Zacks Research Has Optimistic Outlook of RRGB Q1 Earnings

Key Points

• Zacks Research revised its Q1 2027 earnings estimate for Red Robin Gourmet Burgers, increasing expectations from $0.22 to $0.30 per share.
• Benchmark has maintained a "buy" rating on Red Robin, with a price target of $12.00, while the consensus target price remains at $11.00.
• Recent institutional investments show significant increases in ownership, including a 270.2% rise in shares held by Bandera Partners LLC during Q1.

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB - Free Report) - Equities research analysts at Zacks Research upped their Q1 2027 earnings estimates for shares of Red Robin Gourmet Burgers in a research note issued on Thursday, September 25th. Zacks Research analyst Team now expects that the restaurant operator will earn $0.30 per share for the quarter, up from their prior estimate of $0.22. The consensus estimate for Red Robin Gourmet Burgers' current full-year earnings is ($2.94) per share.

Separately, Benchmark reissued a "buy" rating and set a $12.00 price target on shares of Red Robin Gourmet Burgers in a research report on Wednesday, July 16th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Red Robin Gourmet Burgers currently has a consensus rating of "Buy" and a consensus target price of $11.00.

Red Robin Gourmet Burgers Price Performance

Shares of RRGB opened at $6.74 on Friday. Red Robin Gourmet Burgers has a 1-year low of $2.50 and a 1-year high of $7.89. The stock has a market cap of $120.71 million, a price-to-earnings ratio of -1.98 and a beta of 2.45. The firm has a 50 day simple moving average of $6.39 and a 200-day simple moving average of $4.97.

Red Robin Gourmet Burgers (NASDAQ:RRGB - Get Free Report) last announced its earnings results on Wednesday, August 13th. The restaurant operator reported $0.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.25) by $0.51. The business had revenue of $283.70 million for the quarter, compared to analyst estimates of $279.17 million. Red Robin Gourmet Burgers has set its FY 2025 guidance at EPS.

Institutional Investors Weigh In On Red Robin Gourmet Burgers

A number of hedge funds and other institutional investors have recently made changes to their positions in RRGB. Bandera Partners LLC lifted its position in Red Robin Gourmet Burgers by 270.2% during the first quarter. Bandera Partners LLC now owns 850,000 shares of the restaurant operator's stock worth $3,026,000 after buying an additional 620,402 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Red Robin Gourmet Burgers by 5,671.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 133,041 shares of the restaurant operator's stock valued at $770,000 after acquiring an additional 130,736 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Red Robin Gourmet Burgers during the 2nd quarter worth about $674,000. Pacific Ridge Capital Partners LLC lifted its holdings in shares of Red Robin Gourmet Burgers by 7.4% during the 1st quarter. Pacific Ridge Capital Partners LLC now owns 1,148,813 shares of the restaurant operator's stock worth $4,090,000 after acquiring an additional 79,181 shares during the period. Finally, Trexquant Investment LP acquired a new stake in shares of Red Robin Gourmet Burgers in the first quarter worth approximately $209,000. Hedge funds and other institutional investors own 84.04% of the company's stock.

Insider Buying and Selling

In other Red Robin Gourmet Burgers news, Director Christopher Ross Martin purchased 34,649 shares of the business's stock in a transaction on Friday, August 22nd. The stock was bought at an average cost of $6.29 per share, for a total transaction of $217,942.21. Following the acquisition, the director owned 1,667,906 shares of the company's stock, valued at approximately $10,491,128.74. The trade was a 2.12% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.64% of the company's stock.

Red Robin Gourmet Burgers Company Profile

Red Robin Gourmet Burgers, Inc, together with its subsidiaries, develops, operates, and franchises casual-dining restaurants, in North America and one Canadian province. Its restaurants primarily offer burgers and pizza, appetizers, salads, soups, other entrees, desserts, wings, milkshakes, alcoholic and non-alcoholic specialty drinks, cocktails, wine, and beers.

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