Red Robin Gourmet Burgers
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Red Robin Gourmet Burgers met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share grew significantly.
Gross margins expanded, operating margins contracted, net margins grew.
Red Robin Gourmet Burgers reported revenue of $213.3 million. The 12 analysts polled by S&P Capital IQ wanted to see sales of $212.2 million on the same basis. GAAP reported sales were 3.4% higher than the prior-year quarter's $206.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.24. The 14 earnings estimates compiled by S&P Capital IQ anticipated $0.16 per share. GAAP EPS of $0.24 for Q3 were 71% higher than the prior-year quarter's $0.14 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 21.0%, 80 basis points better than the prior-year quarter. Operating margin was 2.7%, 120 basis points worse than the prior-year quarter. Net margin was 1.7%, 70 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $232.5 million. On the bottom line, the average EPS estimate is $0.45.
Next year's average estimate for revenue is $967.7 million. The average EPS estimate is $1.86.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 245 members out of 306 rating the stock outperform, and 61 members rating it underperform. Among 103 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 88 give Red Robin Gourmet Burgers a green thumbs-up, and 15 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Red Robin Gourmet Burgers is outperform, with an average price target of $38.27.
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