What is Zacks Research’s Forecast for RRGB FY2027 Earnings?

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) – Research analysts at Zacks Research issued their FY2027 earnings per share estimates for shares of Red Robin Gourmet Burgers in a research note issued to investors on Wednesday, March 19th. Zacks Research analyst M. Kaushik forecasts that the restaurant operator will post earnings of ($0.70) per share for the year. The consensus estimate for Red Robin Gourmet Burgers’ current full-year earnings is ($2.94) per share.

A number of other research analysts also recently issued reports on RRGB. CL King raised shares of Red Robin Gourmet Burgers from a “neutral” rating to a “buy” rating and set a $10.00 price objective on the stock in a research report on Thursday, February 27th. StockNews.com cut shares of Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a research report on Saturday, March 8th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Red Robin Gourmet Burgers presently has an average rating of “Moderate Buy” and a consensus target price of $13.38.

Red Robin Gourmet Burgers Stock Performance

RRGB opened at $4.12 on Friday. The stock has a market capitalization of $71.96 million, a PE ratio of -1.25 and a beta of 2.70. The stock’s 50 day moving average price is $5.22 and its 200-day moving average price is $5.13. Red Robin Gourmet Burgers has a 52-week low of $2.97 and a 52-week high of $9.20.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last released its earnings results on Wednesday, February 26th. The restaurant operator reported ($0.94) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.50) by ($0.44). The firm had revenue of $285.23 million during the quarter, compared to the consensus estimate of $285.20 million. During the same period in the previous year, the business posted ($0.66) earnings per share.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Quantbot Technologies LP purchased a new position in Red Robin Gourmet Burgers during the 3rd quarter valued at about $34,000. R Squared Ltd purchased a new position in Red Robin Gourmet Burgers during the 4th quarter valued at about $52,000. Raymond James Financial Inc. purchased a new position in Red Robin Gourmet Burgers during the 4th quarter valued at about $63,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Red Robin Gourmet Burgers during the 4th quarter valued at about $64,000. Finally, Barclays PLC lifted its position in Red Robin Gourmet Burgers by 489.6% during the 4th 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. 84.04% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Red Robin Gourmet Burgers

In related news, CEO Gerard Johan Hart sold 11,467 shares of Red Robin Gourmet Burgers stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $4.39, for a total transaction of $50,340.13. Following the completion of the transaction, the chief executive officer now directly owns 575,270 shares of the company’s stock, valued at $2,525,435.30. This trade represents a 1.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last ninety days, insiders sold 29,630 shares of company stock valued at $131,136. Company 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.