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

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Red Robin Gourmet Burgers in the last year. There are currently 3 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.

4 brokerages have issued 1-year target prices for Red Robin Gourmet Burgers' stock. Their RRGB share price forecasts range from $18.00 to $18.00. On average, they anticipate the company's share price to reach $18.00 in the next year. This suggests a possible upside of 31.3% from the stock's current price.
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Red Robin Gourmet Burgers' stock was trading at $5.58 at the beginning of 2023. Since then, RRGB stock has increased by 145.7% and is now trading at $13.71.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 25th 2023.
View our RRGB earnings forecast.

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) announced its earnings results on Wednesday, November, 10th. The restaurant operator reported ($0.88) 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 the consensus estimate of $277.95 million. Red Robin Gourmet Burgers had a negative net margin of 6.14% and a negative trailing twelve-month return on equity of 105.56%. During the same quarter in the previous year, the company earned ($0.19) earnings per share.

Red Robin Gourmet Burgers updated its FY 2023 earnings guidance on Tuesday, February, 28th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.30 billion-$1.30 billion, compared to the consensus revenue estimate of $1.30 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 many different retail and institutional investors. Top institutional investors include American Century Companies Inc. (12.28%), T. Rowe Price Investment Management Inc. (7.06%), Soviero Asset Management LP (6.39%), Pacific Ridge Capital Partners LLC (2.68%), Charles Schwab Investment Management Inc. (1.95%) and Renaissance Technologies LLC (1.59%). 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 $13.71.

Red Robin Gourmet Burgers (NASDAQ:RRGB) has a market capitalization of $219.22 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 ($4.90) 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.