Red Robin: Q1 Earnings Snapshot
May 25, 2021
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GREENWOOD VILLAGE, Colo. (AP) Red Robin Gourmet Burgers Inc. (RRGB) on Tuesday reported a loss of $8.7 million in its first quarter.
The Greenwood Village, Colorado-based company said it had a loss of 56 cents per share. Losses, adjusted for one-time gains and costs, were 30 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of $1.24 per share.
The casual restaurant chain posted revenue of $326.3 million in the period.
Red Robin shares have increased 76% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $33.85, more than doubling in the last 12 months.
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The latest price target for Red Robin Gourmet Burgers (NASDAQ: RRGB) was reported byMorgan Stanley on 2021-05-26. The analyst firm set a price target for38.00 expecting RRGB to rise to within 12 months (a possible 5.97% upside). 15 analyst firms have reported ratings in the last year.
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The stock price for Red Robin Gourmet Burgers (NASDAQ: RRGB) is $35.86 last updatedFri May 28 2021 20:00:02 GMT+0000 (Coordinated Universal Time).
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Company Profile
Red Robin Gourmet Burgers Inc is a restaurant operator. The company develops, operates, and franchises casual-dining restaurants and fast-casual restaurants in North America. Its brands are Red Robin, Red Robin Gourmet Burgers, Red Robin America s Gourmet Burgers and Spirits, Red Robin Burger Works, YUMMM, Red Robin Gourmet Burgers and Brews, and Red Robin Royalty names and logos. The company s revenue consists of sales from restaurant operations, gift card breakage, franchise royalties and fees, and other miscellaneous revenue.
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