Zacks Research Issues Pessimistic Forecast for RRGB Earnings

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) – Investment analysts at Zacks Research lowered their Q1 2027 EPS estimates for shares of Red Robin Gourmet Burgers in a research note issued on Wednesday, September 2nd. Zacks Research analyst Team now expects that the restaurant operator will earn $0.29 per share for the quarter, down from their previous forecast of $0.31. The consensus estimate for Red Robin Gourmet Burgers’ current full-year earnings is ($0.50) per share. Zacks Research also issued estimates for Red Robin Gourmet Burgers’ Q2 2027 earnings at $0.26 EPS, Q1 2028 earnings at $0.26 EPS and Q2 2028 earnings at $0.25 EPS.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last issued its quarterly earnings data on Wednesday, August 12th. The restaurant operator reported $0.12 earnings per share for the quarter. The business had revenue of $277.64 million during the quarter, compared to analysts’ expectations of $268.56 million.

Several other research analysts have also commented on RRGB. UBS Group set a $8.00 price target on Red Robin Gourmet Burgers in a research report on Wednesday, June 3rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Red Robin Gourmet Burgers in a research report on Friday, July 17th. Wall Street Zen upgraded Red Robin Gourmet Burgers from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Benchmark raised their price objective on shares of Red Robin Gourmet Burgers from $8.00 to $10.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $8.33.

Red Robin Gourmet Burgers Stock Performance

Shares of RRGB opened at $8.46 on Thursday. The company’s 50-day moving average price is $8.08 and its 200 day moving average price is $5.46. Red Robin Gourmet Burgers has a 12-month low of $2.45 and a 12-month high of $10.95. The firm has a market cap of $159.93 million, a P/E ratio of -5.01 and a beta of 2.43.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of RRGB. JCP Investment Management LLC lifted its position in Red Robin Gourmet Burgers by 0.6% in the fourth quarter. JCP Investment Management LLC now owns 1,871,235 shares of the restaurant operator’s stock valued at $7,579,000 after acquiring an additional 10,567 shares during the last quarter. Pacific Ridge Capital Partners LLC grew its stake in Red Robin Gourmet Burgers by 8.8% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 1,388,465 shares of the restaurant operator’s stock worth $5,623,000 after buying an additional 112,526 shares during the last quarter. Vanguard Group Inc. increased its position in Red Robin Gourmet Burgers by 1.4% during the third quarter. Vanguard Group Inc. now owns 752,809 shares of the restaurant operator’s stock worth $5,164,000 after buying an additional 10,735 shares during the period. Mink Brook Asset Management LLC lifted its stake in Red Robin Gourmet Burgers by 15.4% in the fourth quarter. Mink Brook Asset Management LLC now owns 530,345 shares of the restaurant operator’s stock valued at $2,148,000 after buying an additional 70,893 shares during the last quarter. Finally, Simcoe Capital LLC purchased a new position in shares of Red Robin Gourmet Burgers during the fourth quarter worth approximately $1,989,000. 84.04% of the stock is owned by hedge funds and other institutional investors.

About Red Robin Gourmet Burgers

Red Robin Gourmet Burgers, Inc, trading on NASDAQ under the ticker RRGB, is a leading casual dining restaurant company headquartered in Greenwood Village, Colorado. The company specializes in offering a diverse menu centered on gourmet burgers, bottomless steak fries, salads, sandwiches and a selection of alcoholic beverages. Red Robin operates restaurants under its flagship Red Robin® brand, serving guests through both dine-in and off-premises channels, including delivery and carry-out. The company also leverages technology and loyalty programs to enhance the guest experience and drive repeat visits.

Founded in 1969 in Seattle, Washington, Red Robin began as a small tavern before evolving into a family-friendly restaurant concept focused on premium burgers.