What is Zacks Research’s Forecast for RRGB Q3 Earnings?

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) – Research analysts at Zacks Research lifted their Q3 2026 earnings estimates for shares of Red Robin Gourmet Burgers in a note issued to investors on Wednesday, September 2nd. Zacks Research analyst Team now forecasts that the restaurant operator will post earnings of ($0.68) per share for the quarter, up from their prior estimate of ($0.70). The consensus estimate for Red Robin Gourmet Burgers’ current full-year earnings is ($0.50) per share. Zacks Research also issued estimates for Red Robin Gourmet Burgers’ FY2026 earnings at ($0.63) EPS, Q3 2027 earnings at ($0.40) EPS and Q4 2027 earnings at ($0.15) EPS.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last posted its quarterly earnings results on Wednesday, August 12th. The restaurant operator reported $0.12 earnings per share for the quarter. The company had revenue of $277.64 million during the quarter, compared to analyst estimates of $268.56 million.

Several other equities analysts have also weighed in on RRGB. Benchmark increased their target price on Red Robin Gourmet Burgers from $8.00 to $10.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Weiss Ratings restated a “sell (d-)” rating on shares of Red Robin Gourmet Burgers in a report on Friday, July 17th. Wall Street Zen upgraded Red Robin Gourmet Burgers from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, UBS Group set a $8.00 price target on Red Robin Gourmet Burgers in a research note on Wednesday, June 3rd. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $8.33.

Red Robin Gourmet Burgers Stock Down 2.7%

Shares of Red Robin Gourmet Burgers stock opened at $8.23 on Friday. Red Robin Gourmet Burgers has a 12 month low of $2.45 and a 12 month high of $10.95. The business has a fifty day simple moving average of $8.11 and a 200 day simple moving average of $5.49. The stock has a market cap of $155.55 million, a PE ratio of -4.87 and a beta of 2.44.

Institutional Trading of Red Robin Gourmet Burgers

Large investors have recently made changes to their positions in the company. JCP Investment Management LLC lifted its holdings in Red Robin Gourmet Burgers by 0.6% during the fourth quarter. JCP Investment Management LLC now owns 1,871,235 shares of the restaurant operator’s stock worth $7,579,000 after acquiring an additional 10,567 shares in the last quarter. Pacific Ridge Capital Partners LLC increased its holdings in shares of Red Robin Gourmet Burgers by 8.8% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 1,388,465 shares of the restaurant operator’s stock worth $5,623,000 after acquiring an additional 112,526 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Red Robin Gourmet Burgers by 1.4% in the third quarter. Vanguard Group Inc. now owns 752,809 shares of the restaurant operator’s stock worth $5,164,000 after acquiring an additional 10,735 shares in the last quarter. Mink Brook Asset Management LLC raised its position in shares of Red Robin Gourmet Burgers by 15.4% during the fourth quarter. Mink Brook Asset Management LLC now owns 530,345 shares of the restaurant operator’s stock worth $2,148,000 after purchasing an additional 70,893 shares during the period. Finally, Simcoe Capital LLC acquired a new stake in shares of Red Robin Gourmet Burgers during the fourth quarter worth about $1,989,000. Institutional investors own 84.04% of the company’s stock.

Key Red Robin Gourmet Burgers News

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

• Positive Sentiment: Restaurant divestitures could improve the business model. Red Robin completed the sale of 108 restaurants and reportedly divested 116 U.S. locations, including two restaurants in Bucks County, to franchisees. The transactions should make the company more asset-light, potentially reduce operating complexity and support cash generation or debt reduction. Red Robin Gourmet Burgers Completes Sale of 108 Restaurants Red Robin Gourmet Burgers divests 116 restaurants in US
• Positive Sentiment: Some future earnings forecasts improved. Zacks Research raised its Q3 2026 EPS estimate to a loss of $0.68 from $0.70, and its Q3 2027 estimate to a loss of $0.40 from $0.46. Its Q4 2027 estimate also improved to a loss of $0.15 from $0.16, suggesting modestly better expectations for several periods.
• Neutral Sentiment: The turnaround is gaining traction, but valuation warrants caution. A Seeking Alpha analysis characterized Red Robin’s operational turnaround as improving while warning that the stock’s sharp re-rating leaves less room for execution missteps. The shares have risen substantially from their 52-week low and trade above their 50-day and 200-day moving averages. Red Robin: Turnaround Gains Traction, But The Sharp Re-Rating Warrants Patience
• Negative Sentiment: Full-year and some longer-term estimates were reduced. Zacks cut its FY2026 EPS forecast to a loss of $0.63 from $0.50. It also lowered Q1 2027 EPS to $0.29 from $0.31, Q2 2027 to $0.26 from $0.31, Q1 2028 to $0.26 from $0.28 and Q2 2028 to $0.25 from $0.33. These reductions indicate that profitability remains uncertain despite the refranchising progress.

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.