On May 26, 2022, Red Robin Gourmet Burgers Inc. (NASDAQ: RRGB) opened at $8.17, higher 7.62% from the last session. During the day, the shares moved up to $9.1899 and dropped to $8.1301 before settling in for the closing price of $8.00. Price fluctuations for RRGB have ranged from $6.91 to $38.96 over the past 52 weeks.
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A company in the Consumer Cyclical sector has dropped its sales by -2.30% annually for the last half of the decade. Company’s average yearly earnings per share was noted 83.40% at the time writing. With a float of $15.30 million, this company’s outstanding shares have now reached $15.70 million.
In an organization with 22483 employees, it is important to assess its efficiency. In terms of profitability, gross margin is +8.91, operating margin of -1.65, and the pretax margin is -4.32.
Red Robin Gourmet Burgers Inc. (RRGB) Insider Updates
A key investor’s attitude towards the stock of the Restaurants industry is another important factor to consider. The insider ownership of Red Robin Gourmet Burgers Inc. is 2.90%, while institutional ownership is 99.50%. The most recent insider transaction that took place on Aug 24, was worth 225,700. In this transaction President and CEO of this company bought 10,000 shares at a rate of $22.57, taking the stock ownership to the 20,000 shares. Before that another transaction happened on Aug 23, when Company’s Chief Financial Officer bought 5,000 for $21.75, making the entire transaction worth $108,750. This insider now owns 53,627 shares in total.
Red Robin Gourmet Burgers Inc. (RRGB) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 12/30/2021, the company posted -$1.03 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at -$0.53) by -$0.5. This company achieved a net margin of -4.30 while generating a return on equity of -50.59. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.05 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 83.40% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 10.00% during the next five years compared to -41.50% drop over the previous five years of trading.
Red Robin Gourmet Burgers Inc. (NASDAQ: RRGB) Trading Performance Indicators
Check out the current performance indicators for Red Robin Gourmet Burgers Inc. (RRGB). In the past quarter, the stock posted a quick ratio of 0.30. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.12. Likewise, its price to free cash flow for the trailing twelve months is 27.97.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -3.19, a number that is poised to hit -0.73 in the next quarter and is forecasted to reach 0.55 in one year’s time.
Technical Analysis of Red Robin Gourmet Burgers Inc. (RRGB)
Let’s dig in a bit further. During the last 5-days, its volume was 0.76 million. That was better than the volume of 0.38 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 42.53%. Additionally, its Average True Range was 0.78.
During the past 100 days, Red Robin Gourmet Burgers Inc.’s (RRGB) raw stochastic average was set at 14.49%, which indicates a significant decrease from 47.22% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 92.31% in the past 14 days, which was higher than the 73.57% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $13.17, while its 200-day Moving Average is $17.61. However, in the short run, Red Robin Gourmet Burgers Inc.’s stock first resistance to watch stands at $9.16. Second resistance stands at $9.70. The third major resistance level sits at $10.22. If the price goes on to break the first support level at $8.10, it is likely to go to the next support level at $7.58. Assuming the price breaks the second support level, the third support level stands at $7.04.
Red Robin Gourmet Burgers Inc. (NASDAQ: RRGB) Key Stats
There are currently 15,785K shares outstanding in the company with a market cap of 139.83 million. Presently, the company’s annual sales total 1,162 M according to its annual income of -50,000 K. Last quarter, the company’s sales amounted to 283,380 K and its income totaled -21,310 K.