As of close of business last night, Red Robin Gourmet Burgers Inc’s stock clocked out at $5.77, down -3.83% from its previous closing price of $6.00. On the day, 594862 shares were traded.
Ratios:
To gain a deeper understanding of RRGB’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.35 and its Current Ratio is at 0.49.
On December 21, 2022, Jefferies Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $12.50 to $7.50.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Oct 04 ’23 when Archon Capital Management LLC bought 6,000 shares for $7.57 per share. The transaction valued at 45,420 led to the insider holds 1,870,692 shares of the business.
Archon Capital Management LLC bought 50,000 shares of RRGB for $371,500 on Oct 03 ’23. The 10% Owner now owns 1,864,692 shares after completing the transaction at $7.43 per share. On Sep 07 ’23, another insider, Lynch Jyoti A., who serves as the CHIEF TECHNOLOGY OFFICER of the company, bought 9,908 shares for $10.00 each. As a result, the insider paid 99,080 and bolstered with 34,798 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.07.
Stock Price History:
Over the past 52 weeks, RRGB has reached a high of $16.50, while it has fallen to a 52-week low of $5.81.
Shares Statistics:
A total of 15.53M shares are outstanding, with a floating share count of 14.57M. Insiders hold about 6.27% of the company’s shares, while institutions hold 76.01% stake in the company.
Earnings Estimates
As of right now, Red Robin Gourmet Burgers, Inc. analysts gave their recommendation on the stock of the company. The consensus estimate for the next quarter is $15.00, with high estimates of $0.00 and low estimates of $0.04.
