63 and has cracked $ 12.01 on the downward trend
The closing price of $ 12.51, representing a 214.36 % increase from the 52 week low of $ 4.04 and a 65.94 % decrease over the 52 week high of $ 37.29.
The company has a market capital of $ 194.42 million and is part of the Consumer Cyclical sector and Restaurants industry.
Recent Analyst recommendations
- On 14th October 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 14.00 target price.
Conference Call
Red Robin Gourmet Burgers, Inc. will be hosting a conference call at 5:00 PM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.redrobin.com
Red Robin Gourmet Burgers, Inc., together with its subsidiaries, develops, operates, and franchises full-service and casual-dining restaurants in the United States and Canada. The companys restaurants primarily offer burgers; various appetizers, salads, soups, seafood, and other entrees; and desserts, milkshakes, alcoholic and non-alcoholic specialty drinks, cocktails, wine, and beers. As of December 31, 2018, it operated 484 company-owned restaurants located in 39 states and 2 Canadian provinces; and had 89 casual-dining restaurants operated by franchisees in 16 states.
