Buzzing Stock: Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB)


As per the research groups listed in Thomson Reuters survey, Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB), the stock can touch mean price target of $65.6300 in coming period. This price target highlights the recommendations of leading experts in the market.

Thomson Reuters studies the brokerages research reports to reach this price target. The latest poll indicate that the company may record earnings of $0.6600 per share in looming quarter and $3.2000 during current fiscal.

Technical Forecast

While evaluating Red Robin Gourmet Burgers, Inc. on the technical side, it is seen that the firm’s shares price is trading $1.6148 points away or +3.2556% from its 50-day moving average of $49.6014. Further it is trading $-5.7236 or -10.0520% away its 200-day moving average of $56.9398. MA here stands for moving average.

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) stock made a high of $82.6600 in last 12-months while the lowest level in same period was $45.0000. It entails if stock price makes a movement of over $-31.4438, it will make a new 52-week high. In the case of +13.8138% decline, it will touch a new 52-week low.

Valuation Level

The valuation of Red Robin Gourmet Burgers, Inc. is done by analysts by using price-to-earnings ratio. This ratio considers the latest price and profits for valuating a stock. The ratio is calculated by dividing stock price by annual EPS. For now, Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) P/E ratio is 17.0493. The stakeholders can further gauge a firm’s performance by calculating Price-to-Earnings-Growth ratio, and for Red Robin Gourmet Burgers, Inc. it stands at 1.6700.

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