FY2027 Earnings Estimate for RRGB Issued By Zacks Research

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) – Analysts at Zacks Research issued their FY2027 earnings estimates for shares of Red Robin Gourmet Burgers in a research report issued on Wednesday, March 19th. Zacks Research analyst M. Kaushik expects that the restaurant operator will post earnings of ($0.70) per share for the year. 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, February 26th. The restaurant operator reported ($0.94) earnings per share for the quarter, missing the consensus estimate of ($0.50) by ($0.44). The company had revenue of $285.23 million for the quarter, compared to the consensus estimate of $285.20 million. During the same quarter last year, the company posted ($0.66) earnings per share.

Several other brokerages have also recently commented on RRGB. StockNews.com cut Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a report on Saturday, March 8th. CL King raised shares of Red Robin Gourmet Burgers from a “neutral” rating to a “buy” rating and set a $10.00 price objective on the stock in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.38.

Red Robin Gourmet Burgers Trading Down 4.8 %

Shares of RRGB opened at $4.12 on Friday. The company has a market capitalization of $71.96 million, a PE ratio of -1.25 and a beta of 2.70. The stock’s 50-day moving average price is $5.22 and its two-hundred day moving average price is $5.12. Red Robin Gourmet Burgers has a 12 month low of $2.97 and a 12 month high of $9.20.

Insider Buying and Selling at Red Robin Gourmet Burgers

In other Red Robin Gourmet Burgers news, CEO Gerard Johan Hart sold 11,997 shares of the firm’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $4.46, for a total value of $53,506.62. Following the completion of the sale, the chief executive officer now directly owns 586,737 shares in the company, valued at approximately $2,616,847.02. This trade represents a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders have sold 29,630 shares of company stock valued at $131,136. 3.19% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Red Robin Gourmet Burgers

Institutional investors have recently made changes to their positions in the stock. Bridgeway Capital Management LLC increased its position in Red Robin Gourmet Burgers by 3.8% in the 4th quarter. Bridgeway Capital Management LLC now owns 65,500 shares of the restaurant operator’s stock valued at $360,000 after buying an additional 2,400 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Red Robin Gourmet Burgers by 2.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 98,793 shares of the restaurant operator’s stock valued at $542,000 after acquiring an additional 2,730 shares during the period. Northern Trust Corp increased its holdings in shares of Red Robin Gourmet Burgers by 11.9% during the fourth quarter. Northern Trust Corp now owns 32,258 shares of the restaurant operator’s stock valued at $177,000 after acquiring an additional 3,427 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Red Robin Gourmet Burgers by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 198,525 shares of the restaurant operator’s stock worth $1,090,000 after purchasing an additional 4,209 shares during the period. Finally, Quantbot Technologies LP bought a new position in shares of Red Robin Gourmet Burgers in the 3rd quarter worth $34,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

Red Robin Gourmet Burgers Company Profile

Red Robin Gourmet Burgers, Inc, 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.