FY2027 Earnings Estimate for RRGB Issued By Zacks Research

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) – Analysts at Zacks Research issued their FY2027 earnings estimates for Red Robin Gourmet Burgers in a report issued on Wednesday, March 19th. Zacks Research analyst M. Kaushik forecasts that the restaurant operator will post earnings per share of ($0.70) for the year. The consensus estimate for Red Robin Gourmet Burgers’ current full-year earnings is ($2.94) per share.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last released its quarterly earnings data on Wednesday, February 26th. The restaurant operator reported ($0.94) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.50) by ($0.44). The company had revenue of $285.23 million for the quarter, compared to analyst estimates of $285.20 million. During the same period last year, the company earned ($0.66) EPS.

RRGB has been the subject of several other research reports. StockNews.com lowered Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a research note on Saturday, March 8th. CL King raised shares of Red Robin Gourmet Burgers from a “neutral” rating to a “buy” rating and set a $10.00 target price for the company in a report on Thursday, February 27th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Red Robin Gourmet Burgers presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.38.

Red Robin Gourmet Burgers Stock Up 1.4 %

Red Robin Gourmet Burgers stock opened at $4.33 on Friday. Red Robin Gourmet Burgers has a 52 week low of $2.97 and a 52 week high of $9.20. The stock has a market cap of $75.63 million, a price-to-earnings ratio of -1.32 and a beta of 2.70. The business has a 50-day simple moving average of $5.24 and a 200 day simple moving average of $5.11.

Insider Buying and Selling

In related news, CEO Gerard Johan Hart sold 11,467 shares of the company’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $4.39, for a total value of $50,340.13. Following the completion of the transaction, the chief executive officer now owns 575,270 shares of the company’s stock, valued at approximately $2,525,435.30. This represents a 1.95 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In the last ninety days, insiders sold 29,630 shares of company stock valued at $131,136. 3.19% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Red Robin Gourmet Burgers

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. JCP Investment Management LLC lifted its stake in Red Robin Gourmet Burgers by 281.6% in the 4th quarter. JCP Investment Management LLC now owns 1,860,668 shares of the restaurant operator’s stock worth $10,215,000 after purchasing an additional 1,373,077 shares in the last quarter. Verition Fund Management LLC bought a new stake in shares of Red Robin Gourmet Burgers in the third quarter worth about $1,082,000. Bandera Partners LLC purchased a new stake in shares of Red Robin Gourmet Burgers in the fourth quarter worth about $1,260,000. D. E. Shaw & Co. Inc. boosted its stake in Red Robin Gourmet Burgers by 112.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 394,471 shares of the restaurant operator’s stock valued at $2,166,000 after buying an additional 208,862 shares during the last quarter. Finally, PDT Partners LLC grew its holdings in Red Robin Gourmet Burgers by 159.5% during the 3rd quarter. PDT Partners LLC now owns 151,360 shares of the restaurant operator’s stock valued at $667,000 after buying an additional 93,040 shares in the last quarter. Institutional investors own 84.04% 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.