The activist investor, which once wanted to buy the chain at $40 per share, has taken a steep loss on the stock, says RB’s The Bottom Line. Earlier filings said that the company acquired 1.5 million shares at $45.9 million, or an average of $30.62 per share. View our full suite of financial calendars and market data tables, all for free. Food trends and recipes to keep menus fresh, New restaurants and soon-to-open concepts worth monitoring, RB’s exclusive ranking of the highest-grossing independent restaurants, Peter Romeo highlights the moments restaurateurs miss at their own peril, Ideas from the field you may want to borrow. The filing came hours before the company filed a prospectus for a shelf offering of up to $75 million in various financial products, including common and preferred stock. But it’s also worth noting that, earlier in the week, Red Robin said it wanted to raise $40 million. Red Robin Gourmet Burgers has only been the subject of 2 research reports in the past 90 days. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Do not sell my personal infoPrivacy PolicyContact UsRSS, Vintage Capital dumps much of its Red Robin stock. Red Robin Gourmet Burgers employs 24,586 workers across the globe. Striking red juvenile leaves against the mature green. You may vote once every thirty days. And, indeed, Red Robin’s stock is down 29% following Vintage’s last stock sale. Learn more. Sign-up to receive the latest news and ratings for RRGB and its competitors with MarketBeat's FREE daily newsletter. MarketBeat does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security. Here’s what else is worth mentioning from the most recent Red Robin earnings report. View which stocks are hot on social media with MarketBeat's trending stocks report. The restaurant operator can be reached via phone at 303-846-6000 or via email at [email protected]. Export data to Excel for your own analysis. These emerging chains are the growth vehicles to watch—the ones poised to be major industry players in the coming years. All rights reserved. Based on that average, we estimate that the company lost 44% on that stock sale, or about $11.6 million. The restaurant operator earns $-7,900,000.00 in net income (profit) each year or $0.62 on an earnings per share basis. The sale was notable because at one point Vintage wanted to buy the Greenwood Village, Colo.-based company at a price worth substantially more than it is now. The company's restaurants primarily offer burgers; various appetizers, salads, soups, seafood, and other entrees; and desserts, milkshakes, alcoholic and non-alcoholic specialty drinks, cocktails, wine, and beers. According to analysts' consensus price target of $20.33, Red Robin Gourmet Burgers has a forecasted upside of 43.4% from its current price of $14.18. The P/E ratio of Red Robin Gourmet Burgers is -0.77, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Article printed from InvestorPlace Media, https://investorplace.com/2020/08/red-robin-earnings-hit-rrgb-stock/. Red Robin (NASDAQ: RRGB) earnings for the burger chain’s second quarter of 2020 have RRGB stock on the move after markets closed on Tuesday. Red Robin Gourmet Burgers does not have a long track record of dividend growth. The restaurant operator had revenue of $161.12 million for the quarter, compared to analysts' expectations of $166.02 million. Casual dining chains have to answer big question marks regarding their future, how long it will take consumers to come back, and how much they’ll be willing to spend. It is down 43% since the investor’s first sale. And, indeed, Red Robin’s stock is down 29% following Vintage’s last stock sale. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Sign up to receive texts from Restaurant Business on news and insights that matter to your brand. Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. The company's revenue for the quarter was down 47.7% compared to the same quarter last year. Red Robin withdrew its outlook for 2020 back in April. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. BJ's Restaurants has an impressive long-term earnings growth rate of 15%. Of course, a lot of people are taking a bath on the stock market. View analyst ratings for Red Robin Gourmet Burgers. 93.90% of the stock of Red Robin Gourmet Burgers is held by institutions. Yet it says something that an activist investor is selling such massive amounts of shares at such a steep loss, not that long after it appeared the two sides were working together. The pandemic and the shutdown of dine-in service throughout the country changed all that, and in March the two sides came to a détente. Among publicly traded companies, Red Robin has some of the biggest uncertainties, given its challenges going into the pandemic. Red Robin Gourmet Burgers does not currently pay a dividend. 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