After finishing at $7.05 in the prior trading day, Red Robin Gourmet Burgers Inc (NASDAQ: RRGB) closed at $6.58, down -6.67%. In other words, the price has decreased by -$0.47 from its previous closing price. On the day, 502647 shares were traded.
Ratios:
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 0.35 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:
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 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:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, RRGB now has a Market Capitalization of 102.11M and an Enterprise Value of 689.26M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.08. Its current Enterprise Value per Revenue stands at 0.53 whereas that against EBITDA is 9.60.
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 $6.11. The 50-Day Moving Average of the stock is 8.54, while the 200-Day Moving Average is calculated to be 10.27.
Shares Statistics:
The stock has traded on average 294.91K shares per day over the past 3-months and 470.1k shares per day over the last 10 days, according to various share statistics. A total of 15.53M shares are outstanding, with a floating share count of 14.56M. Insiders hold about 6.30% of the company’s shares, while institutions hold 76.01% stake in the company. Shares short for RRGB as of Mar 15, 2024 were 2.77M with a Short Ratio of 9.39, compared to 2.28M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 17.82% and a Short% of Float of 21.15%.
Earnings Estimates
Its stock is currently analyzed by 3 different market analysts. On average, analysts expect EPS of -$0.11 for the current quarter, with a high estimate of $0.07 and a low estimate of -$0.45, while EPS last year was $0.25. The consensus estimate for the next quarter is -$0.39, with high estimates of -$0.27 and low estimates of -$0.56.
Analysts are recommending an EPS of between -$0.92 and -$1.56 for the fiscal current year, implying an average EPS of -$1.31. EPS for the following year is -$0.26, with 3 analysts recommending between $0.34 and -$0.6.
Revenue Estimates
3 analysts predict $397.71M in revenue for the current quarter. It ranges from a high estimate of $403.6M to a low estimate of $394.34M. As of the current estimate, Red Robin Gourmet Burgers Inc’s year-ago sales were $405.58M, an estimated decrease of -1.90% from the year-ago figure.
A total of 3 analysts have provided revenue estimates for RRGB’s current fiscal year. The highest revenue estimate was $1.26B, while the lowest revenue estimate was $1.25B, resulting in an average revenue estimate of $1.25B. In the same quarter a year ago, actual revenue was $1.3B, down -3.70% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $1.28B in the next fiscal year. The high estimate is $1.29B and the low estimate is $1.27B. The average revenue growth estimate for next year is up 2.20% from the average revenue estimate for this year.
