Red Robin Gourmet Burgers Reports Results for the Fiscal Fourth Quarter and Year Ended December 30, 2018

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Maxim Group Downgrades Red Robin Gourmet Burgers (RRGB) to Hold

February 27, 2019 8:22 AM EST

Maxim Group analyst Stephen Anderson downgraded Red Robin Gourmet Burgers (NASDAQ: RRGB) from Buy to Hold with a price target of $29.00 (from $46.00) following mixed Q4 results and lackluster guidance.

Anderson said visibility remains limited on a the turnaround store while... More

Red Robin Gourmet Burgers (RRGB) Tops Q4 EPS by 5c, Revenues Miss, Comp. Sales Down 4.5%; Offers FY19 EPS Guidance

February 26, 2019 4:23 PM EST

Red Robin Gourmet Burgers (NASDAQ: RRGB) reported Q4 EPS of $0.43, $0.05 better than the analyst estimate of $0.38. Revenue for the quarter came in at $306.8 million versus the consensus estimate of $309.22 million.

GAAP loss per diluted share was $0.82 compared to earnings per diluted share of $0.68;Adjusted earnings per diluted share were $0.43 compared to $0.78 (see Schedule I);Total revenues were $306.8 million, a decrease of 10.8%, including the negative impact of $24.3 million from having one fewer week in 2018 compared to 2017;Off-premise sales increased 23.2%, now comprising 10.6% of total food and beverage sales,... More