What is Zacks Research’s Estimate for RRGB Q2 Earnings?

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) – Zacks Research lowered their Q2 2027 EPS estimates for Red Robin Gourmet Burgers in a research note issued on Tuesday, June 9th. Zacks Research analyst Team now forecasts that the restaurant operator will post earnings per share of $0.31 for the quarter, down from their previous estimate of $0.34. The consensus estimate for Red Robin Gourmet Burgers’ current full-year earnings is ($0.43) per share. Zacks Research also issued estimates for Red Robin Gourmet Burgers’ Q1 2028 earnings at $0.28 EPS.

Several other research firms have also recently weighed in on RRGB. Wall Street Zen cut shares of Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Weiss Ratings reissued a “sell (d-)” rating on shares of Red Robin Gourmet Burgers in a research report on Tuesday, April 21st. UBS Group set a $8.00 price target on shares of Red Robin Gourmet Burgers in a research report on Wednesday, June 3rd. Finally, Benchmark reissued a “buy” rating on shares of Red Robin Gourmet Burgers in a research report on Wednesday, June 3rd. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $7.67.

Red Robin Gourmet Burgers Stock Performance

NASDAQ RRGB opened at $4.55 on Wednesday. The firm has a 50-day simple moving average of $3.90 and a 200 day simple moving average of $3.90. Red Robin Gourmet Burgers has a twelve month low of $2.45 and a twelve month high of $7.89. The stock has a market cap of $84.18 million, a PE ratio of -3.03 and a beta of 2.48.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last released its earnings results on Tuesday, May 19th. The restaurant operator reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.08). The company had revenue of $378.26 million for the quarter, compared to analyst estimates of $273.29 million.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE increased its holdings in shares of Red Robin Gourmet Burgers by 1.5% during the second quarter. Bank of America Corp DE now owns 182,565 shares of the restaurant operator’s stock worth $1,057,000 after buying an additional 2,697 shares in the last quarter. AdvisorShares Investments LLC increased its holdings in shares of Red Robin Gourmet Burgers by 10.4% during the fourth quarter. AdvisorShares Investments LLC now owns 29,146 shares of the restaurant operator’s stock worth $118,000 after buying an additional 2,746 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Red Robin Gourmet Burgers by 503.0% during the second quarter. BNP Paribas Financial Markets now owns 5,379 shares of the restaurant operator’s stock worth $31,000 after buying an additional 4,487 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Red Robin Gourmet Burgers by 27.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 21,086 shares of the restaurant operator’s stock worth $86,000 after buying an additional 4,563 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of Red Robin Gourmet Burgers by 3.6% during the fourth quarter. Renaissance Technologies LLC now owns 172,666 shares of the restaurant operator’s stock worth $699,000 after buying an additional 5,923 shares in the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

About Red Robin Gourmet Burgers

Red Robin Gourmet Burgers, Inc, trading on NASDAQ under the ticker RRGB, is a leading casual dining restaurant company headquartered in Greenwood Village, Colorado. The company specializes in offering a diverse menu centered on gourmet burgers, bottomless steak fries, salads, sandwiches and a selection of alcoholic beverages. Red Robin operates restaurants under its flagship Red Robin® brand, serving guests through both dine-in and off-premises channels, including delivery and carry-out. The company also leverages technology and loyalty programs to enhance the guest experience and drive repeat visits.

Founded in 1969 in Seattle, Washington, Red Robin began as a small tavern before evolving into a family-friendly restaurant concept focused on premium burgers.