FY2028 Earnings Forecast for RRGB Issued By Zacks Research

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) – Zacks Research lowered their FY2028 earnings per share estimates for Red Robin Gourmet Burgers in a research note issued on Wednesday, October 7th. Zacks Research analyst Team now expects that the restaurant operator will post earnings per share of $0.03 for the year, down from their prior estimate of $0.06. Zacks Research has a “Strong Sell” rating on the stock. The consensus estimate for Red Robin Gourmet Burgers’ current full-year earnings is ($0.63) per share.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last announced its quarterly earnings data on Wednesday, August 12th. The restaurant operator reported $0.12 earnings per share for the quarter. The firm had revenue of $277.64 million during the quarter, compared to the consensus estimate of $268.56 million.

RRGB has been the subject of several other reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Red Robin Gourmet Burgers in a report on Friday, July 17th. Benchmark boosted their price objective on Red Robin Gourmet Burgers from $8.00 to $10.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. Finally, Wall Street Zen raised Red Robin Gourmet Burgers from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Two research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Red Robin Gourmet Burgers presently has an average rating of “Hold” and a consensus price target of $8.33.

Red Robin Gourmet Burgers Stock Performance

NASDAQ RRGB opened at $8.22 on Thursday. The firm has a market capitalization of $155.36 million, a PE ratio of -4.86 and a beta of 2.49. Red Robin Gourmet Burgers has a one year low of $2.45 and a one year high of $10.95. The company has a 50-day simple moving average of $8.37 and a 200-day simple moving average of $6.15.

Hedge Funds Weigh In On Red Robin Gourmet Burgers

Institutional investors and hedge funds have recently bought and sold shares of the stock. NewEdge Advisors LLC acquired a new position in shares of Red Robin Gourmet Burgers during the 2nd quarter valued at $160,000. Hsbc Holdings PLC acquired a new stake in Red Robin Gourmet Burgers during the second quarter valued at approximately $96,000. Wellington Management Group LLP acquired a new position in Red Robin Gourmet Burgers in the second quarter worth approximately $2,778,000. Lotus Technology Management LP bought a new position in shares of Red Robin Gourmet Burgers in the second quarter valued at $305,000. Finally, PDT Partners LLC acquired a new stake in shares of Red Robin Gourmet Burgers during the 2nd quarter valued at $327,000. Institutional investors own 84.04% of the company’s stock.

About Red Robin Gourmet Burgers

Red Robin Gourmet Burgers, Inc (NASDAQ: RRGB) is a casual dining restaurant company known for its gourmet burgers and family-friendly dining experience. Its menu includes a variety of burgers, chicken sandwiches, salads, appetizers, entrées, desserts, milkshakes and beverages, along with its signature bottomless steak fries.

The company operates restaurants under the Red Robin name through a combination of company-owned and franchised locations. Its restaurants primarily serve customers in the United States, with a presence in Canada through franchised operations.