What Are The Chances Of Red Robin Gourmet Burgers Inc (NASDAQ: RRGB) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. The stock was recently discussed on Yahoo Finance as it revealed that IT’S A FLAVOR ERUPTION! RED ROBIN DEBUTS LAVA QUESO BURGER ALONGSIDE THE RETURN OF A BELOVED FAN FAVORITE ON MARCH 25.

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Stocks Info

As a NASDAQ listed company, RRGB falls under the Consumer Cyclical sector while operating within the Restaurants industry segment. The current market capitalization of Red Robin Gourmet Burgers Inc is $117.33M. A total of 0.7 million shares were traded on the day, compared to an average of 271.90K shares.

In the most recent transaction, Archon Capital Management LLC bought 6,000 shares of RRGB for 7.57 per share on Oct 04 ’23. After the transaction, the 10% Owner now owns 1,870,692 company shares. In a previous transaction on Oct 03 ’23, Archon Capital Management LLC bought 50,000 shares at 7.43 per share. RRGB shares that 10% Owner owns now total 1,864,692.

Among the insiders who bought shares, Lynch Jyoti A. acquired of 9,908 shares on Sep 07 ’23 at a per-share price of $10.00. This resulted in the CHIEF TECHNOLOGY OFFICER holding 34,798 shares of RRGB after the transaction. In another insider transaction, Lynch Jyoti A. bought 92 shares at $10.00 per share on Sep 06 ’23. Company shares held by the CHIEF TECHNOLOGY OFFICER now total 24,890.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, RRGB has a high of $16.50 and a low of $6.11.

As of this writing, RRGB has an earnings estimate of -$0.11 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $0.07 per share and a lower estimate of -$0.45. The company reported an EPS of -$0.79 in the last quarter, which was 7.10% higher than expectations of -$0.85.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. RRGB’s latest balance sheet shows that the firm has $22.75M in Cash & Short Term Investments as of fiscal 2021. There were $662.13M in debt and $223.30M in liabilities at the time. Its Book Value Per Share was -$1.32, 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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