Red Robin Gourmet Burgers Stock Forecast, Price & News

Red Robin Gourmet Burgers' stock was trading at $11.37 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, RRGB stock has increased by 18.6% and is now trading at $13.48.
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7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Red Robin Gourmet Burgers in the last year. There are currently 1 sell rating, 5 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
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Red Robin Gourmet Burgers is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020.
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Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) announced its quarterly earnings results on Tuesday, August, 11th. The restaurant operator reported ($3.31) earnings per share for the quarter, missing the consensus estimate of ($3.27) by $0.04. The restaurant operator earned $161.12 million during the quarter, compared to analyst estimates of $166.02 million. Red Robin Gourmet Burgers had a negative net margin of 22.56% and a negative return on equity of 52.03%. Red Robin Gourmet Burgers's quarterly revenue was down 47.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.03 EPS.
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7 equities research analysts have issued twelve-month price objectives for Red Robin Gourmet Burgers' shares. Their forecasts range from $10.00 to $42.00. On average, they expect Red Robin Gourmet Burgers' share price to reach $20.83 in the next year. This suggests a possible upside of 54.5% from the stock's current price.
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Red Robin Gourmet Burgers saw a decrease in short interest during the month of September. As of September 15th, there was short interest totaling 3,840,000 shares, a decrease of 14.5% from the August 31st total of 4,490,000 shares. Based on an average trading volume of 1,240,000 shares, the days-to-cover ratio is presently 3.1 days.
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Some companies that are related to Red Robin Gourmet Burgers include McDonald's (MCD), Starbucks (SBUX), Chipotle Mexican Grill (CMG), Yum! Brands (YUM), Domino's Pizza (DPZ), Darden Restaurants (DRI), Dunkin' Brands Group (DNKN), Wendys (WEN), Texas Roadhouse (TXRH), Cracker Barrel Old Country Store (CBRL), Papa John's International (PZZA), Brinker International (EAT), Jack in the Box (JACK), Bloomin' Brands (BLMN) and The Cheesecake Factory (CAKE).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Red Robin Gourmet Burgers investors own include Rite Aid (RAD), AT&T (T), Energy Transfer (ET), Carnival Co. & (CCL), Ford Motor (F), Starbucks (SBUX), CVS Health (CVS), The Walt Disney (DIS), General Electric (GE) and QUALCOMM (QCOM).

Red Robin Gourmet Burgers trades on the NASDAQ under the ticker symbol "RRGB."

Red Robin Gourmet Burgers' stock is owned by a variety of retail and institutional investors. Top institutional investors include State of Alaska Department of Revenue (0.09%). Company insiders that own Red Robin Gourmet Burgers stock include David Pace, Gerard Johan Hart, Glenn B Kaufman, Jonathan A Muhtar, Paul J B Murphy III, Steve Lumpkin, Stuart I Oran and Vintage Capital Management Llc.
View institutional ownership trends for Red Robin Gourmet Burgers.

RRGB stock was purchased by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue. Company insiders that have bought Red Robin Gourmet Burgers stock in the last two years include David Pace, Gerard Johan Hart, Glenn B Kaufman, Jonathan A Muhtar, Paul J B Murphy III, Steve Lumpkin, and Vintage Capital Management Llc.
View insider buying and selling activity for Red Robin Gourmet Burgers.

Shares of RRGB can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of RRGB stock can currently be purchased for approximately $13.48.

Red Robin Gourmet Burgers has a market capitalization of $209.49 million and generates $1.32 billion in revenue each year. The restaurant operator earns $-7,900,000.00 in net income (profit) each year or $0.62 on an earnings per share basis. Red Robin Gourmet Burgers employs 24,586 workers across the globe.

The official website for Red Robin Gourmet Burgers is www.redrobin.com.

Red Robin Gourmet Burgers' mailing address is 6312 S. Fiddlers Green Circle Suite 200N, Greenwood Village CO, 80111. The restaurant operator can be reached via phone at 303-846-6000 or via email at [email protected]