Red Robin Gourmet Burgers Inc (NASDAQ:RRGB)’s traded shares stood at 0.43 million during the last session, with the company’s beta value hitting 2.75. At the close of trading, the stock’s price was $4.80, to imply an increase of 5.49% or $0.25 in intraday trading. The RRGB share’s 52-week high remains $12.80, putting it -166.67% down since that peak but still an impressive 38.12% since price per share fell to its 52-week low of $2.97. The company has a valuation of $75.60M, with an average of 0.49 million shares in intraday trading volume over the past 10 days and average of 585.57K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Red Robin Gourmet Burgers Inc (RRGB), translating to a mean rating of 1.80. Of 2 analyst(s) looking at the stock, 0 analyst(s) give RRGB a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 2 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 -0.96.
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Red Robin Gourmet Burgers Inc (NASDAQ:RRGB) trade information
After registering a 5.49% upside in the last session, Red Robin Gourmet Burgers Inc (RRGB) has traded red over the past five days. The 5-day price performance for the stock is 9.34%, and 46.79% over 30 days. With these gigs, the year-to-date price performance is -61.51%. Short interest in Red Robin Gourmet Burgers Inc (NASDAQ:RRGB) saw shorts transact 2.35 million shares and set a 3.07 days time to cover.
The extremes give us $7.5 and $17 for target low and target high price respectively. As such, RRGB has been trading -254.17% off suggested target high and -56.25% 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 underperformed competitors. Red Robin Gourmet Burgers Inc (RRGB) shares are -24.29% down over the last 6 months, with its year-to-date growth rate lower than industry average at -64.58% against 2.80%. Revenue is forecast to shrink -21.50% this quarter before jumping 56.10% for the next one. The rating firms project that company’s revenue will shrink -4.40% compared to the previous financial year.
Revenue forecast for the current quarter as set by 5 analysts is 269.44M. Meanwhile, for the current quarter, a total of 5 analyst(s) estimate revenue growth to 287.08M.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -22.07% for the past 5-year period. While 2024 is set for a -68.19% 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 on 2024-Oct-30. 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 (NASDAQ:RRGB)’s Major holders
Red Robin Gourmet Burgers Inc insiders hold 6.24% of total outstanding shares, with institutional holders owning 69.89% of the shares at 74.54% float percentage. In total, 69.89% institutions holds shares in the company, led by ARCHON CAPITAL MANAGEMENT LLC. As of 2024-06-30, the company held over 1.19 million shares (or 7.6329% of shares), all amounting to roughly $8.99 million.
The next major institution holding the largest number of shares is FIRST EAGLE INVESTMENT MANAGEMENT, LLC with 1.01 million shares, or about 6.4738% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $7.62 million.
