Currently, Red Robin Gourmet Burgers Inc [RRGB] is trading at $6.32, up 7.12%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The RRGB shares have gain 14.08% over the last week, with a monthly amount glided 19.02%, and seem to be holding up well over a long-time horizon.
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.
This stock has fluctuated between a low of $2.97 and a high of $11.03 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $11.5 within the next 12 months. Red Robin Gourmet Burgers Inc [NASDAQ: RRGB] shares were valued at $6.32 at the most recent close of the market. An investor can expect a potential return of 81.96% 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 -10.98.
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 6.00 points at the first support level, and at 5.68 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.51, and for the 2nd resistance point, it is at 6.71.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Red Robin Gourmet Burgers Inc [NASDAQ:RRGB] is 0.44. As well, the Quick Ratio is 0.29, while the Cash Ratio is 0.12. Considering the valuation of this stock, the price to sales ratio is 0.09.
Transactions by insiders
Recent insider trading involved Jumana Capital Investments LLC, that happened on Dec 03 ’24 when 0.8 million shares were purchased. 10% Owner, JCP Investment Management, LLC completed a deal on Dec 03 ’24 to buy 0.8 million shares. Meanwhile, Jumana Capital Investments LLC bought 45000.0 shares on Nov 07 ’24.
