Zacks Research Has Bearish Forecast for RRGB Q3 Earnings

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) – Investment analysts at Zacks Research cut their Q3 2026 earnings estimates for Red Robin Gourmet Burgers in a report issued on Thursday, September 25th. Zacks Research analyst Team now expects that the restaurant operator will post earnings of ($0.71) per share for the quarter, down from their previous forecast of ($0.59). The consensus estimate for Red Robin Gourmet Burgers’ current full-year earnings is ($2.94) per share. Zacks Research also issued estimates for Red Robin Gourmet Burgers’ Q4 2026 earnings at ($0.19) EPS and FY2026 earnings at ($0.42) EPS.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last announced its earnings results on Wednesday, August 13th. The restaurant operator reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.25) by $0.51. The company had revenue of $283.70 million for the quarter, compared to the consensus estimate of $279.17 million. Red Robin Gourmet Burgers has set its FY 2025 guidance at EPS.

Separately, Benchmark reiterated a “buy” rating and issued a $12.00 target price on shares of Red Robin Gourmet Burgers in a report on Wednesday, July 16th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $11.00.

Red Robin Gourmet Burgers Trading Down 2.4%

Shares of RRGB stock opened at $6.86 on Monday. Red Robin Gourmet Burgers has a 1-year low of $2.50 and a 1-year high of $7.89. The stock has a market cap of $122.86 million, a price-to-earnings ratio of -2.02 and a beta of 2.45. The stock has a 50-day moving average of $6.41 and a 200-day moving average of $5.03.

Insider Activity

In other Red Robin Gourmet Burgers news, Director Christopher Ross Martin purchased 34,649 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were purchased at an average cost of $6.29 per share, for a total transaction of $217,942.21. Following the acquisition, the director owned 1,667,906 shares of the company’s stock, valued at approximately $10,491,128.74. This represents a 2.12% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.64% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bandera Partners LLC grew its holdings in Red Robin Gourmet Burgers by 58.8% in the second quarter. Bandera Partners LLC now owns 1,350,000 shares of the restaurant operator’s stock worth $7,816,000 after purchasing an additional 500,000 shares during the period. Pacific Ridge Capital Partners LLC grew its stake in shares of Red Robin Gourmet Burgers by 7.4% in the 1st quarter. Pacific Ridge Capital Partners LLC now owns 1,148,813 shares of the restaurant operator’s stock valued at $4,090,000 after buying an additional 79,181 shares during the period. Bank of America Corp DE increased its position in Red Robin Gourmet Burgers by 1.5% in the 2nd quarter. Bank of America Corp DE now owns 182,565 shares of the restaurant operator’s stock valued at $1,057,000 after buying an additional 2,697 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Red Robin Gourmet Burgers by 5,671.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 133,041 shares of the restaurant operator’s stock worth $770,000 after buying an additional 130,736 shares during the period. Finally, Millennium Management LLC boosted its holdings in Red Robin Gourmet Burgers by 22.3% in the fourth quarter. Millennium Management LLC now owns 127,974 shares of the restaurant operator’s stock worth $703,000 after acquiring an additional 23,358 shares in the last quarter. 84.04% of the stock is owned by institutional investors.

About Red Robin Gourmet Burgers

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.