In yesterday’s Wall Street session, Red Robin Gourmet Burgers Inc. (NASDAQ:RRGB) shares traded at $10.42, up 0.48% from the previous session.
3 analysts cover Red Robin Gourmet Burgers Inc. (NASDAQ:RRGB), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $22.00 and a low of $12.00, we find $17.00. Given the previous closing price of $10.37, this indicates a potential upside of 63.93 percent. RRGB stock price is now -21.02% away from the 50-day moving average and -8.01% away from the 200-day moving average. The market capitalization of the company currently stands at $165.16M.
The stock has received a hold rating from 2 analysts and a buy rating from 1. Brokers who have rated the stock have averaged $17.00 as their price target over the next twelve months.
With the price target maintained at $14, The Benchmark Company recently Upgraded its rating from Hold to Buy for Red Robin Gourmet Burgers Inc. (NASDAQ: RRGB).
In other news, Archon Capital Management LLC, 10% Owner bought 151,512 shares of the company’s stock on Aug 23. The stock was bought for $1,595,376 at an average price of $10.53. Upon completion of the transaction, the 10% Owner now directly owns 1,814,692 shares in the company, valued at $18.91 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 22, 10% Owner Archon Capital Management LLC bought 61,024 shares of the business’s stock. A total of $627,327 was incurred on buying the stock at an average price of $10.28. This leaves the insider owning 1,663,180 shares of the company worth $17.33 million. Insiders disposed of 1,008 shares of company stock worth roughly $10503.36 over the past 1 year. A total of 2.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in RRGB stock. A new stake in Red Robin Gourmet Burgers Inc. shares was purchased by ACADIAN ASSET MANAGEMENT LLC during the first quarter worth $2,515,000. BANK OF MONTREAL /CAN/ invested $1,083,000 in shares of RRGB during the first quarter. In the first quarter, BNP PARIBAS ARBITRAGE, SNC acquired a new stake in Red Robin Gourmet Burgers Inc. valued at approximately $1,037,000. CUBIST SYSTEMATIC STRATEGIES, LLC acquired a new stake in RRGB for approximately $981,000. NUVEEN ASSET MANAGEMENT, LLC purchased a new stake in RRGB valued at around $833,000 in the second quarter. In total, there are 115 active investors with 70.20% ownership of the company’s stock.
On Friday morning Red Robin Gourmet Burgers Inc. (NASDAQ: RRGB) stock kicked off with the opening price of $10.55. During the past 12 months, Red Robin Gourmet Burgers Inc. has had a low of $5.35 and a high of $16.50. As of last week, the company has a debt-to-equity ratio of 63.67, a current ratio of 0.50, and a quick ratio of 0.40. The fifty day moving average price for RRGB is $13.14 and a two-hundred day moving average price translates $11.34 for the stock.
The latest earnings results from Red Robin Gourmet Burgers Inc. (NASDAQ: RRGB) was released for Jul, 2023. The net profit margin was -4.30% and return on equity was -346.70% for RRGB. The company reported revenue of $298.65 million for the quarter, compared to $294.06 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.56 percent.
Red Robin Gourmet Burgers Inc.(RRGB) 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. The company’s restaurants primarily offer burgers and pizza, appetizers, salads, soups, other entrees, desserts, wings, milkshakes, alcoholic and non-alcoholic specialty drinks, cocktails, wine, and beers. Red Robin Gourmet Burgers, Inc. was founded in 1969 and is based in Greenwood Village, Colorado.
