Red Robin Gourmet Burgers Reports Restaurant Revenue Up 16% for the Fiscal First Quarter Ended April 19, 2015
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Jefferies Raises Price Target on Red Robin Gourmet Burgers (RRGB) Following Q1
May 20, 2015 7:53 AM EDTJefferies reiterates a Buy rating on Red Robin Gourmet Burgers (NASDAQ: RRGB), and raised the price target to $97.00 (from $94.00) following Q1 report. RRGB beat EPS consensus by 22c with $1.10.
Jefferies analyst Alexander Slagle commented ton RRGB, saying, "EPS $1.10 +34% beat cons $0.88 on easing... More
Red Robin Gourmet Burgers (RRGB) Tops Q1 EPS by 22c
May 19, 2015 8:49 AM EDTRed Robin Gourmet Burgers (NASDAQ: RRGB) reported Q1 EPS of $1.10, $0.22 better than the analyst estimate of $0.88. Revenue for the quarter came in at $394.9 million versus the consensus estimate of $395.47 million.
Comparable restaurant revenue increased 3.1% over the same period a year ago.
Outlook for 2015
Red Robins 2015 fiscal year consists of 52 weeks and will end on December 27, 2015.
In fiscal year 2015, the Company expects total... More
