Zacks Research Has Negative Outlook for RRGB Q1 Earnings

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) – Equities researchers at Zacks Research cut their Q1 2027 earnings estimates for shares of Red Robin Gourmet Burgers in a research note issued to investors on Wednesday, September 2nd. Zacks Research analyst Team now anticipates that the restaurant operator will post earnings of $0.29 per share for the quarter, down from their previous estimate 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 announced its quarterly earnings data on Wednesday, August 12th. The restaurant operator reported $0.12 EPS for the quarter. The company had revenue of $277.64 million during the quarter, compared to analyst estimates of $268.56 million.

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

Red Robin Gourmet Burgers Stock Performance

RRGB opened at $8.46 on Thursday. The company has a market cap of $159.93 million, a price-to-earnings ratio of -5.01 and a beta of 2.43. Red Robin Gourmet Burgers has a one year low of $2.45 and a one year high of $10.95. The business’s fifty day moving average is $8.08 and its two-hundred day moving average is $5.46.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of RRGB. BNP Paribas Financial Markets raised its stake in shares of Red Robin Gourmet Burgers by 503.0% during the second quarter. BNP Paribas Financial Markets now owns 5,379 shares of the restaurant operator’s stock valued at $31,000 after purchasing an additional 4,487 shares during the period. Jain Global LLC acquired a new position in Red Robin Gourmet Burgers in the fourth quarter valued at approximately $47,000. Osaic Holdings Inc. grew its holdings in shares of Red Robin Gourmet Burgers by 152.6% during the second quarter. Osaic Holdings Inc. now owns 10,055 shares of the restaurant operator’s stock valued at $58,000 after purchasing an additional 6,075 shares during the last quarter. MB Generational Wealth LLC bought a new stake in Red Robin Gourmet Burgers in the first quarter valued at $59,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Red Robin Gourmet Burgers in the 1st quarter valued at about $61,000. 84.04% of the stock is owned by institutional investors and hedge funds.

Red Robin Gourmet Burgers Company Profile

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.