Red Robin Gourmet Burgers - RRGB Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Red Robin Gourmet Burgers in the last twelve months. There are currently 2 hold ratings for the stock. The consensus among Wall Street 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.
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2 brokerages have issued 12-month price targets for Red Robin Gourmet Burgers' shares. Their RRGB share price forecasts range from $25.00 to $25.00. On average, they anticipate the company's stock price to reach $25.00 in the next twelve months. This suggests a possible upside of 206.4% from the stock's current price.
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Red Robin Gourmet Burgers' stock was trading at $16.53 at the beginning of the year. Since then, RRGB shares have decreased by 50.6% and is now trading at $8.16.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, March 9th 2023.
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Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) posted its earnings results on Wednesday, November, 10th. The restaurant operator reported ($0.88) earnings per share 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 analyst estimates of $277.95 million. Red Robin Gourmet Burgers had a negative net margin of 4.36% and a negative trailing twelve-month return on equity of 69.45%. During the same quarter in the previous year, the business posted ($0.19) earnings per share.

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 institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (5.49%), Rutabaga Capital Management LLC MA (4.34%), Smith Graham & Co. Investment Advisors LP (2.83%), BlackRock Inc. (1.81%), Dimensional Fund Advisors LP (1.62%) and Renaissance Technologies LLC (1.47%). Insiders that own company stock include Gerard Johan Hart, Glenn B Kaufman, Jonathan A Muhtar, Kristi A Belhumeur, Lynn S Schweinfurth, Michael Buchmeier, Paul J B Murphy III, Steve Lumpkin, Stuart I Oran, 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 $8.16.

Red Robin Gourmet Burgers (NASDAQ:RRGB) has a market capitalization of $129.99 million and generates $1.16 billion in revenue each year. The restaurant operator earns $-50,000,000.00 in net income (profit) each year or ($3.48) on an earnings per share basis.

The company employs 22,483 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.