A share price of Red Robin Gourmet Burgers Inc [RRGB] is currently trading at $5.05, up 3.91%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The RRGB shares have gain 7.45% over the last week, with a monthly amount drifted -16.94%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Red Robin Gourmet Burgers Inc [NASDAQ: RRGB] stock has seen the most recent analyst activity on April 30, 2024, when Lake Street initiated its Buy rating and assigned the stock a price target of $16. Previously, Craig Hallum started tracking the stock with Buy rating on April 25, 2024, and set its price target to $20. On March 01, 2023, upgrade upgraded it’s rating to Buy but maintained its price target of $14 on the stock. Jefferies downgraded its rating to a Hold and decreased its price target to $7.50 on December 21, 2022. The Benchmark Company downgraded its rating to Hold for this stock on August 11, 2022. In a note dated April 18, 2022, Raymond James downgraded an Mkt Perform rating on this stock.
Red Robin Gourmet Burgers Inc experienced fluctuations in its stock price throughout the past year between $4.50 and $12.80. Currently, Wall Street analysts expect the stock to reach $14.13 within the next 12 months. Red Robin Gourmet Burgers Inc [NASDAQ: RRGB] shares were valued at $5.05 at the most recent close of the market. An investor can expect a potential return of 179.8% based on the average RRGB price forecast.
Analyzing the RRGB fundamentals
Trailing Twelve Months sales for Red Robin Gourmet Burgers Inc [NASDAQ:RRGB] were 1.27B which represents -7.04% decline. Gross Profit Margin for this corporation currently stands at 0.19% with Operating Profit Margin at -0.0%, Pretax Profit Margin comes in at -0.02%, and Net Profit Margin reading is -0.02%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is 1.99 and Total Capital is -0.0. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -7.35.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 4.90 points at the first support level, and at 4.74 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.15, and for the 2nd resistance point, it is at 5.25.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Red Robin Gourmet Burgers Inc [NASDAQ:RRGB] is 0.47. Also, the Quick Ratio is 0.33, while the Cash Ratio stands at 0.2. Considering the valuation of this stock, the price to sales ratio is 0.06.
Transactions by insiders
Recent insider trading involved Archon Capital Management LLC, 10% Owner, that happened on May 16 ’24 when 0.14 million shares were sold. 10% Owner, Archon Capital Management LLC completed a deal on May 17 ’24 to sell 0.1 million shares. Meanwhile, 10% Owner Archon Capital Management LLC sold 77000.0 shares on May 15 ’24.
