Red Robin Gourmet Burgers has received a consensus rating of Hold.

Revenue for the quarter comes in 47.7% lower than the $307.98 million reported in the same period of the year prior. Red Robin Gourmet Burgers' stock is owned by a variety of retail and institutional investors.

Looking for new stock ideas? 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 company's revenue for the quarter was down 47.7% compared to the same quarter last year. See what's happening in the market right now with MarketBeat's real-time news feed.

Meanwhile, Red Robin missed estimates in each of the trailing four quarters, with an average negative surprise of 89.6%.

On average, they expect Red Robin Gourmet Burgers' share price to reach $20.33 in the next twelve months. “We are accelerating the transformation of our business through exceptional hospitality and uncompromising health and safety standards, despite the challenges created by the recent surge in COVID-19 cases and localized, renewed mandates to re-close dining rooms. The activist investor, which once wanted to buy the chain at $40 per share, has taken a steep loss on the stock, says RB’s The Bottom Line. Earnings for Red Robin Gourmet Burgers are expected to grow in the coming year, from ($11.28) to ($1.73) per share. The filing came hours before the company filed a prospectus for a shelf offering of up to $75 million in various financial products, including common and preferred stock. Red Robin Gourmet Burgers has received 595 “outperform” votes.

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) announced its earnings results on Tuesday, August, 11th. Here’s what else is worth mentioning from the most recent Red Robin earnings report. The official website for Red Robin Gourmet Burgers is www.redrobin.com. Red Robin Gourmet Burgers does not currently pay a dividend. Get daily stock ideas top-performing Wall Street analysts. 1125 N. Charles St, Baltimore, MD 21201. Sign up to receive texts from Restaurant Business on news and insights that matter to your brand. RRGB stock was down 3.3% after-hours Tuesday but closed out normal trading hours up 9.2%.

Red Robin's stock has tumbled 52% over the past 12 months, while the S&P 500 SPX, +1.05% has gained 3.8%. Only 2.22% of the stock of Red Robin Gourmet Burgers is held by insiders. (Add your “outperform” vote. Red Robin Gourmet Burgers had a negative net margin of 22.56% and a negative return on equity of 52.03%. Get short term trading ideas from the MarketBeat Idea Engine. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Last week, Red Robin said it successfully raised $30 million in an “at-the-market” equity offering, or ATM program. All rights reserved.

Sign-up to receive the latest news and ratings for RRGB and its competitors with MarketBeat's FREE daily newsletter. The company isn’t ready to reintroduce its guidance at this time. And B.Good founder Anthony Ackil was appointed to the board.

Like many casual dining chains, Red Robin’s business has plunged during the pandemic, and the company has been working to survive during these few months. Red Robin Gourmet Burgers has only been the subject of 2 research reports in the past 90 days. Red Robin Gourmet Burgers' management team includes the following people: Start Your Risk-Free Trial Subscription Here, Tesla (NASDAQ: TSLA) Is Setting Up For A Major Breakout, IBM (NYSE:IBM) Stock a Buy: Changing Strategy to Focus on Cloud Business, Buy International Paper (NYSE:IP) 4.75% Yield, But Wait For A Pullback, The Semiconductor Sector Is On Break-Out Alert, Jabil Circuit (NYSE: JBL) Stock is a Backdoor Recovery Play, Expect More Turbulence Ahead for Delta Air Lines Stock, 5 Reasons Why Winnebago (NYSE: WGO) Will Be 2021 Winner, 7 Stocks That May Provide the Real Solution to The Coronavirus Puzzle, 7 Stocks That Could Provide a Year-End Rally, 8 Stocks That Robinhood Investors Got Right, 7 Stocks That Will Help You Forget About the Fed, 7 Stocks That Don’t Care Who Wins the Election, 7 Semiconductor Stocks to Power Your Portfolio, 7 Gold Stocks to Buy Before the Fed Changes Its Mind, 8 Consumer Staples Stocks That Offer Good Value, Receive Analysts' Upgrades and Downgrades Daily. Article printed from InvestorPlace Media, https://investorplace.com/2020/08/red-robin-earnings-hit-rrgb-stock/. Operating loss of $50.58 million is 293.6% wider year-over-year from $12.85 million. Red Robin (NASDAQ: RRGB) earnings for the burger chain’s second quarter of 2020 have RRGB stock on the move after markets closed on Tuesday. Red Robin Gourmet Burgers' mailing address is 6312 S. Fiddlers Green Circle Suite 200N, Greenwood Village CO, 80111. Learn more. Among publicly traded companies, Red Robin has some of the biggest uncertainties, given its challenges going into the pandemic. That comes after reporting adjusted losses per share of $3.31 on revenue of $161.12 million.

Export data to Excel for your own analysis. Since then, RRGB stock has increased by 24.7% and is now trading at $14.18. Top institutional shareholders include State of Alaska Department of Revenue (0.09%).

That’s a massive decrease compared to the company’s net income of $981,000 from the same time last year. © 2020 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Learn more. All rights reserved. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.

The P/E ratio of Red Robin Gourmet Burgers is -0.77, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Shares of RRGB can be purchased through any online brokerage account. 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.

RRGB stock was purchased by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue.

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