Q3 EPS Estimate for Red Robin Gourmet Burgers Cut by Analyst

Key Points

• Zacks Research lowered Red Robin’s Q3 2027 EPS estimate to a loss of $0.47 per share from a previous estimate of $0.40, while maintaining a “Strong Sell” rating.
• Analyst sentiment is mixed: Benchmark raised its price target to $10 and issued a “Buy,” while other firms maintain negative views. The stock has an average “Hold” rating and an average target price of $8.33.
• Red Robin shares opened at $8.44, up 2.7%, and institutional investors own approximately 84.04% of the company. Its latest quarterly results exceeded expectations, with $0.12 EPS and $277.64 million in revenue.

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB - Free Report) - Investment analysts at Zacks Research decreased their Q3 2027 earnings estimates for Red Robin Gourmet Burgers in a research note issued to investors on Wednesday, October 7th. Zacks Research analyst Team now expects that the restaurant operator will post earnings per share of ($0.47) for the quarter, down from their prior estimate of ($0.40). Zacks Research has a "Strong Sell" rating on the stock. The consensus estimate for Red Robin Gourmet Burgers' current full-year earnings is ($0.63) per share. Zacks Research also issued estimates for Red Robin Gourmet Burgers' FY2027 earnings at ($0.07) EPS and Q3 2028 earnings at ($0.36) EPS.

A number of other equities analysts have also weighed in on RRGB. Benchmark increased their price target on Red Robin Gourmet Burgers from $8.00 to $10.00 and gave the company a "buy" rating in a research report on Thursday, August 13th. Wall Street Zen upgraded Red Robin Gourmet Burgers from a "sell" rating to a "hold" rating in a report on Saturday, August 1st. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Red Robin Gourmet Burgers in a research note on Friday, July 17th. Two research analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Red Robin Gourmet Burgers currently has an average rating of "Hold" and an average target price of $8.33.

Red Robin Gourmet Burgers Stock Up 2.7%

Shares of NASDAQ RRGB opened at $8.44 on Friday. The stock's fifty day simple moving average is $8.39 and its 200 day simple moving average is $6.19. The stock has a market capitalization of $159.52 million, a price-to-earnings ratio of -4.99 and a beta of 2.49. Red Robin Gourmet Burgers has a 52-week low of $2.45 and a 52-week high of $10.95.

Red Robin Gourmet Burgers (NASDAQ:RRGB - Get Free Report) last posted its quarterly earnings results on Wednesday, August 12th. The restaurant operator reported $0.12 earnings per share (EPS) for the quarter. The company had revenue of $277.64 million during the quarter, compared to the consensus estimate of $268.56 million.

Institutional Investors Weigh In On Red Robin Gourmet Burgers

Several large investors have recently made changes to their positions in the company. Hsbc Holdings PLC acquired a new stake in Red Robin Gourmet Burgers in the 2nd quarter worth approximately $96,000. Dimensional Fund Advisors LP grew its holdings in Red Robin Gourmet Burgers by 66.1% during the first quarter. Dimensional Fund Advisors LP now owns 35,015 shares of the restaurant operator's stock valued at $102,000 after purchasing an additional 13,929 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Red Robin Gourmet Burgers during the second quarter valued at approximately $126,000. NewEdge Advisors LLC bought a new position in shares of Red Robin Gourmet Burgers in the second quarter valued at approximately $160,000. Finally, MB Generational Wealth LLC bought a new position in shares of Red Robin Gourmet Burgers in the first quarter valued at approximately $59,000. Institutional investors own 84.04% of the company's stock.

Red Robin Gourmet Burgers Company Profile

Red Robin Gourmet Burgers, Inc NASDAQ: RRGB is a casual dining restaurant company known for its gourmet burgers and family-friendly dining experience. Its menu includes a variety of burgers, chicken sandwiches, salads, appetizers, entrées, desserts, milkshakes and beverages, along with its signature bottomless steak fries.

The company operates restaurants under the Red Robin name through a combination of company-owned and franchised locations. Its restaurants primarily serve customers in the United States, with a presence in Canada through franchised operations.

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