BlackRock Inc. Buys Shares of 298,094 Red Robin Gourmet Burgers, Inc. $RRGB

Key Points

• BlackRock acquired 298,094 shares of Red Robin Gourmet Burgers in the second quarter, worth approximately $2.38 million and representing about 1.61% of the company. Institutional investors collectively own 84.04% of RRGB.
• Red Robin reported quarterly EPS of $0.12 and revenue of $277.64 million, exceeding analysts’ $268.56 million revenue estimate. However, analysts still forecast a full-year loss of $0.63 per share.
• RRGB shares opened at $8.47, while the analyst consensus remains “Hold” with an $8.33 target price; ratings range from Buy to Sell, reflecting uncertainty around the company’s turnaround and valuation.

BlackRock Inc. purchased a new position in shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 298,094 shares of the restaurant operator's stock, valued at approximately $2,382,000. BlackRock Inc. owned about 1.61% of Red Robin Gourmet Burgers at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Dynamic Technology Lab Private Ltd acquired a new stake in Red Robin Gourmet Burgers during the first quarter worth approximately $61,000. Goldman Sachs Group Inc. boosted its holdings in shares of Red Robin Gourmet Burgers by 38.8% during the first quarter. Goldman Sachs Group Inc. now owns 84,625 shares of the restaurant operator's stock worth $301,000 after purchasing an additional 23,638 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Red Robin Gourmet Burgers in the first quarter valued at $69,000. JPMorgan Chase & Co. increased its stake in Red Robin Gourmet Burgers by 5,671.8% in the second quarter. JPMorgan Chase & Co. now owns 133,041 shares of the restaurant operator's stock valued at $770,000 after purchasing an additional 130,736 shares during the last quarter. Finally, XTX Topco Ltd increased its stake in Red Robin Gourmet Burgers by 128.7% in the second quarter. XTX Topco Ltd now owns 31,415 shares of the restaurant operator's stock valued at $182,000 after purchasing an additional 17,679 shares during the last quarter. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Red Robin Gourmet Burgers Trading Up 2.9%

RRGB stock opened at $8.47 on Friday. The stock has a 50-day moving average price of $8.13 and a two-hundred day moving average price of $5.51. Red Robin Gourmet Burgers, Inc. has a 12-month low of $2.45 and a 12-month high of $10.95. The company has a market cap of $160.12 million, a PE ratio of -5.01 and a beta of 2.44.

Red Robin Gourmet Burgers (NASDAQ:RRGB - Get Free Report) last released its quarterly earnings data on Wednesday, August 12th. The restaurant operator reported $0.12 EPS for the quarter. The firm had revenue of $277.64 million during the quarter, compared to analysts' expectations of $268.56 million. Equities analysts forecast that Red Robin Gourmet Burgers, Inc. will post -0.63 EPS for the current fiscal year.

Trending Headlines about Red Robin Gourmet Burgers

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

• Positive Sentiment: Some earnings estimates improved. Zacks Research raised its Q3 2026 EPS estimate to a loss of $0.68 from a loss of $0.70, and its Q3 and Q4 2027 estimates to losses of $0.40 and $0.15, respectively. While the company is still expected to report losses, the revisions suggest analysts see modestly better profitability than previously anticipated.
• Positive Sentiment: Franchising could support the turnaround. Red Robin is selling two Bucks County, Pennsylvania restaurants to a franchisee. The transaction may reduce company-operated costs and capital requirements while generating a more predictable franchise revenue stream. Red Robin Gourmet Burgers selling 2 Bucks County restaurants to franchisee
• Positive Sentiment: Turnaround momentum is attracting investor attention. A recent analysis said Red Robin’s turnaround is gaining traction, which helps explain the stock’s strong rebound from its 12-month low. Red Robin: Turnaround Gains Traction, But The Sharp Re-Rating Warrants Patience
• Neutral Sentiment: Longer-term estimates remain mixed. Zacks projects positive EPS for several 2027–2028 quarters, including $0.29 for Q1 2027 and $0.26 for Q2 2027, but the estimates were reduced from earlier forecasts.
• Negative Sentiment: Full-year profitability expectations weakened. Zacks cut its FY2026 EPS forecast to a loss of $0.63 from a loss of $0.50, below the current consensus estimate of a $0.50 loss. It also lowered Q1 2027, Q2 2027, Q1 2028 and Q2 2028 estimates, indicating that near-term earnings visibility remains uncertain.
• Negative Sentiment: Valuation and volatility are risks. With the stock trading well above its 12-month low, analysts caution that the sharp re-rating may have already priced in much of the turnaround. Red Robin remains loss-making, and its high beta increases the risk of sizable price swings.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Wall Street Zen raised Red Robin Gourmet Burgers from a "sell" rating to a "hold" rating in a research note on Saturday, August 1st. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Red Robin Gourmet Burgers in a research note on Friday, July 17th. Benchmark increased their price objective on shares of Red Robin Gourmet Burgers from $8.00 to $10.00 and gave the stock a "buy" rating in a report on Thursday, August 13th. Finally, UBS Group set a $8.00 price objective on shares of Red Robin Gourmet Burgers in a report on Wednesday, June 3rd. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Red Robin Gourmet Burgers presently has an average rating of "Hold" and a consensus target price of $8.33.

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.

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