While Red Robin Gourmet Burgers Inc has underperformed by -5.74%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, RRGB fell by -41.77%, with highs and lows ranging from $16.50 to $6.60, whereas the simple moving average fell by -40.10% in the last 200 days.
On March 01, 2023, The Benchmark Company Upgraded Red Robin Gourmet Burgers Inc (NASDAQ: RRGB) to Buy. A report published by Jefferies on December 21, 2022, Downgraded its rating to ‘Hold’ for RRGB. Raymond James April 18, 2022d its ‘Outperform’ rating to ‘Mkt Perform’ for RRGB, as published in its report on April 18, 2022. The Benchmark Company’s report from November 23, 2021 suggests a price prediction of $30 for RRGB shares, giving the stock a ‘Buy’ rating. Jefferies also rated the stock as ‘Buy’.
Analysis of Red Robin Gourmet Burgers Inc (RRGB)
Further, the quarter-over-quarter increase in sales is 6.53%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Red Robin Gourmet Burgers Inc’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -240.35% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.35, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and RRGB is recording an average volume of 220.63K. On a monthly basis, the volatility of the stock is set at 5.69%, whereas on a weekly basis, it is put at 4.38%, with a loss of -10.11% over the past seven days. Furthermore, long-term investors anticipate a median target price of $13.25, showing growth from the present price of $6.40, which can serve as yet another indication of whether RRGB is worth investing in or should be passed over.
How Do You Analyze Red Robin Gourmet Burgers Inc Shares?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 6.03%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 76.02% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
RRGB shares are owned by institutional investors to the tune of 76.02% at present.
