A share price of Red Robin Gourmet Burgers Inc [RRGB] is currently trading at $5.28, up 1.05%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The RRGB shares have gain 4.87% over the last week, with a monthly amount drifted -18.03%, 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 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 experienced fluctuations in its stock price throughout the past year between $2.97 and $12.80. 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 $5.28 at the most recent close of the market. An investor can expect a potential return of 150.95% 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 -1.05% decline. Gross Profit Margin for this corporation currently stands at 0.09% with Operating Profit Margin at -0.02%, Pretax Profit Margin comes in at -0.04%, and Net Profit Margin reading is -0.04%. To continue investigating profitability, this company’s Return on Assets is posted at -0.08, Equity is 1.48 and Total Capital is -0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -3.39.
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 5.12 points at the first support level, and at 4.96 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.46, and for the 2nd resistance point, it is at 5.64.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Red Robin Gourmet Burgers Inc [NASDAQ:RRGB] is 0.44. In addition, the Quick Ratio stands at 0.29 and the Cash Ratio stands at 0.12. Considering the valuation of this stock, the price to sales ratio is 0.07.
Transactions by insiders
Recent insider trading involved Jumana Capital Investments LLC,, that happened on Nov 07 ’24 when 45000.0 shares were purchased., Jumana Capital Investments LLC completed a deal on Nov 05 ’24 to buy 250.0 shares. Meanwhile, JCP Investment Management, LLC bought 45000.0 shares on Nov 07 ’24.
