Red Robin Gourmet Burgers Inc [RRGB] stock is trading at $6.43, up 6.01%. 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 19.17% over the last week, with a monthly amount glided 63.32%, and 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 August 23, 2024, when Lake Street reiterated its Buy rating and also revised its price target to $16 from $17. Previously, Lake Street started tracking the stock with Buy rating on April 30, 2024, and set its price target to $16. On April 25, 2024, Craig Hallum initiated with a Buy rating and assigned a price target of $20 on the stock. The Benchmark Company upgraded its rating to a Buy but stick to its price target of $14 on March 01, 2023. Jefferies downgraded its rating to a Hold and reduced its price target to $7.50 on December 21, 2022. In a note dated August 11, 2022, The Benchmark Company downgraded an Hold rating on this stock.
Red Robin Gourmet Burgers Inc [RRGB] stock has fluctuated between $2.97 and $12.80 over the past year. Currently, Wall Street analysts expect the stock to reach $13.25 within the next 12 months. Red Robin Gourmet Burgers Inc [NASDAQ: RRGB] shares were valued at $6.43 at the most recent close of the market. An investor can expect a potential return of 106.07% based on the average RRGB price forecast.
Analyzing the RRGB fundamentals
Red Robin Gourmet Burgers Inc [NASDAQ:RRGB] reported sales of 1.28B for the trailing twelve months, which represents a growth of 0.50%. Gross Profit Margin for this corporation currently stands at 0.14% with Operating Profit Margin at -0.01%, Pretax Profit Margin comes in at -0.03%, and Net Profit Margin reading is -0.03%. To continue investigating profitability, this company’s Return on Assets is posted at -0.06, Equity is 1.72 and Total Capital is -0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-5.86.
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 6.23 points at the first support level, and at 6.03 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.66, and for the 2nd resistance point, it is at 6.88.
Ratios To Look Out For
For context, Red Robin Gourmet Burgers Inc’s Current Ratio is 0.45. Also, the Quick Ratio is 0.30, while the Cash Ratio stands at 0.16. Considering the valuation of this stock, the price to sales ratio is 0.08.
Transactions by insiders
Recent insider trading involved Jumana Capital Investments LLC, that happened on Oct 16 ’24 when 36868.0 shares were purchased., Jumana Capital Investments LLC completed a deal on Oct 15 ’24 to buy 893.0 shares. Meanwhile, JCP Investment Management, LLC bought 76868.0 shares on Oct 16 ’24.
