What is Zacks Research’s Forecast for RRGB Q3 Earnings?

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) – Stock analysts at Zacks Research lifted their Q3 2026 earnings per share (EPS) estimates for shares of Red Robin Gourmet Burgers in a research note issued on Tuesday, June 9th. Zacks Research analyst Team now anticipates that the restaurant operator will post earnings per share of ($0.70) for the quarter, up from their prior forecast of ($0.73). 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’ FY2026 earnings at ($0.50) EPS, Q3 2027 earnings at ($0.46) EPS, FY2027 earnings at $0.00 EPS and FY2028 earnings at $0.06 EPS.

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

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

Red Robin Gourmet Burgers Trading Down 0.4%

NASDAQ RRGB opened at $4.53 on Thursday. The firm has a market capitalization of $83.81 million, a P/E ratio of -3.02 and a beta of 2.48. The business has a fifty day simple moving average of $3.94 and a 200 day simple moving average of $3.90. Red Robin Gourmet Burgers has a 12 month low of $2.45 and a 12 month high of $7.89.

Institutional Investors Weigh In On Red Robin Gourmet Burgers

Large investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its holdings in Red Robin Gourmet Burgers by 503.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 5,379 shares of the restaurant operator’s stock worth $31,000 after acquiring an additional 4,487 shares during the last quarter. Osaic Holdings Inc. increased its holdings in Red Robin Gourmet Burgers by 152.6% in the 2nd quarter. Osaic Holdings Inc. now owns 10,055 shares of the restaurant operator’s stock worth $58,000 after acquiring an additional 6,075 shares during the last quarter. Sherbrooke Park Advisers LLC purchased a new stake in Red Robin Gourmet Burgers in the 3rd quarter worth about $70,000. Granite Investment Partners LLC bought a new position in Red Robin Gourmet Burgers in the 3rd quarter worth about $73,000. Finally, Jain Global LLC bought a new position in Red Robin Gourmet Burgers in the 4th quarter worth about $47,000. Hedge funds and other institutional investors 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.