Zacks Research Brokers Lift Earnings Estimates for RRGB

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) – Investment analysts at Zacks Research raised their Q1 2026 earnings per share estimates for shares of Red Robin Gourmet Burgers in a research note issued to investors on Tuesday, March 17th. Zacks Research analyst Team now anticipates that the restaurant operator will post earnings of $0.21 per share for the quarter, up from their previous estimate of $0.20. 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’ Q2 2026 earnings at $0.28 EPS, Q2 2027 earnings at $0.34 EPS and FY2028 earnings at ($0.39) EPS.

Several other equities research analysts have also recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Red Robin Gourmet Burgers in a research note on Thursday, January 22nd. Jefferies Financial Group raised shares of Red Robin Gourmet Burgers from a “hold” rating to a “buy” rating and set a $7.00 price target on the stock in a research note on Monday, December 15th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $9.50.

Red Robin Gourmet Burgers Stock Performance

NASDAQ RRGB opened at $3.16 on Thursday. The business has a fifty day moving average price of $3.83 and a 200 day moving average price of $4.79. The company has a market cap of $57.10 million, a P/E ratio of -2.41 and a beta of 2.23. Red Robin Gourmet Burgers has a one year low of $2.50 and a one year high of $7.89.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last released its earnings results on Wednesday, February 25th. The restaurant operator reported ($0.41) earnings per share for the quarter, missing the consensus estimate of ($0.28) by ($0.13). The firm had revenue of $269.04 million during the quarter, compared to analyst estimates of $264.26 million.

Hedge Funds Weigh In On Red Robin Gourmet Burgers

Institutional investors have recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd purchased a new stake in Red Robin Gourmet Burgers in the 1st quarter valued at $61,000. Goldman Sachs Group Inc. raised its holdings in shares of Red Robin Gourmet Burgers by 38.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 84,625 shares of the restaurant operator’s stock worth $301,000 after acquiring an additional 23,638 shares during the period. Jane Street Group LLC purchased a new position in shares of Red Robin Gourmet Burgers during the 1st quarter worth $69,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Red Robin Gourmet Burgers during the 2nd quarter valued at about $674,000. Finally, JPMorgan Chase & Co. boosted its position in shares of 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 valued at $770,000 after acquiring an additional 130,736 shares during the last quarter. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Key Headlines Impacting Red Robin Gourmet Burgers

Here are the key news stories impacting Red Robin Gourmet Burgers this week:

• Positive Sentiment: Small upward revisions to near-term quarters: Zacks nudged Q1 2026 to $0.21 (from $0.20) and Q3 2026 to ($0.73) (from ($0.75)), and raised FY2026 slightly to ($0.43) (from ($0.44)). These modest improvements suggest slight upside to near-term operating assumptions. Zacks estimate updates
• Neutral Sentiment: New/updated longer-range forecast: Zacks published FY2028 at ($0.39) and provided a full slate of 2026–2028 quarter-by-quarter estimates, giving investors a refreshed multi-year view but not a large directional surprise. Useful for modeling but less market-moving on its own. Zacks estimate updates
• Negative Sentiment: Downgrades to key late-period and full-year 2027 estimates: Zacks cut Q4 2027 to ($0.16) from ($0.10) and trimmed FY2027 to ($0.01) from $0.04 — a meaningful swing from slight profitability to a slight loss for the year. That reduction increases uncertainty around the company’s path back to sustained profitability. Zacks estimate updates
• Negative Sentiment: Additional small cuts to 2026/2027 quarterly estimates: Zacks trimmed Q4 2026 to ($0.20) (from ($0.18)) and lowered Q2 2026 and Q2 2027 by a penny each (to $0.28 and $0.34). These incremental cuts reinforce a cautious view on margin recovery and sales trends. Zacks estimate updates

Red Robin Gourmet Burgers Company Profile

Red Robin Gourmet Burgers, Inc, trading on NASDAQ under the ticker RRGB, is a leading casual dining restaurant company headquartered in Greenwood Village, Colorado. The company specializes in offering a diverse menu centered on gourmet burgers, bottomless steak fries, salads, sandwiches and a selection of alcoholic beverages. Red Robin operates restaurants under its flagship Red Robin® brand, serving guests through both dine-in and off-premises channels, including delivery and carry-out. The company also leverages technology and loyalty programs to enhance the guest experience and drive repeat visits.

Founded in 1969 in Seattle, Washington, Red Robin began as a small tavern before evolving into a family-friendly restaurant concept focused on premium burgers.