What is Zacks Research's Forecast for RRGB FY2028 Earnings?

Key Points

• Zacks Research cut its FY2028 EPS forecast for Red Robin Gourmet Burgers to $0.03 from $0.06 and maintains a “Strong Sell” rating. The current full-year consensus estimate is a loss of $0.63 per share.
• Analyst sentiment is mixed, with two Buy and two Sell ratings producing a consensus “Hold” rating and an $8.33 price target. Benchmark recently raised its target to $10 and issued a Buy rating.
• Red Robin’s latest quarter exceeded expectations, posting $0.12 EPS on $277.64 million in revenue versus the $268.56 million forecast. The stock opened at $8.22, while institutional investors own 84.04% of outstanding shares.

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB - Free Report) - Equities researchers at Zacks Research cut their FY2028 earnings per share (EPS) estimates for shares of Red Robin Gourmet Burgers in a research note issued to investors on Wednesday, October 7th. Zacks Research analyst Team now forecasts that the restaurant operator will post earnings of $0.03 per share for the year, down from their previous forecast of $0.06. Zacks Research currently 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.

A number of other analysts have also recently issued reports on the company. Wall Street Zen raised Red Robin Gourmet Burgers from a "sell" rating to a "hold" rating in a research report on Saturday, August 1st. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Red Robin Gourmet Burgers in a report on Friday, July 17th. Finally, Benchmark upped their price target on shares of 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. Two research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $8.33.

Red Robin Gourmet Burgers Trading Down 1.7%

RRGB stock opened at $8.22 on Thursday. The stock has a market cap of $155.36 million, a P/E ratio of -4.86 and a beta of 2.49. Red Robin Gourmet Burgers has a twelve month low of $2.45 and a twelve month high of $10.95. The company's 50 day moving average is $8.37 and its two-hundred day moving average is $6.15.

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

Institutional Investors Weigh In On Red Robin Gourmet Burgers

A number of hedge funds and other institutional investors have recently bought and sold shares of RRGB. Hsbc Holdings PLC purchased a new position in shares of Red Robin Gourmet Burgers in the 2nd quarter valued at about $96,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Red Robin Gourmet Burgers during the second quarter valued at $126,000. NewEdge Advisors LLC acquired a new stake in shares of Red Robin Gourmet Burgers during the 2nd quarter worth about $160,000. MB Generational Wealth LLC purchased a new stake in Red Robin Gourmet Burgers in the 1st quarter worth approximately $59,000. Finally, Dimensional Fund Advisors LP grew its holdings in Red Robin Gourmet Burgers by 66.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 35,015 shares of the restaurant operator's stock valued at $102,000 after buying an additional 13,929 shares during the period. Institutional investors and hedge funds 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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