Red Robin Gourmet Burgers Inc (NASDAQ:RRGB) shares traded 1.46% higher at $7.66 on Wall Street last session.
RRGB stock price is now -13.11% away from the 50-day moving average and -26.18% away from the 200-day moving average. The market capitalization of the company currently stands at $119.04M.
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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). On December 21, 2022, Jefferies Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock reducing its target price from $12.50 to quote $7.50, while ‘CL King’ rates the stock as ‘Neutral’
In other news, Archon Capital Management LLC, 10% Owner bought 6,000 shares of the company’s stock on Oct 04 ’23. The stock was bought for $45,420 at an average price of $7.57. Upon completion of the transaction, the 10% Owner now directly owns 1,870,692 shares in the company, valued at $14.33 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 03 ’23, 10% Owner Archon Capital Management LLC bought 50,000 shares of the business’s stock. A total of $371,500 was incurred on buying the stock at an average price of $7.43. This leaves the insider owning 1,864,692 shares of the company worth $14.28 million. A total of 6.30% of the company’s stock is owned by insiders.
During the past 12 months, Red Robin Gourmet Burgers Inc has had a low of $6.11 and a high of $16.50. The fifty day moving average price for RRGB is $8.82 and a two-hundred day moving average price translates $10.38 for the stock.
The latest earnings results from Red Robin Gourmet Burgers Inc (NASDAQ: RRGB) was released for Dec, 2023. According to the Restaurants Company, earnings per share came in at -$0.66, missing analysts’ expectations of -$0.46 by -0.2. This compares to -$2.85 EPS in the same period last year. The net profit margin was -1.62% and return on equity was -240.35% for RRGB. The company reported revenue of $308.87 million for the quarter, compared to $289.12 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.83 percent. For the current quarter, analysts expect RRGB to generate $397.71M in revenue.
