Equities Analysts Offer Predictions for RRGB FY2024 Earnings

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) – Equities researchers at Zacks Research dropped their FY2024 earnings per share (EPS) estimates for shares of Red Robin Gourmet Burgers in a research report issued to clients and investors on Tuesday, February 11th. Zacks Research analyst M. Kaushik now expects that the restaurant operator will earn ($2.96) per share for the year, down from their prior forecast of ($2.93). The consensus estimate for Red Robin Gourmet Burgers’ current full-year earnings is ($2.93) per share. Zacks Research also issued estimates for Red Robin Gourmet Burgers’ Q4 2024 earnings at ($0.55) EPS, Q4 2025 earnings at ($0.14) EPS, FY2025 earnings at ($1.75) EPS, Q1 2026 earnings at $0.21 EPS and FY2026 earnings at ($0.60) EPS.

Red Robin Gourmet Burgers Stock Up 1.6 %

RRGB opened at $5.17 on Friday. The business has a 50 day simple moving average of $5.57 and a two-hundred day simple moving average of $5.14. Red Robin Gourmet Burgers has a one year low of $2.97 and a one year high of $10.61.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its stake in shares of Red Robin Gourmet Burgers by 2.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 98,793 shares of the restaurant operator’s stock worth $542,000 after buying an additional 2,730 shares during the last quarter. Barclays PLC lifted its position in Red Robin Gourmet Burgers by 489.6% in 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 in the last quarter. Raymond James Financial Inc. bought a new position in Red Robin Gourmet Burgers in the 4th quarter valued at approximately $63,000. Bandera Partners LLC bought a new position in Red Robin Gourmet Burgers in the 4th quarter valued at approximately $1,260,000. Finally, Geode Capital Management LLC lifted its position in Red Robin Gourmet Burgers by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 198,525 shares of the restaurant operator’s stock valued at $1,090,000 after acquiring an additional 4,209 shares in the last quarter. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Insiders Place Their Bets

In other news, insider Jumana Capital Investments Llc bought 800,454 shares of Red Robin Gourmet Burgers stock in a transaction on Tuesday, December 3rd. The shares were purchased at an average price of $5.19 per share, for a total transaction of $4,154,356.26. Following the acquisition, the insider now owns 1,614,906 shares of the company’s stock, valued at approximately $8,381,362.14. The trade was a 98.28 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 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.