The stock of Red Robin Gourmet Burgers Inc (NASDAQ: RRGB) has decreased by -7.36 when compared to last closing price of 6.45.Despite this, the company has seen a loss of -5.76% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-09 that Red Robin (RRGB) expects near-term pressure from ongoing commodity and wage inflation.
Is It Worth Investing in Red Robin Gourmet Burgers Inc (NASDAQ: RRGB) Right Now?
Company’s 36-month beta value is 2.85.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 4 as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for RRGB is 14.57M, and currently, short sellers hold a 22.80% ratio of that floaft. The average trading volume of RRGB on April 12, 2024 was 330.36K shares.
RRGB’s Market Performance
The stock of Red Robin Gourmet Burgers Inc (RRGB) has seen a -5.76% decrease in the past week, with a -12.00% drop in the past month, and a -46.17% fall in the past quarter. The volatility ratio for the week is 6.07%, and the volatility levels for the past 30 days are at 5.93% for RRGB. The simple moving average for the last 20 days is -11.30% for RRGB’s stock, with a simple moving average of -40.71% for the last 200 days.
Analysts’ Opinion of RRGB
Many brokerage firms have already submitted their reports for RRGB stocks, with The Benchmark Company repeating the rating for RRGB by listing it as a “Buy.” The predicted price for RRGB in the upcoming period, according to The Benchmark Company is $14 based on the research report published on March 01, 2023 of the previous year 2023.
Jefferies, on the other hand, stated in their research note that they expect to see RRGB reach a price target of $7.50, previously predicting the price at $12.50. The rating they have provided for RRGB stocks is “Hold” according to the report published on December 21st, 2022.
RRGB Trading at -25.92% from the 50-Day Moving Average
After a stumble in the market that brought RRGB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -63.79% of loss for the given period.
Volatility was left at 5.93%, however, over the last 30 days, the volatility rate increased by 6.07%, as shares sank -7.20% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -41.66% lower at present.
During the last 5 trading sessions, RRGB fell by -6.32%, which changed the moving average for the period of 200-days by -57.85% in comparison to the 20-day moving average, which settled at $6.71. In addition, Red Robin Gourmet Burgers Inc saw -52.09% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at RRGB starting from Archon Capital Management LLC, who purchase 6,000 shares at the price of $7.57 back on Oct 04 ’23. After this action, Archon Capital Management LLC now owns 1,870,692 shares of Red Robin Gourmet Burgers Inc, valued at $45,420 using the latest closing price.
Archon Capital Management LLC, the 10% Owner of Red Robin Gourmet Burgers Inc, purchase 50,000 shares at $7.43 during a trade that took place back on Oct 03 ’23, which means that Archon Capital Management LLC is holding 1,864,692 shares at $371,500 based on the most recent closing price.
Stock Fundamentals for RRGB
Current profitability levels for the company are sitting at:
- 0.01 for the present operating margin
- 0.27 for the gross margin
The net margin for Red Robin Gourmet Burgers Inc stands at -0.02. The total capital return value is set at 0.03. Equity return is now at value -240.35, with -2.33 for asset returns.
Based on Red Robin Gourmet Burgers Inc (RRGB), the company’s capital structure generated 1.1 points at debt to capital in total, while cash flow to debt ratio is standing at -0.01. The debt to equity ratio resting at -11.12. The interest coverage ratio of the stock is 0.69.
Currently, EBITDA for the company is 68.66 million with net debt to EBITDA at 7.02. When we switch over and look at the enterprise to sales, we see a ratio of 0.52. The receivables turnover for the company is 60.36for trailing twelve months and the total asset turnover is 1.53. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.49.
Conclusion
In a nutshell, Red Robin Gourmet Burgers Inc (RRGB) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
