Red Robin Gourmet Burgers (NASDAQ:RRGB) Releases Quarterly Earnings Results, Misses Expectations By $0.08 EPS

Red Robin Gourmet Burgers (NASDAQ:RRGB) posted its quarterly earnings data on Tuesday. The restaurant operator reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.08), FiscalAI reports. The firm had revenue of $378.26 million during the quarter, compared to analyst estimates of $362.14 million.

Here are the key takeaways from Red Robin Gourmet Burgers’ conference call:

• Red Robin said Q1 showed continued business improvement, with its strongest traffic since Q1 2023 and its highest first-quarter restaurant operating margin since 2021.
• Comparable sales declined 0.6% in the quarter, as a 1.0% increase in average check was offset by a 1.6% traffic decline, though traffic improved sequentially versus Q4.
• The company’s Big YUMMM value platform is resonating with guests, mixing at about 13% to 14% of sales and helping drive incremental traffic without relying heavily on discounting.
• Restaurant-level operating margin improved 50 basis points to 14.8%, supported by labor efficiencies, with labor as a percentage of sales at a three-year first-quarter low.
• Management maintained full-year 2026 guidance, including comparable restaurant revenue growth of 0.5% to 1.5%, restaurant-level operating profit margin of about 13%, and Adjusted EBITDA of $70 million to $73 million.

Red Robin Gourmet Burgers Price Performance

Shares of RRGB stock opened at $3.85 on Wednesday. Red Robin Gourmet Burgers has a 1-year low of $2.45 and a 1-year high of $7.89. The stock’s fifty day moving average price is $3.50 and its 200 day moving average price is $3.89. The company has a market cap of $69.84 million, a price-to-earnings ratio of -2.94 and a beta of 2.36.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Benchmark lowered their price objective on Red Robin Gourmet Burgers from $12.00 to $8.00 and set a “buy” rating for the company in a research note on Monday, April 20th. Weiss Ratings restated a “sell (d-)” rating on shares of Red Robin Gourmet Burgers in a report on Tuesday, April 21st. Finally, Wall Street Zen downgraded Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a report on Saturday. Two 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’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $7.50.

Institutional Trading of Red Robin Gourmet Burgers

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its position in Red Robin Gourmet Burgers by 1.5% during the 2nd quarter. Bank of America Corp DE now owns 182,565 shares of the restaurant operator’s stock worth $1,057,000 after acquiring an additional 2,697 shares during the period. BNP Paribas Financial Markets lifted its position in Red Robin Gourmet Burgers by 503.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 5,379 shares of the restaurant operator’s stock worth $31,000 after acquiring an additional 4,487 shares during the period. Dimensional Fund Advisors LP lifted its position in Red Robin Gourmet Burgers by 27.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 21,086 shares of the restaurant operator’s stock worth $86,000 after acquiring an additional 4,563 shares during the period. Renaissance Technologies LLC lifted its position in Red Robin Gourmet Burgers by 3.6% during the 4th quarter. Renaissance Technologies LLC now owns 172,666 shares of the restaurant operator’s stock worth $699,000 after acquiring an additional 5,923 shares during the period. Finally, Osaic Holdings Inc. lifted its position in Red Robin Gourmet Burgers by 152.6% during the 2nd quarter. Osaic Holdings Inc. now owns 10,055 shares of the restaurant operator’s stock worth $58,000 after acquiring an additional 6,075 shares during the period. Institutional investors and hedge funds own 84.04% of the company’s stock.

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.