Red Robin Gourmet Burgers Inc (NASDAQ:RRGB) price on Thursday, February 27, rose 34.51% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $6.08.
A look at the stock’s price movement, the close in the last trading session was $4.52. Turning to its 52-week performance, $9.20 and $2.97 were the 52-week high and 52-week low respectively. Overall, RRGB moved -3.18% over the past month.
Red Robin Gourmet Burgers Inc’s market cap currently stands at around $105.74 million, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 388.25M for the company’s revenue for the quarter, with a low and high estimate of 386.74M and 390.1M respectively. The average forecast suggests down to a -0.07% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.24B, representing a -0.84% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that RRGB is a 50% Sell. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 2 recommend RRGB as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
RRGB’s current price about 14.52% and 11.10% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 62.75, while 7-day volatility ratio is 8.09% and 6.18% in the 30-day chart. Further, Red Robin Gourmet Burgers Inc (RRGB) has a beta value of 2.74, and an average true range (ATR) of 0.40. Analysts have given the company’s stock an average 52-week price target of $14.25, forecast between a low of $7.5 and high of $17. Looking at the price targets, the low is -23.36% off current price level while to achieve the yearly target high, price needs to move -179.61%. Nonetheless, investors will most likely welcome a -134.38% jump to $14.25 which is the analysts’ median price.
If we refocus on Red Robin Gourmet Burgers Inc (NASDAQ:RRGB), historical trading data shows that trading volumes averaged 289.04K over the past 3 months. The company’s latest data on shares outstanding shows there are 15.78 million shares.
The 12.45% of Red Robin Gourmet Burgers Inc’s shares are in the hands of company insiders while institutional holders own 43.92% of the company’s shares. Current price change has pushed the stock 10.75% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the RRGB stock continues to rise going into the next quarter.
