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

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) – Zacks Research upped their Q3 2026 earnings per share (EPS) estimates for shares of Red Robin Gourmet Burgers in a report released 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 previous 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 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.08). The business had revenue of $378.26 million during the quarter, compared to analyst estimates of $273.29 million.

A number of other analysts also recently issued reports on RRGB. UBS Group set a $8.00 price target on Red Robin Gourmet Burgers in a research report on Wednesday, June 3rd. Wall Street Zen downgraded Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Red Robin Gourmet Burgers in a research report on Tuesday, April 21st. Finally, Benchmark reiterated 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 assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $7.67.

Red Robin Gourmet Burgers Trading Down 0.4%

Shares of RRGB opened at $4.53 on Thursday. The company has a market cap of $83.81 million, a PE ratio of -3.02 and a beta of 2.48. The stock has a 50-day moving average price of $3.94 and a 200-day moving average price of $3.90. Red Robin Gourmet Burgers has a 12-month low of $2.45 and a 12-month high of $7.89.

Institutional Trading of Red Robin Gourmet Burgers

Hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets lifted its position 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 buying an additional 4,487 shares during the last quarter. Osaic Holdings Inc. lifted its position 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 buying an additional 6,075 shares during the last quarter. Sherbrooke Park Advisers LLC bought a new stake in Red Robin Gourmet Burgers in the 3rd quarter worth approximately $70,000. Granite Investment Partners LLC bought a new stake in Red Robin Gourmet Burgers in the 3rd quarter worth approximately $73,000. Finally, Jain Global LLC bought a new stake in Red Robin Gourmet Burgers in the 4th quarter worth approximately $47,000. Institutional investors own 84.04% of the company’s stock.

Red Robin Gourmet Burgers Company Profile

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.