Red Robin Gourmet Burgers Inc (NASDAQ: RRGB) kicked off on Tuesday, down -4.57% from the previous trading day, before settling in for the closing price of $3.50. Over the past 52 weeks, RRGB has traded in a range of $3.39-$12.80.
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Annual sales at Consumer Cyclical sector company grew by 1.99% over the past five years. While this was happening, its average annual earnings per share was recorded -68.19%. With a float of $15.25 million, this company’s outstanding shares have now reached $15.53 million.
Let’s look at the performance matrix of the company that is accounted for 22516 employees. In terms of profitability, gross margin is 13.83%, operating margin of -1.06%, and the pretax margin is -3.18%.
Red Robin Gourmet Burgers Inc (RRGB) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Restaurants Industry. The insider ownership of Red Robin Gourmet Burgers Inc is 3.18%, while institutional ownership is 68.71%. The most recent insider transaction that took place on May 16 ’24, was worth 1,005,794. In this transaction 10% Owner of this company sold 141,905 shares at a rate of $7.09, taking the stock ownership to the 1,651,787 shares. Before that another transaction happened on May 17 ’24, when Company’s 10% Owner sold 100,200 for $6.85, making the entire transaction worth $686,495. This insider now owns 1,551,587 shares in total.
Red Robin Gourmet Burgers Inc (RRGB) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported -0.79 earnings per share (EPS), higher than consensus estimate (set at -0.85) by 0.06. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.29 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -68.19% 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 -22.07% drop over the previous five years of trading.
Red Robin Gourmet Burgers Inc (NASDAQ: RRGB) Trading Performance Indicators
Take a look at Red Robin Gourmet Burgers Inc’s (RRGB) current performance indicators. Last quarter, stock had a quick ratio of 0.30. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.04.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.60, a number that is poised to hit -0.96 in the next quarter and is forecasted to reach -1.26 in one year’s time.
Technical Analysis of Red Robin Gourmet Burgers Inc (RRGB)
Red Robin Gourmet Burgers Inc (NASDAQ: RRGB) saw its 5-day average volume 0.93 million, a positive change from its year-to-date volume of 0.42 million. As of the previous 9 days, the stock’s Stochastic %D was 5.31%. Additionally, its Average True Range was 0.37.
During the past 100 days, Red Robin Gourmet Burgers Inc’s (RRGB) raw stochastic average was set at 0.93%, which indicates a significant decrease from 3.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 84.02% in the past 14 days, which was higher than the 66.28% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.62, while its 200-day Moving Average is $7.95. Nevertheless, the first resistance level for the watch stands at $3.59 in the near term. At $3.83, the stock is likely to face the second major resistance level. The third major resistance level sits at $3.98. If the price goes on to break the first support level at $3.19, it is likely to go to the next support level at $3.04. Assuming the price breaks the second support level, the third support level stands at $2.80.
Red Robin Gourmet Burgers Inc (NASDAQ: RRGB) Key Stats
The company with the Market Capitalisation of 52.60 million has total of 15,684K Shares Outstanding. Its annual sales at the moment are 1,303 M in contrast with the sum of -21,230 K annual income. Company’s last quarter sales were recorded 300,150 K and last quarter income was -9,490 K.
