Red Robin Gourmet Burgers Inc (NASDAQ: RRGB) is -38.57% lower on its value in year-to-date trading and has touched a low of $6.11 and a high of $16.50 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The RRGB stock was last observed hovering at around $7.55 in the last trading session, with the day’s gains setting it 0.11%.
Currently trading at $7.66, the stock is 10.68% and -13.11% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.41 million and changing 1.46% at the moment leaves the stock -26.18% off its SMA200. RRGB registered -43.59% loss for a year compared to 6-month gain of -4.49%. The firm has a 50-day simple moving average (SMA 50) of $0.54 and a 200-day simple moving average (SMA200) of $9.83.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a -10.93% loss in the last 1 month and extending the period to 3 months gives it a -37.98%, and is 15.54% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.28% over the week and 5.98% over the month.
Red Robin Gourmet Burgers Inc (RRGB) has around 22516 employees, a market worth around $119.04M and $1.30B in sales. Profit margin for the company is -1.62%. Distance from 52-week low is 25.27% and -53.58% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.81%).
Red Robin Gourmet Burgers Inc quarterly earnings per share for the current quarter are estimated at -$0.11 with sales reaching $397.71M over the same period.The EPS is expected to grow by 9.03% this year, but quarterly earnings will post -3.70% year-over-year. Quarterly sales are estimated to shrink -1.90% in year-over-year returns.
121 institutions hold shares in Red Robin Gourmet Burgers Inc (RRGB), with institutional investors hold 90.25% of the company’s shares. The shares outstanding are 15.53M, and float is at 14.56M with Short Float at 19.02%. Institutions hold 82.55% of the Float.
The top institutional shareholder in the company is Archon Capital Management LLC with over 1.6 million shares valued at $22.16 million. The investor’s holdings represent 10.06% of the RRGB Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 1.03 million shares valued at $14.2 million to account for 6.45% of the shares outstanding. The other top investors are Blackrock Inc. which holds 1.01 million shares representing 6.34% and valued at over $13.96 million, while American Century Companies, Inc. holds 5.65% of the shares totaling 0.9 million with a market value of $12.44 million.
Red Robin Gourmet Burgers Inc (RRGB) Insider Activity
The most recent transaction is an insider purchase by Archon Capital Management LLC, the company’s 10% Owner. SEC filings show that Archon Capital Management LLC bought 6,000 shares of the company’s common stock on Oct 04 ’23 at a price of $7.57 per share for a total of $45420.0. Following the purchase, the insider now owns 1.87 million shares.
Red Robin Gourmet Burgers Inc disclosed in a document filed with the SEC on Oct 03 ’23 that Archon Capital Management LLC (10% Owner) bought a total of 50,000 shares of the company’s common stock. The trade occurred on Oct 03 ’23 and was made at $7.43 per share for $0.37 million. Following the transaction, the insider now directly holds 1.86 million shares of the RRGB stock.
Still, SEC filings show that on Sep 07 ’23, Lynch Jyoti A. (CHIEF TECHNOLOGY OFFICER) acquired 9,908 shares at an average price of $10.00 for $99080.0. The insider now directly holds 34,798 shares of Red Robin Gourmet Burgers Inc (RRGB).
