Equities Analysts Issue Forecasts for RRGB FY2027 Earnings

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) – Equities researchers at Zacks Research issued their FY2027 earnings per share estimates for shares of Red Robin Gourmet Burgers in a research report issued to clients and investors on Wednesday, March 19th. Zacks Research analyst M. Kaushik anticipates that the restaurant operator will post earnings of ($0.70) per share 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 announced its earnings results on Wednesday, February 26th. The restaurant operator reported ($0.94) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.50) by ($0.44). The company had revenue of $285.23 million during the quarter, compared to the consensus estimate of $285.20 million. During the same quarter last year, the firm posted ($0.66) earnings per share.

A number of other research analysts have also weighed in on RRGB. CL King raised shares of Red Robin Gourmet Burgers from a “neutral” rating to a “buy” rating and set a $10.00 price target on the stock in a research report on Thursday, February 27th. StockNews.com cut shares of Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a research report on Saturday, March 8th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat.com, Red Robin Gourmet Burgers currently has an average rating of “Moderate Buy” and an average target price of $13.38.

Red Robin Gourmet Burgers Price Performance

RRGB opened at $4.12 on Friday. Red Robin Gourmet Burgers has a 1 year low of $2.97 and a 1 year high of $9.20. The company has a market capitalization of $71.96 million, a price-to-earnings ratio of -1.25 and a beta of 2.70. The firm’s fifty day moving average price is $5.22 and its two-hundred day moving average price is $5.12.

Insider Buying and Selling

In other news, CEO Gerard Johan Hart sold 11,997 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $4.46, for a total transaction of $53,506.62. Following the completion of the sale, the chief executive officer now owns 586,737 shares in the company, valued at $2,616,847.02. This trade represents a 2.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last ninety days, insiders have sold 29,630 shares of company stock valued at $131,136. 3.19% of the stock is owned by insiders.

Hedge Funds Weigh In On Red Robin Gourmet Burgers

Several institutional investors and hedge funds have recently bought and sold shares of RRGB. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Red Robin Gourmet Burgers during the 4th quarter valued at $64,000. Millennium Management LLC raised its stake in Red Robin Gourmet Burgers by 22.3% in the 4th quarter. Millennium Management LLC now owns 127,974 shares of the restaurant operator’s stock valued at $703,000 after acquiring an additional 23,358 shares during the period. JCP Investment Management LLC lifted its holdings in Red Robin Gourmet Burgers by 281.6% during the fourth quarter. JCP Investment Management LLC now owns 1,860,668 shares of the restaurant operator’s stock valued at $10,215,000 after purchasing an additional 1,373,077 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its position 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 worth $2,166,000 after purchasing an additional 208,862 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Red Robin Gourmet Burgers in the fourth quarter worth about $181,000. 84.04% of the stock is owned by institutional investors.

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.