Zacks Research Issues Pessimistic Outlook for RRGB Earnings

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) – Stock analysts at Zacks Research dropped their Q3 2027 earnings per share estimates for Red Robin Gourmet Burgers in a research note issued on Wednesday, October 7th. Zacks Research analyst Team now anticipates that the restaurant operator will post earnings per share of ($0.47) for the quarter, down from their previous estimate of ($0.40). Zacks Research currently has a “Strong Sell” rating on the stock. The consensus estimate for Red Robin Gourmet Burgers’ current full-year earnings is ($0.63) per share. Zacks Research also issued estimates for Red Robin Gourmet Burgers’ FY2027 earnings at ($0.07) EPS and Q3 2028 earnings at ($0.36) EPS.

A number of other research analysts have also commented on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Red Robin Gourmet Burgers in a report on Friday, July 17th. Benchmark raised their price objective on shares of Red Robin Gourmet Burgers from $8.00 to $10.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Finally, Wall Street Zen raised shares of Red Robin Gourmet Burgers from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Two investment analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Red Robin Gourmet Burgers presently has an average rating of “Hold” and a consensus target price of $8.33.

Red Robin Gourmet Burgers Stock Up 2.7%

RRGB opened at $8.44 on Friday. The firm has a market capitalization of $159.52 million, a P/E ratio of -4.99 and a beta of 2.49. The stock’s 50 day moving average price is $8.39 and its two-hundred day moving average price is $6.19. Red Robin Gourmet Burgers has a 12-month low of $2.45 and a 12-month high of $10.95.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last posted 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 for the quarter, compared to analyst estimates of $268.56 million.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of RRGB. Wellington Management Group LLP bought a new position in shares of Red Robin Gourmet Burgers during the second quarter valued at $2,778,000. BlackRock Inc. bought a new stake in shares of Red Robin Gourmet Burgers in the 2nd quarter worth about $2,382,000. Western Standard LLC acquired a new stake in shares of Red Robin Gourmet Burgers during the 2nd quarter worth about $706,000. PDT Partners LLC acquired a new stake in shares of Red Robin Gourmet Burgers during the 2nd quarter worth about $327,000. Finally, Lotus Technology Management LP acquired a new stake in shares of Red Robin Gourmet Burgers during the 2nd quarter worth about $305,000. 84.04% of the stock is currently owned by institutional investors and hedge funds.

About Red Robin Gourmet Burgers

Red Robin Gourmet Burgers, Inc (NASDAQ: RRGB) is a casual dining restaurant company known for its gourmet burgers and family-friendly dining experience. Its menu includes a variety of burgers, chicken sandwiches, salads, appetizers, entrées, desserts, milkshakes and beverages, along with its signature bottomless steak fries.

The company operates restaurants under the Red Robin name through a combination of company-owned and franchised locations. Its restaurants primarily serve customers in the United States, with a presence in Canada through franchised operations.