Q3 2024 EPS Estimates for Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) Decreased by Analyst

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) – Stock analysts at Zacks Research dropped their Q3 2024 EPS estimates for Red Robin Gourmet Burgers in a research note issued on Thursday, September 12th. Zacks Research analyst M. Kaushik now forecasts that the restaurant operator will post earnings of ($0.82) per share for the quarter, down from their prior estimate of ($0.38). The consensus estimate for Red Robin Gourmet Burgers’ current full-year earnings is ($2.18) per share. Zacks Research also issued estimates for Red Robin Gourmet Burgers’ Q4 2024 earnings at ($0.26) EPS, FY2024 earnings at ($2.37) EPS, Q1 2025 earnings at ($0.41) EPS, Q2 2025 earnings at ($0.28) EPS, Q3 2025 earnings at ($0.38) EPS, Q4 2025 earnings at ($0.21) EPS, FY2025 earnings at ($1.28) EPS, Q1 2026 earnings at $0.11 EPS and Q2 2026 earnings at $0.02 EPS.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last released its quarterly earnings data on Thursday, August 22nd. The restaurant operator reported ($0.48) earnings per share for the quarter, missing the consensus estimate of ($0.41) by ($0.07). The company had revenue of $300.15 million during the quarter, compared to the consensus estimate of $295.57 million. During the same quarter last year, the business posted ($0.24) earnings per share.

Other equities research analysts also recently issued reports about the stock. Lake Street Capital cut their target price on shares of Red Robin Gourmet Burgers from $17.00 to $16.00 and set a “buy” rating on the stock in a research report on Friday, August 23rd. Craig Hallum cut their price target on shares of Red Robin Gourmet Burgers from $15.00 to $11.50 and set a “buy” rating on the stock in a report on Friday, August 23rd. Finally, Benchmark reduced their price objective on shares of Red Robin Gourmet Burgers from $18.00 to $16.00 and set a “buy” rating on the stock in a research note on Tuesday, August 20th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Red Robin Gourmet Burgers presently has an average rating of “Hold” and a consensus price target of $13.13.

Red Robin Gourmet Burgers Trading Up 16.0 %

Shares of RRGB stock opened at $3.76 on Monday. The firm has a market capitalization of $58.97 million, a price-to-earnings ratio of -2.14 and a beta of 2.74. The business’s 50-day moving average price is $4.78 and its 200-day moving average price is $6.31. Red Robin Gourmet Burgers has a 12 month low of $2.97 and a 12 month high of $12.80.

Institutional Investors Weigh In On Red Robin Gourmet Burgers

A number of institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. raised its stake in Red Robin Gourmet Burgers by 1.9% during the second quarter. Victory Capital Management Inc. now owns 110,850 shares of the restaurant operator’s stock worth $839,000 after buying an additional 2,078 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Red Robin Gourmet Burgers by 57.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,791 shares of the restaurant operator’s stock worth $85,000 after acquiring an additional 2,491 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of Red Robin Gourmet Burgers in the 1st quarter worth about $25,000. Quarry LP acquired a new position in shares of Red Robin Gourmet Burgers in the 2nd quarter valued at about $25,000. Finally, RK Capital Management LLC boosted its position in shares of Red Robin Gourmet Burgers by 1.6% during the 4th quarter. RK Capital Management LLC now owns 397,000 shares of the restaurant operator’s stock valued at $4,951,000 after purchasing an additional 6,100 shares in the last quarter. 84.04% of the stock is owned by institutional investors.

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.