Equities Analysts Set Expectations for RRGB Q3 Earnings

Key Points

• Zacks Research raised its Q3 2026 EPS estimate for Red Robin to ($0.73) from ($0.75) and now projects FY2027 EPS of ($0.01), while the market consensus full-year estimate remains at ($2.94).
• Red Robin reported Q1 EPS of ($0.41), missing the ($0.28) consensus but beating revenue estimates ($269.0M vs. $264.3M); analysts are mixed—two Buys, one Hold, one Sell—producing a consensus Hold rating and a $9.50 price target, with the stock trading near recent lows and a market cap of about $58.7M.

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB - Free Report) - Equities researchers at Zacks Research boosted their Q3 2026 EPS estimates for shares of Red Robin Gourmet Burgers in a note issued to investors on Tuesday, March 17th. Zacks Research analyst Team now expects that the restaurant operator will post earnings of ($0.73) per share for the quarter, up from their previous forecast 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 - Get Free Report) last posted its quarterly earnings data 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 the consensus estimate of $264.26 million.

A number of other brokerages have also weighed in on RRGB. Weiss Ratings restated a "sell (d-)" rating on shares of Red Robin Gourmet Burgers in a research note on Thursday, January 22nd. Jefferies Financial Group raised 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 report on Monday, December 15th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $9.50.

Red Robin Gourmet Burgers Stock Performance

NASDAQ:RRGB opened at $3.25 on Friday. Red Robin Gourmet Burgers has a one year low of $2.50 and a one year high of $7.89. The business's 50-day simple moving average is $3.85 and its 200 day simple moving average is $4.81. The stock has a market cap of $58.73 million, a price-to-earnings ratio of -2.48 and a beta of 2.23.

Hedge Funds Weigh In On Red Robin Gourmet Burgers

Large investors have recently modified their holdings of the stock. BNP Paribas Financial Markets grew its stake in Red Robin Gourmet Burgers by 503.0% in the second quarter. BNP Paribas Financial Markets now owns 5,379 shares of the restaurant operator's stock worth $31,000 after purchasing an additional 4,487 shares in the last quarter. Jain Global LLC acquired a new stake in Red Robin Gourmet Burgers during the fourth quarter valued at approximately $47,000. Osaic Holdings Inc. lifted its holdings 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 buying an additional 6,075 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Red Robin Gourmet Burgers in the 1st quarter worth approximately $61,000. Finally, Panagora Asset Management Inc. acquired a new position in shares of Red Robin Gourmet Burgers in the 4th quarter worth approximately $65,000. Institutional investors own 84.04% of the company's stock.

About Red Robin Gourmet Burgers

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.