Research Analysts Offer Predictions for RRGB Q4 Earnings

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB - Free Report) - Analysts at Zacks Research decreased their Q4 2026 earnings estimates for Red Robin Gourmet Burgers in a report issued on Tuesday, February 11th. Zacks Research analyst M. Kaushik now forecasts that the restaurant operator will post earnings per share of $0.44 for the quarter, down from their prior estimate of $0.47. The consensus estimate for Red Robin Gourmet Burgers' current full-year earnings is ($2.93) per share.

Red Robin Gourmet Burgers Stock Performance

NASDAQ:RRGB traded down $0.17 during trading hours on Thursday, reaching $5.00. The stock had a trading volume of 363,295 shares, compared to its average volume of 276,726. The stock has a 50 day simple moving average of $5.55 and a 200 day simple moving average of $5.12. Red Robin Gourmet Burgers has a 12-month low of $2.97 and a 12-month high of $10.61. The stock has a market cap of $86.95 million, a P/E ratio of -1.52 and a beta of 2.65.

Hedge Funds Weigh In On Red Robin Gourmet Burgers

Several hedge funds have recently made changes to their positions in RRGB. Bleakley Financial Group LLC purchased a new position in shares of Red Robin Gourmet Burgers during the 3rd quarter valued at $537,000. 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. Quantbot Technologies LP purchased a new position in Red Robin Gourmet Burgers during the third quarter worth about $34,000. Verition Fund Management LLC purchased a new position in Red Robin Gourmet Burgers during the third quarter worth about $1,082,000. Finally, PDT Partners LLC grew its position in Red Robin Gourmet Burgers by 159.5% during the third quarter. PDT Partners LLC now owns 151,360 shares of the restaurant operator's stock worth $667,000 after buying an additional 93,040 shares in the last quarter. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Red Robin Gourmet Burgers news, insider Jumana Capital Investments Llc acquired 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 purchase, the insider now owns 1,614,906 shares of the company's stock, valued at approximately $8,381,362.14. This represents a 98.28 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.19% of the stock is currently owned by 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.