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Following A 7.60% Weekly Incline, Is It Still A Buy For Red Robin Gourmet Burgers Inc. (NASDAQ: RRGB)?

Red Robin Gourmet Burgers Inc. (NASDAQ:RRGB)’s traded shares stood at 1.12 million during the last session, with the company’s beta value hitting 2.70. At the close of trading, the stock’s price was $12.17, to imply an increase of 1.25% or $0.15 in intraday trading. The RRGB share’s 52-week high remains $18.47, putting it -51.77% down since that peak but still an impressive 56.04% since price per share fell to its 52-week low of $5.35. The company has a valuation of $200.81M, with an average of 0.59 million shares in intraday trading volume over the past 10 days and average of 371.95K shares over the past 3 months.

Analysts have given a consensus recommendation of an Overweight for Red Robin Gourmet Burgers Inc. (RRGB), translating to a mean rating of 2.70. Of 3 analyst(s) looking at the stock, 0 analyst(s) give RRGB a Sell rating. 0 of those analysts rate the stock as Overweight while 2 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -$0.62.

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Red Robin Gourmet Burgers Inc. (NASDAQ:RRGB) trade information

After registering a 1.25% upside in the last session, Red Robin Gourmet Burgers Inc. (RRGB) has traded red over the past five days. The stock hit a weekly high of 12.20 this Friday, 03/17/23, jumping 1.25% in its intraday price action. The 5-day price performance for the stock is 7.60%, and 17.58% over 30 days. With these gigs, the year-to-date price performance is 118.10%. Short interest in Red Robin Gourmet Burgers Inc. (NASDAQ:RRGB) saw shorts transact 1.42 million shares and set a 4.61 days time to cover.

Analysts on Wall Street suggest a consensus price target of $11.25, implying a decrease of -8.18% to the stock’s current value. The extremes give us $8.50 and $14.00 for target low and target high price respectively. As such, RRGB has been trading -15.04% off suggested target high and 30.16% from its likely low.

Red Robin Gourmet Burgers Inc. (RRGB) estimates and forecasts

Looking at statistics comparing Red Robin Gourmet Burgers Inc. share performance against respective industry, we note that the company has outperformed competitors. Red Robin Gourmet Burgers Inc. (RRGB) shares are 57.44% up over the last 6 months, with its year-to-date growth rate higher than industry average at 47.24% against 15.30%. Revenue is forecast to grow 39.80% this quarter before falling -225.00% for the next one. The rating firms project that company’s revenue will grow 8.90% compared to the previous financial year.

Revenue forecast for the current quarter as set by 3 analysts is $289.01 million. Meanwhile, for the quarter ending Mar 2023, a total of 1 analyst(s) estimate revenue growth to $383.45 million.Earnings reports from the last fiscal year show that sales brought in $283.38 million and $395.55 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 2.00% before dropping -3.10% in the following quarter.

An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -34.20% for the past 5-year period. While 2023 is set for a -53.80% return in earnings, projections for the next 5 years are at 10.00% annually.

RRGB Dividends

Red Robin Gourmet Burgers Inc. has its next earnings report out between May 24 and May 29. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Red Robin Gourmet Burgers Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

Red Robin Gourmet Burgers Inc. (NASDAQ:RRGB)’s Major holders

Red Robin Gourmet Burgers Inc. insiders hold 4.85% of total outstanding shares, with institutional holders owning 66.71% of the shares at 70.11% float percentage. In total, 66.71% institutions holds shares in the company, led by American Century Companies, Inc. As of Sep 29, 2022, the company held over 1.92 million shares (or 12.06% of shares), all amounting to roughly $12.93 million.

The next major institution holding the largest number of shares is T. Rowe Price Investment Management, Inc. with 1.12 million shares, or about 7.05% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $7.56 million.

We also have American Century Small Cap Value Fund and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Red Robin Gourmet Burgers Inc. (RRGB) shares. Going by data provided on Sep 29, 2022, American Century Small Cap Value Fund holds roughly 1.53 million shares. This is just over 9.63% of the total shares, with a market valuation of $10.32 million. Data from the same date shows that the other fund manager holds a little less at 0.59 million, or 3.69% of the shares, all valued at about 3.95 million.

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