In recent trading session, Red Robin Gourmet Burgers Inc (NASDAQ:RRGB) saw 0.56 million shares changing hands at last check today with its beta currently measuring 2.74. Company’s recent per share price level of $5.11 trading at -$1.01 or -16.58% at last check today assigns it a market valuation of $80.42M. That most recent trading price of RRGB’s stock is at a discount of -150.49% from its 52-week high price of $12.80 and is indicating a premium of 41.88% from its 52-week low price of $2.97. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.25 million shares which gives us an average trading volume of 575.96K if we extend that period to 3-months.
For Red Robin Gourmet Burgers Inc (RRGB), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.80. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.96 in the current quarter.
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Red Robin Gourmet Burgers Inc (NASDAQ:RRGB) trade information
Upright in the red during last session for losing -16.58%, in the last five days RRGB remained trading in the red while hitting it’s week-highest on Wednesday, 11/06/24 when the stock touched $5.11 price level, adding 20.03% to its value on the day. Red Robin Gourmet Burgers Inc’s shares saw a change of -59.06% in year-to-date performance and have moved -10.60% in past 5-day. Red Robin Gourmet Burgers Inc (NASDAQ:RRGB) showed a performance of 7.02% in past 30-days. Number of shares sold short was 2.8 million shares which calculate 4.89 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 14.25 to the stock, which implies a rise of 64.14% to its recent value today. Analysts have been projecting 7.5 as a low price target for the stock while placing it at a high target of 17. It follows that stock’s current price would drop -46.77% in reaching the projected high whereas dropping to the targeted low would mean a loss of -46.77% for stock’s current value.
Red Robin Gourmet Burgers Inc (RRGB) estimates and forecasts
Statistics highlight that Red Robin Gourmet Burgers Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -34.72% of value to its shares in past 6 months, showing an annual growth rate of -64.58% while that of industry is 2.70. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -4.40% from the last financial year’s standing.
5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 274.64M for the same. And 5 analysts are in estimates of company making revenue of 285.62M in the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -22.07% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -88.06% while estimates for its earnings growth in next 5 years are of 10.00%.
Red Robin Gourmet Burgers Inc (NASDAQ:RRGB)’s Major holders
Insiders are in possession of 11.01% of company’s total shares while institution are holding 80.14 percent of that, with stock having share float percentage of 90.06%. Investors also watch the number of corporate investors in a company very closely, which is 80.14% institutions for Red Robin Gourmet Burgers Inc that are currently holding shares of the company. ARCHON CAPITAL MANAGEMENT LLC is the top institutional holder at RRGB for having 1.19 million shares of worth $8.99 million. And as of 2024-06-30, it was holding 7.6329 of the company’s outstanding shares.
The second largest institutional holder is FIRST EAGLE INVESTMENT MANAGEMENT, LLC, which was holding about 1.01 million shares on 2024-06-30. The number of shares represents firm’s hold over 6.4738 of outstanding shares, having a total worth of $7.62 million.
