Zacks Research Has Pessimistic View of RRGB Q3 Earnings

Key Points

• Zacks Research has revised its Q3 2026 earnings per share (EPS) estimate for Red Robin Gourmet Burgers down to ($0.71), from a previous estimate of ($0.59), indicating a more pessimistic outlook.
• Benchmark has maintained a buy rating on Red Robin with a target price of $12.00, while the consensus price target among analysts stands at $11.00.
• Red Robin's shares recently opened at $6.98 and have displayed significant volatility, with a market cap of $125.01 million and a 12-month price range from $2.50 to $7.89.

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB - Free Report) - Investment analysts at Zacks Research cut their Q3 2026 EPS estimates for shares of Red Robin Gourmet Burgers in a research report issued on Thursday, September 25th. Zacks Research analyst Team now anticipates that the restaurant operator will earn ($0.71) per share for the quarter, down from their prior estimate of ($0.59). The consensus estimate for Red Robin Gourmet Burgers' current full-year earnings is ($2.94) per share. Zacks Research also issued estimates for Red Robin Gourmet Burgers' Q4 2026 earnings at ($0.19) EPS and FY2026 earnings at ($0.42) EPS.

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

Red Robin Gourmet Burgers Trading Up 3.6%

Shares of RRGB stock opened at $6.98 on Monday. The stock has a market capitalization of $125.01 million, a P/E ratio of -2.05 and a beta of 2.45. The firm's 50 day moving average is $6.40 and its 200 day moving average is $5.00. Red Robin Gourmet Burgers has a 12 month low of $2.50 and a 12 month high of $7.89.

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

Insider Activity at Red Robin Gourmet Burgers

In related news, Director Christopher Ross Martin purchased 34,649 shares of the firm's stock in a transaction dated Friday, August 22nd. The shares were purchased at an average price of $6.29 per share, with a total value of $217,942.21. Following the acquisition, the director directly owned 1,667,906 shares of the company's stock, valued at approximately $10,491,128.74. This represents a 2.12% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.64% of the stock is owned by insiders.

Hedge Funds Weigh In On Red Robin Gourmet Burgers

Institutional investors have recently made changes to their positions in the stock. Bandera Partners LLC increased its holdings in shares of Red Robin Gourmet Burgers by 270.2% in the 1st 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 last quarter. Pacific Ridge Capital Partners LLC increased its holdings in shares of Red Robin Gourmet Burgers by 7.4% in 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 buying an additional 79,181 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Red Robin Gourmet Burgers by 113.9% in the 4th quarter. Bank of America Corp DE now owns 89,298 shares of the restaurant operator's stock worth $490,000 after buying an additional 47,550 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Red Robin Gourmet Burgers by 22.3% during the 4th quarter. Millennium Management LLC now owns 127,974 shares of the restaurant operator's stock valued at $703,000 after purchasing an additional 23,358 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in shares of Red Robin Gourmet Burgers during the 1st quarter valued at $49,000. Institutional investors own 84.04% of the company's stock.

About Red Robin Gourmet Burgers

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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