During the last session, Red Robin Gourmet Burgers Inc. (NASDAQ:RRGB)’s traded shares were 1.46 million, with the beta value of the company hitting 2.85. At the end of the trading day, the stock’s price was $14.64, reflecting an intraday gain of 1.31% or $0.19. The 52-week high for the RRGB share is $15.89, that puts it down -8.54 from that peak though still a striking 63.46% gain since the share price plummeted to a 52-week low of $5.35. The company’s market capitalization is $234.09M, and the average intraday trading volume over the past 10 days was 0.4 million shares, and the average trade volume was 398.17K shares over the past three months.
Red Robin Gourmet Burgers Inc. (RRGB) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.70. RRGB has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.44.
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Red Robin Gourmet Burgers Inc. (NASDAQ:RRGB) trade information
Red Robin Gourmet Burgers Inc. (RRGB) registered a 1.31% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.31% in intraday trading to $14.64 this Thursday, 05/25/23, hitting a weekly high. The stock’s 5-day price performance is 5.63%, and it has moved by 15.18% in 30 days. Based on these gigs, the overall price performance for the year is 101.65%. The short interest in Red Robin Gourmet Burgers Inc. (NASDAQ:RRGB) is 2.7 million shares and it means that shorts have 11.07 day(s) to cover.
The consensus price target of analysts on Wall Street is $18.50, which implies an increase of 20.86% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $15.00 and $22.00 respectively. As a result, RRGB is trading at a discount of -50.27% off the target high and -2.46% off the low.
Red Robin Gourmet Burgers Inc. (RRGB) estimates and forecasts
Statistics show that Red Robin Gourmet Burgers Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Red Robin Gourmet Burgers Inc. (RRGB) shares have gone up 75.54% during the last six months, with a year-to-date growth rate more than the industry average at 46.63% against 11.00. Yet analysts are ramping up their growth forecast for the fiscal year 2023. Revenue is predicted to grow 41.30% this quarter and then jump 44.70% in the quarter after that. In the rating firms’ projections, revenue will increase 1.90% compared to the previous financial year.
Revenue for the current quarter is expected to be $293.2 million as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to $285.82 million by the end of Sep 2023. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $294.09 million and $282.11 million respectively. In this case, analysts expect current quarter sales to shrink by -0.30% and then jump by 1.30% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -34.20%. While earnings are projected to return -53.80% in 2023, the next five years will return 10.00% per annum.
Red Robin Gourmet Burgers Inc. is due to release its next quarterly earnings between August 08 and August 14. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Red Robin Gourmet Burgers Inc. (NASDAQ:RRGB)’s Major holders
Red Robin Gourmet Burgers Inc. insiders own 3.40% of total outstanding shares while institutional holders control 66.01%, with the float percentage being 68.33%. Archon Capital Management LLC is the largest shareholder of the company, while 93 institutions own stock in it. As of Mar 30, 2023, the company held over 1.15 million shares (or 7.22% of all shares), a total value of $16.52 million in shares.
The next largest institutional holding, with 1.12 million shares, is of T. Rowe Price Investment Management, Inc.’s that is approximately 7.02% of outstanding shares. At the market price on Mar 30, 2023, these shares were valued at $16.08 million.
Also, the Mutual Funds coming in first place with the largest holdings of Red Robin Gourmet Burgers Inc. (RRGB) shares are American Century Small Cap Value Fund and Vanguard Total Stock Market Index Fund. Data provided on Dec 30, 2022 indicates that American Century Small Cap Value Fund owns about 1.53 million shares. This amounts to just over 9.59 percent of the company’s overall shares, with a $8.56 million market value. The same data shows that the other fund manager holds slightly less at 0.59 million, or about 3.67% of the stock, which is worth about $3.28 million.