How is Red Robin Gourmet Burgers Inc.’s (NASDAQ: RRGB) stock expected to perform amid current market woes?

After finishing at $8.56 in the prior trading day, Red Robin Gourmet Burgers Inc. (NASDAQ: RRGB) closed at $8.85, up 3.39%. In other words, the price has increased by $+0.29 from its previous closing price. On the day, 688982 shares were traded. RRGB stock price reached its highest trading level at $9.57 during the session, while it also had its lowest trading level at $8.54.

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Our goal is to gain a better understanding of RRGB by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.40 and its Current Ratio is at 0.50. In the meantime, Its Debt-to-Equity ratio is 3.90 whereas as Long-Term Debt/Eq ratio is at 3.84.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Jefferies on December 21, 2022, Downgraded its rating to Hold and sets its target price to $7.50 from $12.50 previously.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 16 when Hart Gerard Johan bought 14,293 shares for $7.64 per share. The transaction valued at 109,241 led to the insider holds 158,656 shares of the business.

PACE DAVID bought 14,492 shares of RRGB for $99,995 on Nov 09. The Director now owns 46,081 shares after completing the transaction at $6.90 per share. On Nov 08, another insider, Conforti Thomas G., who serves as the Director of the company, bought 8,769 shares for $6.96 each. As a result, the insider paid 61,032 and bolstered with 27,500 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 0.10 while its Price-to-Book (P/B) ratio in mrq is 2.72.

Stock Price History:

Over the past 52 weeks, RRGB has reached a high of $18.64, while it has fallen to a 52-week low of $5.35. The 50-Day Moving Average of the stock is 7.42, while the 200-Day Moving Average is calculated to be 8.60.

Shares Statistics:

The stock has traded on average 255.59K shares per day over the past 3-months and 392.95k shares per day over the last 10 days, according to various share statistics. A total of 15.89M shares are outstanding, with a floating share count of 15.18M. Insiders hold about 2.10% of the company’s shares, while institutions hold 70.20% stake in the company. Shares short for RRGB as of Oct 13, 2022 were 1.47M with a Short Ratio of 1.42M, compared to 1.58M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 9.24% and a Short% of Float of 16.60%.

Earnings Estimates

Its stock is currently analyzed by 2 different market analysts. On average, analysts expect EPS of -$1.12 for the current quarter, with a high estimate of -$0.94 and a low estimate of -$1.3, while EPS last year was -$0.88. The consensus estimate for the next quarter is -$0.52, with high estimates of -$0.39 and low estimates of -$0.66.

Analysts are recommending an EPS of between -$2.46 and -$2.56 for the fiscal current year, implying an average EPS of -$2.51. EPS for the following year is -$0.78, with 2 analysts recommending between $0.15 and -$1.72.

Revenue Estimates

2 analysts predict $282.11M in revenue for the current quarter. It ranges from a high estimate of $282.7M to a low estimate of $281.53M. As of the current estimate, Red Robin Gourmet Burgers Inc.’s year-ago sales were $275.44M, an estimated increase of 2.40% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $292.24M, an increase of 3.10% over than the figure of $2.40% in the same quarter last year. There is a high estimate of $298.18M for the next quarter, whereas the lowest estimate is $286.3M.

A total of 2 analysts have provided revenue estimates for RRGB’s current fiscal year. The highest revenue estimate was $1.27B, while the lowest revenue estimate was $1.26B, resulting in an average revenue estimate of $1.26B. In the same quarter a year ago, actual revenue was $1.16B, up 8.80% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $1.3B in the next fiscal year. The high estimate is $1.31B and the low estimate is $1.29B. The average revenue growth estimate for next year is up 2.70% from the average revenue estimate for this year.