Red Robin Gourmet Burgers (RRGB) Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Red Robin Gourmet Burgers in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" RRGB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RRGB, but not buy additional shares or sell existing shares.
View RRGB analyst ratings or view top-rated stocks.

3 brokers have issued 12-month price targets for Red Robin Gourmet Burgers' shares. Their RRGB share price forecasts range from $9.00 to $22.00. On average, they anticipate the company's share price to reach $15.50 in the next twelve months. This suggests a possible upside of 106.1% from the stock's current price.
View analysts price targets for RRGB or view top-rated stocks among Wall Street analysts.

Red Robin Gourmet Burgers' stock was trading at $5.58 at the start of the year. Since then, RRGB stock has increased by 34.8% and is now trading at $7.52.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our RRGB earnings forecast.

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) posted its quarterly earnings results on Thursday, August, 17th. The restaurant operator reported ($0.24) EPS for the quarter, beating the consensus estimate of ($0.55) by $0.31. The restaurant operator had revenue of $298.65 million for the quarter, compared to the consensus estimate of $295.30 million. Red Robin Gourmet Burgers had a negative net margin of 4.32% and a negative trailing twelve-month return on equity of 232.98%.

AdvisorShares Restaurant ETF holds 8,500 shares of RRGB stock, representing 4.31% of its portfolio.

Red Robin Gourmet Burgers updated its FY 2023 earnings guidance on Thursday, August, 17th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.30B-, compared to the consensus revenue estimate of $1.31 billion.

116 employees have rated Red Robin Gourmet Burgers Chief Executive Officer Paul Murphy III on Glassdoor.com. Paul Murphy III has an approval rating of 56% among the company's employees. This puts Paul Murphy III in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

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), Walt Disney (DIS), General Electric (GE) and QUALCOMM (QCOM).

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

Shares of RRGB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of RRGB stock can currently be purchased for approximately $7.52.

Red Robin Gourmet Burgers (NASDAQ:RRGB) has a market capitalization of $119.79 million and generates $1.27 billion in revenue each year. The restaurant operator earns $-77,800,000.00 in net income (profit) each year or ($3.52) on an earnings per share basis.

The company employs 24,335 workers across the globe.

Red Robin Gourmet Burgers' mailing address is 6312 S. Fiddlers Green Circle Suite 200N, Greenwood Village CO, 80111. The official website for the company is www.redrobin.com. The restaurant operator can be reached via phone at (303) 846-6000, via email at investor@redrobin.com, or via fax at 303-846-6094.