In the last trading session, 1.07 million Red Robin Gourmet Burgers Inc (NASDAQ:RRGB) shares changed hands as the company’s beta touched 2.67. With the company’s per share price at $5.52 changed hands at $0.26 or 4.94% during last session, the market valuation stood at $87.09M. RRGB’s last price was a discount, traded about -131.88% off its 52-week high of $12.80. The share price had its 52-week low at $2.97, which suggests the last value was 46.2% up since then. When we look at Red Robin Gourmet Burgers Inc’s average trading volume, we note the 10-day average is 0.25 million shares, with the 3-month average coming to 459.47K.
Analysts gave the Red Robin Gourmet Burgers Inc (RRGB) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.80. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended RRGB as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Red Robin Gourmet Burgers Inc’s EPS for the current quarter is expected to be -0.5.
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Red Robin Gourmet Burgers Inc (NASDAQ:RRGB) trade information
Instantly RRGB was in green as seen at the end of in last trading. With action 0.82%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -55.73%, with the 5-day performance at 0.82% in the green. However, in the 30-day time frame, Red Robin Gourmet Burgers Inc (NASDAQ:RRGB) is -6.91% down. Looking at the short shares, we see there were 2.23 million shares sold at short interest cover period of 5.97 days.
The consensus price target for the stock as assigned by Wall Street analysts is 14.25, meaning bulls need an upside of 61.26% from its current market value. According to analyst projections, RRGB’s forecast low is 7.5 with 17 as the target high. To hit the forecast high, the stock’s price needs a -207.97% plunge from its current level, while the stock would need to soar -35.87% for it to hit the projected low.
Red Robin Gourmet Burgers Inc (RRGB) estimates and forecasts
Data shows that the Red Robin Gourmet Burgers Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -32.85% over the past 6 months, a -100.69% in annual growth rate that is considerably lower than the industry average of 0.50%. Year-over-year growth is forecast to reach -4.63% down from the last financial year.
Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of 279.32M. 3 analysts are of the opinion that Red Robin Gourmet Burgers Inc’s revenue for the current quarter will be 396.41M. The company’s revenue for the corresponding quarters a year ago was 309.02M and 388.54M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -9.61%. The estimates for the next quarter sales put growth at 2.03%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -22.07%. The 2024 estimates are for Red Robin Gourmet Burgers Inc earnings to decrease by -94.44%, but the outlook for the next 5-year period is at 10.00% per year.
RRGB Dividends
Red Robin Gourmet Burgers Inc is expected to release its next quarterly earnings report in January.
Red Robin Gourmet Burgers Inc (NASDAQ:RRGB)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 11.24% of Red Robin Gourmet Burgers Inc shares while 59.96% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 67.55%. There are 59.96% institutions holding the Red Robin Gourmet Burgers Inc stock share, with ARCHON CAPITAL MANAGEMENT LLC the top institutional holder. As of 2024-06-30, the company held 7.6329% of the shares, roughly 1.19 million RRGB shares worth $8.99 million.
FIRST EAGLE INVESTMENT MANAGEMENT, LLC holds the second largest percentage of outstanding shares, with 6.4738% or 1.01 million shares worth $7.62 million as of 2024-06-30.
