Zacks Research Has Negative Outlook of RRGB Q2 Earnings

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) – Investment analysts at Zacks Research decreased their Q2 2027 EPS estimates for Red Robin Gourmet Burgers in a research note issued to investors on Tuesday, June 9th. Zacks Research analyst Team now forecasts that the restaurant operator will earn $0.31 per share for the quarter, down from their prior estimate of $0.34. The consensus estimate for Red Robin Gourmet Burgers’ current full-year earnings is ($0.43) per share. Zacks Research also issued estimates for Red Robin Gourmet Burgers’ Q1 2028 earnings at $0.28 EPS.

Other equities research analysts have also recently issued reports about the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Red Robin Gourmet Burgers in a report on Tuesday, April 21st. UBS Group set a $8.00 price objective on shares of Red Robin Gourmet Burgers in a report on Wednesday, June 3rd. Wall Street Zen cut shares of Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Finally, Benchmark reissued a “buy” rating on shares of Red Robin Gourmet Burgers in a research report on Wednesday, June 3rd. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $7.67.

Red Robin Gourmet Burgers Trading Up 3.9%

Shares of NASDAQ:RRGB opened at $4.55 on Wednesday. The stock has a market capitalization of $84.18 million, a PE ratio of -3.03 and a beta of 2.48. Red Robin Gourmet Burgers has a 1 year low of $2.45 and a 1 year high of $7.89. The firm has a fifty day moving average price of $3.90 and a 200 day moving average price of $3.90.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last issued its quarterly earnings data on Tuesday, May 19th. The restaurant operator reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.08). The company had revenue of $378.26 million for the quarter, compared to analysts’ expectations of $273.29 million.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. 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 last quarter. Jain Global LLC acquired a new position in Red Robin Gourmet Burgers during the 4th quarter worth $47,000. 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 last quarter. MB Generational Wealth LLC acquired a new position in Red Robin Gourmet Burgers during the 1st quarter worth $59,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Red Robin Gourmet Burgers during the first quarter valued at about $61,000. 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.