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What 5 Analyst Ratings Have To Say About Red Robin Gourmet Burgers

September 24, 2021 1:56 pm
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What 5 Analyst Ratings Have To Say About Red Robin Gourmet Burgers

Within the last quarter, Red Robin Gourmet Burgers (NASDAQ:RRGB) has observed the following analyst ratings:

  Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 2 1 1 1 0
Last 30D 1 0 0 0 0
1M Ago 1 0 1 0 0
2M Ago 0 1 0 1 0
3M Ago 0 0 0 0 0

These 5 analysts have an average price target of $31.6 versus the current price of Red Robin Gourmet Burgers at 24.25, implying upside.

Below is a summary of how these 5 analysts rated Red Robin Gourmet Burgers over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the move negative analysts are on the stock

price target chart

This current average has decreased by 9.71% from the previous average price target of $35.0.

What Are Analyst Ratings?

Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.

Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

For the latest in financial news, exclusive stories, memes follow Benzinga on Twitter, Facebook & Instagram. For the best interviews, stock market talk & videos, subscribe to Benzinga Podcasts and our YouTube channel.

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Analyst Ratings

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