Zacks Research Issues Optimistic Forecast for RRGB Earnings

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) – Investment analysts at Zacks Research upped their Q1 2027 earnings per share (EPS) estimates for shares of Red Robin Gourmet Burgers in a research note issued on Thursday, September 25th. Zacks Research analyst Team now forecasts that the restaurant operator will post earnings per share of $0.30 for the quarter, up from their previous forecast of $0.22. The consensus estimate for Red Robin Gourmet Burgers’ current full-year earnings is ($2.94) per share.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last issued its quarterly earnings data on Wednesday, August 13th. The restaurant operator reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.51. The business had revenue of $283.70 million during the quarter, compared to analysts’ expectations of $279.17 million. Red Robin Gourmet Burgers has set its FY 2025 guidance at EPS.

Separately, Benchmark reissued a “buy” rating and set a $12.00 target price on shares of Red Robin Gourmet Burgers in a research report on Wednesday, July 16th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $11.00.

Red Robin Gourmet Burgers Price Performance

Shares of RRGB stock opened at $6.98 on Friday. The company has a market cap of $125.01 million, a PE ratio of -2.05 and a beta of 2.45. Red Robin Gourmet Burgers has a 1 year low of $2.50 and a 1 year high of $7.89. The stock’s 50 day simple moving average is $6.40 and its two-hundred day simple moving average is $4.99.

Insider Activity at Red Robin Gourmet Burgers

In other Red Robin Gourmet Burgers news, Director Christopher Ross Martin purchased 34,649 shares of Red Robin Gourmet Burgers stock in a transaction dated Friday, August 22nd. The shares were purchased at an average cost of $6.29 per share, for a total transaction of $217,942.21. Following the completion of the acquisition, the director owned 1,667,906 shares in the company, valued at $10,491,128.74. This represents a 2.12% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.64% of the company’s stock.

Hedge Funds Weigh In On Red Robin Gourmet Burgers

Several hedge funds have recently bought and sold shares of RRGB. BNP Paribas Financial Markets lifted its position 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 worth $31,000 after purchasing an additional 4,487 shares during the last quarter. Jump Financial LLC purchased a new position in Red Robin Gourmet Burgers in the 1st quarter worth about $37,000. XTX Topco Ltd bought a new stake in Red Robin Gourmet Burgers during the 1st quarter valued at about $49,000. Osaic Holdings Inc. boosted its position in Red Robin Gourmet Burgers by 152.6% in the 2nd quarter. Osaic Holdings Inc. now owns 10,055 shares of the restaurant operator’s stock valued at $58,000 after buying an additional 6,075 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Red Robin Gourmet Burgers in the 1st quarter valued at about $61,000. Institutional investors own 84.04% of the company’s stock.

About Red Robin Gourmet Burgers

Red Robin Gourmet Burgers, Inc, together with its subsidiaries, develops, operates, and franchises casual-dining restaurants, in North America and one Canadian province. Its restaurants primarily offer burgers and pizza, appetizers, salads, soups, other entrees, desserts, wings, milkshakes, alcoholic and non-alcoholic specialty drinks, cocktails, wine, and beers.