Equities Analysts Offer Predictions for RRGB FY2024 Earnings

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) – Zacks Research decreased their FY2024 earnings per share (EPS) estimates for Red Robin Gourmet Burgers in a research note issued to investors on Tuesday, February 11th. Zacks Research analyst M. Kaushik now anticipates that the restaurant operator will post earnings per share of ($2.96) for the year, down from their prior forecast of ($2.93). The consensus estimate for Red Robin Gourmet Burgers’ current full-year earnings is ($2.93) per share. Zacks Research also issued estimates for Red Robin Gourmet Burgers’ Q4 2024 earnings at ($0.55) EPS, Q4 2025 earnings at ($0.14) EPS, FY2025 earnings at ($1.75) EPS, Q1 2026 earnings at $0.21 EPS and FY2026 earnings at ($0.60) EPS.

Red Robin Gourmet Burgers Trading Up 1.6 %

Shares of NASDAQ RRGB opened at $5.17 on Friday. Red Robin Gourmet Burgers has a fifty-two week low of $2.97 and a fifty-two week high of $10.61. The stock has a fifty day moving average of $5.57 and a 200-day moving average of $5.14.

Hedge Funds Weigh In On Red Robin Gourmet Burgers

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RRGB. GSA Capital Partners LLP grew its position in Red Robin Gourmet Burgers by 482.8% during the third quarter. GSA Capital Partners LLP now owns 634,961 shares of the restaurant operator’s stock worth $2,800,000 after buying an additional 526,016 shares in the last quarter. Verition Fund Management LLC bought a new stake in Red Robin Gourmet Burgers during the third quarter worth about $1,082,000. Bandera Partners LLC bought a new stake in Red Robin Gourmet Burgers during the fourth quarter worth about $1,260,000. Bleakley Financial Group LLC bought a new stake in Red Robin Gourmet Burgers during the third quarter worth about $537,000. Finally, PDT Partners LLC lifted its stake in shares of Red Robin Gourmet Burgers by 159.5% in the 3rd quarter. PDT Partners LLC now owns 151,360 shares of the restaurant operator’s stock valued at $667,000 after acquiring an additional 93,040 shares during the last quarter. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Red Robin Gourmet Burgers news, insider Jumana Capital Investments Llc bought 800,454 shares of Red Robin Gourmet Burgers stock in a transaction that occurred on Tuesday, December 3rd. The stock was acquired at an average cost of $5.19 per share, for a total transaction of $4,154,356.26. Following the completion of the transaction, the insider now directly owns 1,614,906 shares in the company, valued at $8,381,362.14. This represents a 98.28 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 3.19% of the stock is owned by company insiders.

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.