The stock of Red Robin Gourmet Burgers Inc (RRGB) has seen a -10.33% decrease in the past week, with a 7.34% gain in the past month, and a 3.43% flourish in the past quarter. The volatility ratio for the week is 6.58%, and the volatility levels for the past 30 days are at 7.00% for RRGB. The simple moving average for the past 20 days is -13.42% for RRGB’s stock, with a -21.98% simple moving average for the past 200 days.
Is It Worth Investing in Red Robin Gourmet Burgers Inc (NASDAQ: RRGB) Right Now?
The 36-month beta value for RRGB is also noteworthy at 2.74. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 4 rating it as “overweight,” 5 rating it as “hold,” and 0 rating it as “sell.”
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The public float for RRGB is 14.49M, and at present, short sellers hold a 19.35% of that float. The average trading volume of RRGB on November 07, 2024 was 575.96K shares.
RRGB) stock’s latest price update
The stock price of Red Robin Gourmet Burgers Inc (NASDAQ: RRGB) has dropped by -16.34 compared to previous close of 6.12. Despite this, the company has seen a fall of -10.33% in its stock price over the last five trading days. zacks.com reported 2024-11-07 that RRGB’s third-quarter fiscal 2024 results are hurt by the challenging macroeconomic environment.
Analysts’ Opinion of RRGB
Many brokerage firms have already submitted their reports for RRGB stocks, with Lake Street repeating the rating for RRGB by listing it as a “Buy.” The predicted price for RRGB in the upcoming period, according to Lake Street is $16 based on the research report published on August 23, 2024 of the current year 2024.
Lake Street, on the other hand, stated in their research note that they expect to see RRGB reach a price target of $16. The rating they have provided for RRGB stocks is “Buy” according to the report published on April 30th, 2024.
Craig Hallum gave a rating of “Buy” to RRGB, setting the target price at $20 in the report published on April 25th of the current year.
RRGB Trading at 7.80% 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 -60.00% of loss for the given period.
Volatility was left at 7.00%, however, over the last 30 days, the volatility rate increased by 6.58%, as shares sank -10.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +46.02% upper at present.
During the last 5 trading sessions, RRGB fell by -13.31%, which changed the moving average for the period of 200-days by -51.04% in comparison to the 20-day moving average, which settled at $5.91. In addition, Red Robin Gourmet Burgers Inc saw -58.94% 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 Jumana Capital Investments LLC, who purchase 36,868 shares at the price of $5.79 back on Oct 16 ’24. After this action, Jumana Capital Investments LLC now owns 769,202 shares of Red Robin Gourmet Burgers Inc, valued at $213,598 using the latest closing price.
Jumana Capital Investments LLC, the of Red Robin Gourmet Burgers Inc, purchase 893 shares at $5.59 during a trade that took place back on Oct 15 ’24, which means that Jumana Capital Investments LLC is holding 732,334 shares at $4,996 based on the most recent closing price.
Stock Fundamentals for RRGB
Current profitability levels for the company are sitting at:
- -0.02 for the present operating margin
- 0.09 for the gross margin
The net margin for Red Robin Gourmet Burgers Inc stands at -0.04. The total capital return value is set at -0.05. Equity return is now at value -240.35, with -5.49 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 -10.98. The interest coverage ratio of the stock is -0.99.
Currently, EBITDA for the company is 68.66 million with net debt to EBITDA at 16.31. When we switch over and look at the enterprise to sales, we see a ratio of 0.51. The receivables turnover for the company is 112.77for trailing twelve months and the total asset turnover is 1.9. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.45.
Conclusion
In summary, Red Robin Gourmet Burgers Inc (RRGB) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. 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.
