Zacks Research Has Optimistic Outlook of RRGB Q3 Earnings

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) – Analysts at Zacks Research upped their Q3 2026 earnings estimates for Red Robin Gourmet Burgers in a report issued on Tuesday, March 17th. Zacks Research analyst Team now forecasts that the restaurant operator will post earnings per share of ($0.73) for the quarter, up from their prior estimate of ($0.75). The consensus estimate for Red Robin Gourmet Burgers’ current full-year earnings is ($2.94) per share. Zacks Research also issued estimates for Red Robin Gourmet Burgers’ Q4 2026 earnings at ($0.20) EPS, FY2026 earnings at ($0.43) EPS, Q3 2027 earnings at ($0.50) EPS, Q4 2027 earnings at ($0.16) EPS and FY2027 earnings at ($0.01) EPS.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last released its earnings results on Wednesday, February 25th. The restaurant operator reported ($0.41) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.13). The business had revenue of $269.04 million for the quarter, compared to analysts’ expectations of $264.26 million.

Several other equities analysts have also weighed in on RRGB. Weiss Ratings reissued a “sell (d-)” rating on shares of Red Robin Gourmet Burgers in a report on Thursday, January 22nd. Jefferies Financial Group upgraded Red Robin Gourmet Burgers from a “hold” rating to a “buy” rating and set a $7.00 target price on the stock in a research note on Monday, December 15th. 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. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $9.50.

Red Robin Gourmet Burgers Stock Down 2.8%

Shares of RRGB stock opened at $3.16 on Friday. The firm has a market cap of $57.10 million, a P/E ratio of -2.41 and a beta of 2.23. The company has a 50 day moving average of $3.83 and a 200-day moving average of $4.79. Red Robin Gourmet Burgers has a 12-month low of $2.50 and a 12-month high of $7.89.

Hedge Funds Weigh In On Red Robin Gourmet Burgers

Hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE raised its stake in shares of 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 valued at $1,057,000 after purchasing an additional 2,697 shares during the period. AdvisorShares Investments LLC boosted its stake in Red Robin Gourmet Burgers by 10.4% in the 4th quarter. AdvisorShares Investments LLC now owns 29,146 shares of the restaurant operator’s stock worth $118,000 after purchasing an additional 2,746 shares during the period. BNP Paribas Financial Markets grew its holdings 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 valued at $31,000 after buying an additional 4,487 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings 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 valued at $86,000 after buying an additional 4,563 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Red Robin Gourmet Burgers by 3.6% during the fourth quarter. Renaissance Technologies LLC now owns 172,666 shares of the restaurant operator’s stock valued at $699,000 after buying an additional 5,923 shares during the period. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Red Robin Gourmet Burgers

Here are the key news stories impacting Red Robin Gourmet Burgers this week:

• Positive Sentiment: Small upward revisions to near-term quarters: Zacks nudged Q1 2026 to $0.21 (from $0.20) and Q3 2026 to ($0.73) (from ($0.75)), and raised FY2026 slightly to ($0.43) (from ($0.44)). These modest improvements suggest slight upside to near-term operating assumptions. Zacks estimate updates
• Neutral Sentiment: New/updated longer-range forecast: Zacks published FY2028 at ($0.39) and provided a full slate of 2026–2028 quarter-by-quarter estimates, giving investors a refreshed multi-year view but not a large directional surprise. Useful for modeling but less market-moving on its own. Zacks estimate updates
• Negative Sentiment: Downgrades to key late-period and full-year 2027 estimates: Zacks cut Q4 2027 to ($0.16) from ($0.10) and trimmed FY2027 to ($0.01) from $0.04 — a meaningful swing from slight profitability to a slight loss for the year. That reduction increases uncertainty around the company’s path back to sustained profitability. Zacks estimate updates
• Negative Sentiment: Additional small cuts to 2026/2027 quarterly estimates: Zacks trimmed Q4 2026 to ($0.20) (from ($0.18)) and lowered Q2 2026 and Q2 2027 by a penny each (to $0.28 and $0.34). These incremental cuts reinforce a cautious view on margin recovery and sales trends. Zacks estimate updates

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.