Red Robin Gourmet Burgers Inc (NASDAQ:RRGB) price on Friday, June 13, fall -9.85% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $4.85.
A look at the stock’s price movement, the close in the last trading session was $5.38. Turning to its 52-week performance, $8.18 and $2.50 were the 52-week high and 52-week low respectively. Overall, RRGB moved 59.02% over the past month.
Red Robin Gourmet Burgers Inc’s market cap currently stands at around $86.02 million, with investors looking forward to this quarter’s earnings report slated for in July.
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 4.26% and 34.98% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 52.61, while 7-day volatility ratio is 2.94% and 12.82% in the 30-day chart. Further, Red Robin Gourmet Burgers Inc (RRGB) has a beta value of 2.41, and an average true range (ATR) of 0.56. 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 -54.64% off current price level while to achieve the yearly target high, price needs to move -250.52%. Nonetheless, investors will most likely welcome a -193.81% 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 944.68K over the past 3 months. The company’s latest data on shares outstanding shows there are 17.74 million shares.
The 16.08% of Red Robin Gourmet Burgers Inc’s shares are in the hands of company insiders while institutional holders own 49.45% of the company’s shares. Current price change has pushed the stock -11.66% 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.
