What is Zacks Research’s Forecast for RRGB FY2027 Earnings?

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) – Stock analysts at Zacks Research issued their FY2027 earnings estimates for Red Robin Gourmet Burgers in a research report issued to clients and investors on Wednesday, March 19th. Zacks Research analyst M. Kaushik forecasts 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 earnings results on Wednesday, February 26th. The restaurant operator reported ($0.94) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.50) by ($0.44). The business had revenue of $285.23 million for the quarter, compared to analyst estimates of $285.20 million. During the same period in the previous year, the business earned ($0.66) earnings per share.

RRGB has been the subject of a number of other reports. StockNews.com lowered shares of Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a research note on Saturday, March 8th. CL King upgraded shares of Red Robin Gourmet Burgers from a “neutral” rating to a “buy” rating and set a $10.00 price target for the company in a research note on Thursday, February 27th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Red Robin Gourmet Burgers presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.38.

Red Robin Gourmet Burgers Stock Down 4.8 %

Shares of RRGB stock opened at $4.12 on Friday. The company has a 50 day moving average price of $5.22 and a 200-day moving average price of $5.13. Red Robin Gourmet Burgers has a 52 week low of $2.97 and a 52 week high of $9.20. The firm has a market capitalization of $71.96 million, a PE ratio of -1.25 and a beta of 2.70.

Insider Activity at Red Robin Gourmet Burgers

In related news, CEO Gerard Johan Hart sold 11,997 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $4.46, for a total transaction 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. The trade was a 2.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders sold 29,630 shares of company stock worth $131,136. 3.19% of the stock is owned by company insiders.

Institutional Trading of Red Robin Gourmet Burgers

Several large investors have recently added to or reduced their stakes in the business. Point72 Asia Singapore Pte. Ltd. purchased a new position in Red Robin Gourmet Burgers during the fourth quarter valued at approximately $64,000. Millennium Management LLC lifted its holdings in Red Robin Gourmet Burgers by 22.3% during the fourth quarter. Millennium Management LLC now owns 127,974 shares of the restaurant operator’s stock valued at $703,000 after purchasing an additional 23,358 shares in the last quarter. JCP Investment Management LLC lifted its holdings in Red Robin Gourmet Burgers by 281.6% during the fourth quarter. JCP Investment Management LLC now owns 1,860,668 shares of the restaurant operator’s stock valued at $10,215,000 after purchasing an additional 1,373,077 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its holdings in Red Robin Gourmet Burgers by 112.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 394,471 shares of the restaurant operator’s stock valued at $2,166,000 after purchasing an additional 208,862 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in Red Robin Gourmet Burgers during the fourth quarter valued at approximately $181,000. 84.04% of the stock is currently owned by institutional investors.

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.