Brokers Issue Forecasts for RRGB FY2027 Earnings

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB - Free Report) - Zacks Research issued their FY2027 earnings per share (EPS) 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 earn ($0.70) per share for the year. The consensus estimate for Red Robin Gourmet Burgers' current full-year earnings is ($2.94) per share.

Other research analysts have also recently issued reports about the company. CL King raised Red Robin Gourmet Burgers from a "neutral" rating to a "buy" rating and set a $10.00 price target for the company 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 note on Saturday, March 8th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Red Robin Gourmet Burgers currently has an average rating of "Moderate Buy" and an average price target of $13.38.

Red Robin Gourmet Burgers Trading Down 2.8 %

Shares of Red Robin Gourmet Burgers stock traded down $0.12 during trading hours on Friday, reaching $4.11. 157,201 shares of the company's stock were exchanged, compared to its average volume of 441,624. The stock has a market cap of $71.79 million, a P/E ratio of -1.25 and a beta of 2.70. The company has a 50 day moving average of $5.16 and a two-hundred day moving average of $5.16. Red Robin Gourmet Burgers has a fifty-two week low of $2.97 and a fifty-two week high of $9.20.

Red Robin Gourmet Burgers (NASDAQ:RRGB - Get Free Report) last announced its earnings results on Wednesday, February 26th. The restaurant operator reported ($0.94) EPS for the quarter, missing the consensus estimate 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 firm earned ($0.66) EPS.

Hedge Funds Weigh In On Red Robin Gourmet Burgers

Institutional investors and hedge funds have recently modified their holdings of the stock. JCP Investment Management LLC boosted its holdings in shares of Red Robin Gourmet Burgers by 281.6% during the 4th quarter. JCP Investment Management LLC now owns 1,860,668 shares of the restaurant operator's stock worth $10,215,000 after buying an additional 1,373,077 shares during the period. Pacific Ridge Capital Partners LLC lifted its position in Red Robin Gourmet Burgers by 8.7% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 1,069,632 shares of the restaurant operator's stock worth $5,872,000 after acquiring an additional 85,518 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in shares of 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 acquiring an additional 208,862 shares during the period. Verition Fund Management LLC acquired a new position in shares of Red Robin Gourmet Burgers in the third quarter valued at approximately $1,082,000. Finally, Bandera Partners LLC bought a new position in shares of Red Robin Gourmet Burgers during the fourth quarter worth approximately $1,260,000. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Gerard Johan Hart sold 11,997 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $4.46, for a total value of $53,506.62. Following the sale, the chief executive officer now owns 586,737 shares in the company, valued at approximately $2,616,847.02. This represents a 2.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 52,759 shares of company stock valued at $227,353 over the last three months. Insiders own 3.19% 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.