Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $67.43 on Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $3.20 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) stands at 16.75.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Red Robin Gourmet Burgers, Inc., the PEG ratio for coming 3-5 years is 1.71.
The technical analysis highlights that Red Robin Gourmet Burgers, Inc. current is trading $1.19 points away or +2.42% from its 50-day moving average of $49.13. Further it is trading $-7.04 or -12.27% away its 200-day moving average of $57.36.
The 52-week high of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) was $82.66 while lowest point recorded in 52-week was $45.00. It implies if stock price makes a movement of over $-32.34, it will record a new 52-week high. In the case of +11.82% drop, it will touch a new 52-week low.
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