Zacks Research Issues Pessimistic Forecast for RRGB Earnings

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) – Equities research analysts at Zacks Research decreased their FY2024 earnings per share estimates for shares of Red Robin Gourmet Burgers in a note issued to investors on Tuesday, February 11th. Zacks Research analyst M. Kaushik now expects that the restaurant operator will post earnings of ($2.96) per share for the year, down from their previous estimate of ($2.93). The consensus estimate for Red Robin Gourmet Burgers’ current full-year earnings is ($2.93) per share. Zacks Research also issued estimates for Red Robin Gourmet Burgers’ Q4 2024 earnings at ($0.55) EPS, Q4 2025 earnings at ($0.14) EPS, FY2025 earnings at ($1.75) EPS, Q1 2026 earnings at $0.21 EPS and FY2026 earnings at ($0.60) EPS.

Red Robin Gourmet Burgers Trading Down 3.3 %

RRGB opened at $5.00 on Friday. The firm has a market cap of $86.95 million, a price-to-earnings ratio of -1.52 and a beta of 2.65. Red Robin Gourmet Burgers has a 12 month low of $2.97 and a 12 month high of $10.61. The stock has a fifty day moving average price of $5.56 and a 200-day moving average price of $5.14.

Insider Transactions at Red Robin Gourmet Burgers

In other Red Robin Gourmet Burgers news, insider Jumana Capital Investments Llc bought 800,454 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were purchased at an average cost of $5.19 per share, for a total transaction of $4,154,356.26. Following the purchase, the insider now directly owns 1,614,906 shares in the company, valued at $8,381,362.14. This represents a 98.28 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.19% of the company’s stock.

Institutional Trading of Red Robin Gourmet Burgers

Several large investors have recently added to or reduced their stakes in RRGB. Dimensional Fund Advisors LP lifted its holdings in shares of Red Robin Gourmet Burgers by 2.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 98,793 shares of the restaurant operator’s stock valued at $542,000 after buying an additional 2,730 shares during the period. Northern Trust Corp grew its position in shares of Red Robin Gourmet Burgers by 11.9% in the fourth quarter. Northern Trust Corp now owns 32,258 shares of the restaurant operator’s stock valued at $177,000 after purchasing an additional 3,427 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Red Robin Gourmet Burgers by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 198,525 shares of the restaurant operator’s stock valued at $1,090,000 after purchasing an additional 4,209 shares in the last quarter. Quantbot Technologies LP purchased a new position in Red Robin Gourmet Burgers in the third quarter worth approximately $34,000. Finally, R Squared Ltd purchased a new position in Red Robin Gourmet Burgers in the fourth quarter worth approximately $52,000. Hedge funds and other 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.