Red Robin Q2 revenues miss analysts’ target, stock slips

The sensitivity of the Company’s earnings per share to a 1% change in guest counts for fiscal year 2015 is estimated to be $0.33 on an annualized basis. The 52-week low of the share price is at $47.45. This is up roughly 14% from its reported revenue of $256 million in Q2 2014. (NASDAQ:RRGB) which led to swings in the share price.

Shares of Red Robin Gourmet Burgers, Inc.

Red Robin Gourmet Burgers (NASDAQ:RRGB) opened at 80.15 on Wednesday.

On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Red Robin Gourmet Burgers Inc, Kaufman Glenn B. had sold 2,000 shares worth of $177,800 in a transaction dated June 15, 2015. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. Finally, Wunderlich reissued a “buy” rating and issued a $100.00 target price on shares of Red Robin Gourmet Burgers in a report on Tuesday. (NASDAQ:RRGB) dropped slightly amid mild profit booking and the last known price was $77.24 per share. The 50-day moving average is $88.94 and the 200 day moving average is recorded at $83.53. After the session commenced at $89.58, the stock reached the higher end at $90.533 while it hit a low of $86.34. The stock has a market cap of $1.13 billion and a price-to-earnings ratio of 31.04. During last 3 month period, 0.12% of total institutional ownership has changed in the company shares.

Red Robin Gourmet Burgers Inc. said its earnings rose 18% during the quarter ended in July, though revenue didn’t grow as much as Wall Street had expected.

With more reasonable valuation metrics than peers, and big turnaround and growth plans underway, Red Robin is a good long-term stock. The 52-week low of the share price is $47.45. It also matched what analysts were expecting from the burger chain.

The full-sized Red Robin stores are traditionally located in suburban areas, and since these restaurants are usually over 5,000 square feet, they’re tough to stuff into some urban markets. The Company’s menu features its signature product, the gourmet burger, which it makes from ground beef; and other sandwiches made from chicken breasts, fish filets, turkey patties, as well as vegetarian and vegan burger sandwich options.

As of July 12, Red Robin had 412 company-owned restaurants, 99 franchised Red Robin restaurants and 10 of the fast-casual Red Robin Burger Works locations.