The Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) is going up by 3.54% in today’s trading session, a rise equivalent to 1.19% of the stock’s price from yesterday’s market close. A news came out on 08/16/19 stating that Red Robin Gourmet Burgers, Inc. to Release Second Quarter 2019 Results on August 23, 2019 by WSJ. The lowest point that the shares touched during the trading session was $32.63, while the peak of the day was recorded at a share price of $33.63. RRGB finished the previous session at $33.60 according to the data provided by Barchart, while the trading volume was observed to be $695,568.
In the 100 days of trading, RRGB managed to top a 31.27% Moving average. Additionally, Red Robin Gourmet Burgers, Inc. shares have achieved a 52-week range between 24.57 and 42.50 alongside 100 days raw stochastic set at 90.45%.
The number of shares outstanding, according to the fundamentals of the company, is set at 12.97M, equal to the value of $435.69M in market capitalization. Financial analysts indicate that RRGB shares should be still ranked as a “Hold”. In the last 30 days, Red Robin Gourmet Burgers, Inc. shares went down by -1.50%, adding 35.33 to growth in value, on top of a +15.54% boost since 07/22/19.
Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) Analyst’s Estimates
Red Robin Gourmet Burgers, Inc. (RRGB) could record at least $0.31 per share in quarterly earnings in the upcoming report on 08/23/2019, a number that would actually represent a decrease of -6.49% YOY.
According to the average analyst rating, Red Robin Gourmet Burgers, Inc. would be rated as 2.73. Out of 11 different analysts monitoring RRGB stock, 1 analysts rate the stock as a BUY, 9 suggest to give the rating of HOLD, 1 indicate that RRGB is an OUTPERFORM, 0 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERPERFORM.
On Aug-07-19, the stock earned a Reiterated rating due to a new analyst call from Maxim Group, while analysts from Maxim Group believe that the stock is set at Buy from Hold, as concluded on Jun-14-19. Maxim Group, is still rather wary about the stock, deciding to keep the rating at Hold as confirmed through a call on May-16-19.
Regardless of the rating, Maxim Group did decrease their price from $29 to $25 as they are considering target share price analysis. BofA/Merrill, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on Apr-04-19, giving the stock a Neutral from the Buy rating.
RRGB Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +13.24% has been attained, while the operating margin has been recorded at +2.30%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at -0.73%. Beta value of the stock is recorded at 1.24. Additionally, Red Robin Gourmet Burgers, Inc. is recording price volatility of 4.32% for the period of the last seven days and 3.94% in the last 30 days.
Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) Technical Outlook
For the period of the last 50 days, Red Robin Gourmet Burgers, Inc. had its Raw Stochastic average set at 84.23% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 97.50%. Stochastic %K for Red Robin Gourmet Burgers, Inc., with the last 20 days included, was set at 74.60%, having Stochastic %D topping 55.55%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be discouraging for Red Robin Gourmet Burgers, Inc. stocks with recording -15.37% in metrics.
Red Robin Gourmet Burgers, Inc. Insider Watch:
As far as the position of shares issued by Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) for the period concluded at the market close of 08/21/19, 64 institutional investors increased their positions in RRGB shares by 1,533,896, 70 decreased positions by 2,979,956 and 22 institutional investors decided to hold positions at 9,812,673. These numbers put the complete list of institutional holdings set at 14,326,525 shares, in accordance with filings submitted to the Securities and Exchange Commission. The stock had another 20 institutional investments with 418,530 new shares in addition to having 27 institutional investors selling their positions in 1,075,916 shares.