Red Robin Gourmet Burgers, Inc. (RRGB)
NASDAQ: RRGB · IEX Real-Time Price · USD
6.00
+0.05 (0.84%)
At close: Apr 18, 2024, 4:00 PM
6.01
+0.01 (0.17%)
After-hours: Apr 18, 2024, 7:50 PM EDT
Red Robin Gourmet Burgers Stock Forecast
Stock Price Forecast
The 2 analysts with 12-month price forecasts for RRGB stock have an average target of 13.5, with a low estimate of 9.00 and a high estimate of 18. The average target predicts an increase of 125.00% from the current stock price of 6.00.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for RRGB stock from 3 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 2 | 2 | 2 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3 | 3 | 3 | 3 | 3 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| 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 |
| Benchmark | Benchmark | Strong Buy Reiterates $18 | Strong Buy | Reiterates | $18 | +200.00% | Mar 5, 2024 |
| Benchmark | Benchmark | Strong Buy Maintains $18 | Strong Buy | Maintains | $18 | +200.00% | Feb 29, 2024 |
| Jefferies | Jefferies | Hold Maintains $12 → $9 | Hold | Maintains | $12 → $9 | +50.00% | Oct 3, 2023 |
Financial Forecast
Revenue This Year
1.28B
from 1.30B
Decreased by -1.77%
Revenue Next Year
1.31B
from 1.28B
Increased by 2.19%
EPS This Year
-1.34
from -1.34
EPS Next Year
-0.27
from -1.34
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 1.3B | 1.4B |
| Avg | 1.3B | 1.3B |
| Low | 1.2B | 1.2B |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 1.8% | 6.1% |
| Avg | -1.8% | 2.2% |
| Low | -6.0% | -2.7% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | -0.97 | 0.36 |
| Avg | -1.34 | -0.27 |
| Low | -1.53 | -0.59 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| 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.