Several analysts have recently updated their ratings and price targets for Red Robin Gourmet Burgers (NASDAQ: RRGB):
- 8/23/2024 – Red Robin Gourmet Burgers had its price target lowered by analysts at Lake Street Capital from $17.00 to $16.00. They now have a “buy” rating on the stock.
- 8/23/2024 – Red Robin Gourmet Burgers had its price target lowered by analysts at Craig Hallum from $15.00 to $11.50. They now have a “buy” rating on the stock.
- 8/20/2024 – Red Robin Gourmet Burgers had its price target lowered by analysts at Benchmark Co. from $18.00 to $16.00. They now have a “buy” rating on the stock.
- 8/14/2024 – Red Robin Gourmet Burgers had its price target lowered by analysts at Craig Hallum from $20.00 to $15.00. They now have a “buy” rating on the stock.
Red Robin Gourmet Burgers Price Performance
NASDAQ RRGB traded down $0.38 on Wednesday, reaching $3.49. 1,140,954 shares of the company’s stock traded hands, compared to its average volume of 411,968. Red Robin Gourmet Burgers, Inc. has a 12 month low of $3.47 and a 12 month high of $12.80. The stock has a market cap of $54.74 million, a PE ratio of -1.98 and a beta of 2.75. The stock has a 50-day simple moving average of $5.93 and a 200 day simple moving average of $6.94.
Red Robin Gourmet Burgers (NASDAQ:RRGB – Get Free Report) last released its quarterly earnings results on Thursday, August 22nd. The restaurant operator reported ($0.48) earnings per share for the quarter, missing the consensus estimate of ($0.41) by ($0.07). The company had revenue of $300.15 million for the quarter, compared to analyst estimates of $295.57 million. During the same quarter in the prior year, the business posted ($0.24) EPS. As a group, analysts anticipate that Red Robin Gourmet Burgers, Inc. will post -1.79 EPS for the current year.
Institutional Inflows and Outflows
Red Robin Gourmet Burgers, Inc, together with its subsidiaries, develops, operates, and franchises casual-dining restaurants, in North America and one Canadian province. Its restaurants primarily offer burgers and pizza, appetizers, salads, soups, other entrees, desserts, wings, milkshakes, alcoholic and non-alcoholic specialty drinks, cocktails, wine, and beers.
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