Red Robin Gourmet Burgers, Inc. (RRGB)
NASDAQ: RRGB · IEX Real-Time Price · USD
6.00
+0.08 (1.35%)
At close: Jul 19, 2024, 4:00 PM
5.89
-0.11 (-1.83%)
Pre-market: Jul 20, 2024, 9:29 AM EDT
Red Robin Gourmet Burgers Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for RRGB stock have an average target of 16, with a low estimate of 9.00 and a high estimate of 20. The average target predicts an increase of 166.67% from the current stock price of 6.00.
Analyst Consensus: Strong Buy
* Price targets were last updated on May 30, 2024.
Analyst Ratings
The average analyst rating for RRGB stock from 4 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 3 | 3 | 3 | 3 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 2 | 2 | 2 | 2 | 2 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3 | 3 | 5 | 5 | 5 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Lake Street | Lake Street | Strong Buy Maintains $16 → $17 | Strong Buy | Maintains | $16 → $17 | +183.33% | May 30, 2024 |
| Lake Street | Lake Street | Strong Buy Initiates $16 | Strong Buy | Initiates | $16 | +166.67% | Apr 30, 2024 |
| Craig-Hallum | Craig-Hallum | Strong Buy Initiates $20 | Strong Buy | Initiates | $20 | +233.33% | Apr 25, 2024 |
| Benchmark | Benchmark | Strong Buy Reiterates $18 | Strong Buy | Reiterates | $18 | +200.00% | Apr 15, 2024 |
| Benchmark | Benchmark | Strong Buy Reiterates $18 | Strong Buy | Reiterates | $18 | +200.00% | Mar 26, 2024 |
Financial Forecast
Revenue This Year
1.28B
from 1.30B
Decreased by -1.69%
Revenue Next Year
1.31B
from 1.28B
Increased by 2.34%
EPS This Year
-1.55
from -1.34
EPS Next Year
-0.68
from -1.55
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.3B | 1.4B | 1.4B |
| Avg | 1.3B | 1.3B | 1.4B |
| Low | 1.2B | 1.2B | 1.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 2.2% | 6.2% | 7.6% |
| Avg | -1.7% | 2.3% | 4.5% |
| Low | -6.4% | -3.3% | 0.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -1.33 | -0.03 | -0.36 |
| Avg | -1.55 | -0.68 | -0.35 |
| Low | -1.73 | -1.16 | -0.33 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | - | - |
| Avg | - | - | - |
| Low | - | - | - |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.