Equities Analysts Set Expectations for RRGB FY2024 Earnings

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) – Research analysts at Zacks Research lowered their FY2024 EPS estimates for shares of Red Robin Gourmet Burgers in a report released on Tuesday, February 11th. Zacks Research analyst M. Kaushik now anticipates that the restaurant operator will post earnings of ($2.96) per share for the year, down from their previous forecast of ($2.93). The consensus estimate for Red Robin Gourmet Burgers’ current full-year earnings is ($2.93) per share. Zacks Research also issued estimates for Red Robin Gourmet Burgers’ Q4 2024 earnings at ($0.55) EPS, Q4 2025 earnings at ($0.14) EPS, FY2025 earnings at ($1.75) EPS, Q1 2026 earnings at $0.21 EPS and FY2026 earnings at ($0.60) EPS.

Red Robin Gourmet Burgers Price Performance

Shares of RRGB opened at $5.00 on Friday. The firm’s 50 day moving average is $5.55 and its 200-day moving average is $5.13. The stock has a market capitalization of $86.95 million, a P/E ratio of -1.52 and a beta of 2.65. Red Robin Gourmet Burgers has a 12-month low of $2.97 and a 12-month high of $10.61.

Institutional Investors Weigh In On Red Robin Gourmet Burgers

Large investors have recently made changes to their positions in the company. Quantbot Technologies LP acquired a new stake in shares of Red Robin Gourmet Burgers during the third quarter valued at approximately $34,000. R Squared Ltd acquired a new stake in shares of Red Robin Gourmet Burgers during the fourth quarter valued at approximately $52,000. Wolverine Trading LLC acquired a new stake in shares of Red Robin Gourmet Burgers during the third quarter valued at approximately $55,000. Raymond James Financial Inc. acquired a new stake in shares of Red Robin Gourmet Burgers during the fourth quarter valued at approximately $63,000. Finally, Barclays PLC raised its holdings in shares of Red Robin Gourmet Burgers by 489.6% during the fourth quarter. Barclays PLC now owns 12,270 shares of the restaurant operator’s stock valued at $67,000 after acquiring an additional 10,189 shares during the period. Institutional investors and hedge funds own 84.04% of the company’s stock.

Insider Transactions at Red Robin Gourmet Burgers

In other Red Robin Gourmet Burgers news, insider Jumana Capital Investments Llc acquired 800,454 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were bought at an average price of $5.19 per share, with a total value of $4,154,356.26. Following the purchase, the insider now directly owns 1,614,906 shares of the company’s stock, valued at approximately $8,381,362.14. This trade represents a 98.28 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 3.19% of the company’s stock.

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.