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

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The leading market experts have placed a mean price target of $71.29 on Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.56 a share for the upcoming quarter and $3.39 for the current fiscal. Technical View The technical analysis of Red Robin Gourmet Burgers, Inc. plainly substantiates that the 50-day moving average of Red Robin Gourmet Burgers, Inc. is $49.99, and stock is hovering -3.19 or -6.39% distant from $49.99. It is noted that the 200-day MA is $58.33, and Red Robin Gourmet Burgers, Inc. stock is $-11.53 or -19.77% off from this point. Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) 52-week high is $95.00 and the 52-week low is $46.32. This explains if the stock moves $-48.20, it will post a 52-week high. In event of $+1.04% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Red Robin Gourmet Burgers, Inc., shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) ratio came in at 14.53. The stock last ended the trading session at $46.80 and registered a market cap of $638.68M. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) PEG ratio is at 1.50.

1 Chart Pattern Every Investor Should Know

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