During the last session, Red Robin Gourmet Burgers Inc (NASDAQ:RRGB)’s traded shares were 0.35 million, with the beta value of the company hitting 2.40. At the end of the trading day, the stock’s price was $4.52, reflecting an intraday loss of -2.16% or -$0.1. The 52-week high for the RRGB share is $9.20, that puts it down -103.54 from that peak though still a striking 34.29% gain since the share price plummeted to a 52-week low of $2.97. The company’s market capitalization is $78.95M, and the average trade volume was 363.01K shares over the past three months.
Red Robin Gourmet Burgers Inc (RRGB) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.60. RRGB has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 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 -0.51.
Red Robin Gourmet Burgers Inc (NASDAQ:RRGB) trade information
Red Robin Gourmet Burgers Inc (RRGB) registered a -2.16% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.16% in intraday trading to $4.52, hitting a weekly high. The stock’s 5-day price performance is -19.72%, and it has moved by -22.60% in 30 days. Based on these gigs, the overall price performance for the year is -38.25%.
The consensus price target of analysts on Wall Street is $14.25, which implies an increase of 68.28% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $7.5 and $17 respectively. As a result, RRGB is trading at a discount of -276.11% off the target high and -65.93% off the low.
Red Robin Gourmet Burgers Inc (RRGB) estimates and forecasts
In the rating firms’ projections, revenue will decrease -1.28% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 388.55M as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 293.57M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 388.54M and 300.15M respectively.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -51.88%. While earnings are projected to return 51.32% in 2025.
RRGB Dividends
Red Robin Gourmet Burgers Inc is due to release its next quarterly earnings in April. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
The next largest institutional holding, with 1.01 million shares, is of FIRST EAGLE INVESTMENT MANAGEMENT, LLC’s that is approximately 6.4738% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $7.62 million.
Also, the Mutual Funds coming in first place with the largest holdings of Red Robin Gourmet Burgers Inc (RRGB) shares are Vanguard Total Stock Market Index Fund and RBB Fund Inc.-Adara Smaller Companies Fund . Data provided on Sep 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 492.94 shares. This amounts to just over 2.82 percent of the company’s overall shares, with a $2.23 million market value. The same data shows that the other fund manager holds slightly less at 410.38, or about 2.35% of the stock, which is worth about $1.85 million.
