Zacks Research Has Strong Estimate for RRGB Q3 Earnings

Key Points

• Zacks Research raised its Q3 2026 EPS forecast for Red Robin Gourmet Burgers to a loss of $0.68 per share from a loss of $0.70, while forecasting a $0.63 full-year loss.
• Red Robin’s latest quarter exceeded expectations, with EPS of $0.12 and revenue of $277.64 million versus the $268.56 million consensus estimate.
• Analyst sentiment remains mixed, with two Buy ratings, one Hold and one Sell; the stock has an average rating of Hold and an average price target of $8.33.

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB - Free Report) - Zacks Research lifted their Q3 2026 earnings per share (EPS) estimates for shares of Red Robin Gourmet Burgers in a note issued to investors on Wednesday, September 2nd. Zacks Research analyst Team now anticipates that the restaurant operator will post earnings of ($0.68) per share for the quarter, up from their previous forecast of ($0.70). The consensus estimate for Red Robin Gourmet Burgers' current full-year earnings is ($0.50) per share. Zacks Research also issued estimates for Red Robin Gourmet Burgers' FY2026 earnings at ($0.63) EPS, Q3 2027 earnings at ($0.40) EPS and Q4 2027 earnings at ($0.15) EPS.

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

RRGB has been the subject of a number of other reports. Weiss Ratings restated a "sell (d-)" rating on shares of Red Robin Gourmet Burgers in a research note on Friday, July 17th. UBS Group set a $8.00 price target on shares of Red Robin Gourmet Burgers in a research report on Wednesday, June 3rd. Wall Street Zen raised shares of Red Robin Gourmet Burgers from a "sell" rating to a "hold" rating in a report on Saturday, August 1st. Finally, Benchmark raised their price objective 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 investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $8.33.

Red Robin Gourmet Burgers Stock Performance

Red Robin Gourmet Burgers stock opened at $8.23 on Friday. The firm has a market cap of $155.55 million, a P/E ratio of -4.87 and a beta of 2.44. The business's fifty day moving average is $8.11 and its two-hundred day moving average is $5.49. Red Robin Gourmet Burgers has a 52 week low of $2.45 and a 52 week high of $10.95.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of RRGB. BNP Paribas Financial Markets raised its position in shares of Red Robin Gourmet Burgers by 503.0% during the second quarter. BNP Paribas Financial Markets now owns 5,379 shares of the restaurant operator's stock worth $31,000 after acquiring an additional 4,487 shares during the last quarter. Jain Global LLC bought a new position in Red Robin Gourmet Burgers in the fourth quarter valued at about $47,000. Osaic Holdings Inc. boosted its holdings in Red Robin Gourmet Burgers by 152.6% in the second quarter. Osaic Holdings Inc. now owns 10,055 shares of the restaurant operator's stock valued at $58,000 after acquiring an additional 6,075 shares during the last quarter. MB Generational Wealth LLC acquired a new stake in Red Robin Gourmet Burgers in the first quarter worth about $59,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Red Robin Gourmet Burgers in the first quarter worth about $61,000. 84.04% of the stock is currently owned by institutional investors.

Red Robin Gourmet Burgers News Roundup

Here are the key news stories impacting Red Robin Gourmet Burgers this week:

• Positive Sentiment: Restaurant divestitures could improve the business model. Red Robin completed the sale of 108 restaurants and reportedly divested 116 U.S. locations, including two restaurants in Bucks County, to franchisees. The transactions should make the company more asset-light, potentially reduce operating complexity and support cash generation or debt reduction. Red Robin Gourmet Burgers Completes Sale of 108 Restaurants Red Robin Gourmet Burgers divests 116 restaurants in US
• Positive Sentiment: Some future earnings forecasts improved. Zacks Research raised its Q3 2026 EPS estimate to a loss of $0.68 from $0.70, and its Q3 2027 estimate to a loss of $0.40 from $0.46. Its Q4 2027 estimate also improved to a loss of $0.15 from $0.16, suggesting modestly better expectations for several periods.
• Neutral Sentiment: The turnaround is gaining traction, but valuation warrants caution. A Seeking Alpha analysis characterized Red Robin’s operational turnaround as improving while warning that the stock’s sharp re-rating leaves less room for execution missteps. The shares have risen substantially from their 52-week low and trade above their 50-day and 200-day moving averages. Red Robin: Turnaround Gains Traction, But The Sharp Re-Rating Warrants Patience
• Negative Sentiment: Full-year and some longer-term estimates were reduced. Zacks cut its FY2026 EPS forecast to a loss of $0.63 from $0.50. It also lowered Q1 2027 EPS to $0.29 from $0.31, Q2 2027 to $0.26 from $0.31, Q1 2028 to $0.26 from $0.28 and Q2 2028 to $0.25 from $0.33. These reductions indicate that profitability remains uncertain despite the refranchising progress.

Red Robin Gourmet Burgers Company Profile

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.

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