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 analysts have issued 12-month target prices for Red Robin Gourmet Burgers' stock. Their RRGB share price forecasts range from $18.00 to $18.00. On average, they predict the company's stock price to reach $18.00 in the next year. This suggests a possible upside of 42.4% 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 beginning of 2023. Since then, RRGB stock has increased by 126.5% and is now trading at $12.64.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 9th 2023.
View our RRGB earnings forecast.

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) released its quarterly earnings data on Wednesday, November, 10th. The restaurant operator reported ($0.88) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.53) by $0.35. The restaurant operator earned $275.44 million during the quarter, compared to analysts' expectations of $277.95 million. Red Robin Gourmet Burgers had a negative net margin of 6.04% and a negative trailing twelve-month return on equity of 148.20%. During the same period in the previous year, the firm posted ($0.19) EPS.

Red Robin Gourmet Burgers issued an update on its FY 2023 earnings guidance on Saturday, May, 27th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.30B-, compared to the consensus revenue estimate of $1.29 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."

Red Robin Gourmet Burgers' stock is owned by a number of retail and institutional investors. Top institutional shareholders include American Century Companies Inc. (6.42%), Acuitas Investments LLC (2.01%), Renaissance Technologies LLC (1.74%), BlackRock Inc. (1.65%), Two Sigma Advisers LP (1.56%) and RK Capital Management LLC (1.39%). Insiders that own company stock include Geoffrey Wayne Davis, Gerard Johan Hart, Joshua Todd Wilson, Kristi A Belhumeur, Lynn S Schweinfurth, Michael Buchmeier, Paul J B Murphy III, Thomas G Conforti and Vintage Capital Management Llc.
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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 $12.64.

Red Robin Gourmet Burgers (NASDAQ:RRGB) has a market capitalization of $203.76 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 ($4.89) 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.