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Saturday, June 3, 2023

Red Robin Gourmet Burgers Inc. (RRGB): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Red Robin Gourmet Burgers Inc. (RRGB) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.29, or 1.98%, to $14.93. The Red Robin Gourmet Burgers Inc. has recorded 21,802 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Red Robin Gourmet Burgers, Inc. Reports Results for the Fiscal First Quarter Ended April 16, 2023.

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Stocks Info

This NASDAQ-listed company operates within the Restaurants industry segment, falling under the Consumer Cyclical sector. At the end of the last regular session, the stock closed at $14.64 and fluctuated between $16.50 as its day high and $14.57 as its day low. The current market capitalization of Red Robin Gourmet Burgers Inc. is $234.09M. A total of 1.46 million shares were traded on the day, compared to an average of 398.17K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, RRGB has seen 8 BUY and 1 SELL insider trades, representing the acquisition of 284,895 and the disposition of 849 shares. Over the last 12 months, there were 17 BUYs and 2 SELLs from insiders. Insiders purchased 506,260 shares during that period but sold 1,008.

In the most recent transaction, Hart Gerard Johan bought 25,000 shares of RRGB for 11.99 per share on Mar 10. After the transaction, the PRESIDENT AND CEO now owns 183,656 company shares. In a previous transaction on Mar 06, Davis Geoffrey Wayne bought 1,751 shares at 11.42 per share. RRGB shares that CHIEF PEOPLE OFFICER owns now total 17,979.

Among the insiders who bought shares, Wilson Joshua Todd acquired of 10,000 shares on Mar 03 at a per-share price of $11.22. This resulted in the CHIEF LEGAL OFFICER holding 55,395 shares of RRGB after the transaction. In another insider transaction, Hart Gerard Johan bought 14,293 shares at $7.64 per share on Nov 16. Company shares held by the PRESIDENT AND CEO now total 158,656.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for RRGB in the last 3 months, the mean price target is $18.50 with high estimates of $22.00 and low estimates of $15.00. In terms of 52-week highs and lows, RRGB has a high of $15.89 and a low of $5.35.

As of this writing, RRGB has an earnings estimate of -$0.44 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of -$0.39 per share and a lower estimate of -$0.53. The company reported an EPS of -$1.35 in the last quarter, which was -117.70% lower than expectations of -$0.62.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. RRGB’s latest balance sheet shows that the firm has $22.75M in Cash & Short Term Investments as of fiscal 2021. There were $660.93M in debt and $223.30M in liabilities at the time. Its Book Value Per Share was $0.34, while its Total Shareholder’s Equity was $76.97M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for RRGB is Buy with a score of 3.67.

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