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Red Robin Gourmet Burgers

RRGBNASDAQ
Logo brought to you by Benzinga Data
$3.84
0.133.50%
Last update: 9:48 AM
15 minutes delayed
Consensus Rating1
Buy
Highest Price Target1
$16.00
Lowest Price Target1
$9.00
Consensus Price Target1
$11.63

Red Robin Gourmet Burgers (NASDAQ:RRGB) Stock, Analyst Ratings, Price Targets, Forecasts

Red Robin Gourmet Burgers Inc has a consensus price target of $11.63 based on the ratings of 6 analysts. The high is $16 issued by Lake Street on August 23, 2024. The low is $9 issued by Jefferies on October 3, 2023. The 3 most-recent analyst ratings were released by Benchmark, Lake Street, and Craig-Hallum on August 23, 2024, respectively. With an average price target of $12.5 between Benchmark, Lake Street, and Craig-Hallum, there's an implied 225.52% upside for Red Robin Gourmet Burgers Inc from these most-recent analyst ratings.

Analyst Trends and Forecast
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Analyst Rating and Forecast
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3.8
Buy
Strong Buy
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Analyst Firms Making Recommendations1

Benchmark
Lake Street
Craig-Hallum
Jefferies

1calculated from analyst ratings

Analyst Ratings for Red Robin Gourmet Burgers

Data brought to you by Benzinga APIs

FAQ

Q

What is the target price for Red Robin Gourmet Burgers (RRGB) stock?

A

The latest price target for Red Robin Gourmet Burgers (NASDAQ:RRGB) was reported by Benchmark on August 23, 2024. The analyst firm set a price target for $10.00 expecting RRGB to rise to within 12 months (a possible 160.42% upside). 13 analyst firms have reported ratings in the last year.

Q

What is the most recent analyst rating for Red Robin Gourmet Burgers (RRGB)?

A

The latest analyst rating for Red Robin Gourmet Burgers (NASDAQ:RRGB) was provided by Benchmark, and Red Robin Gourmet Burgers maintained their buy rating.

Q

When was the last upgrade for Red Robin Gourmet Burgers (RRGB)?

A

The last upgrade for Red Robin Gourmet Burgers Inc happened on March 1, 2023 when Benchmark raised their price target to $14. Benchmark previously had a hold for Red Robin Gourmet Burgers Inc.

Q

When was the last downgrade for Red Robin Gourmet Burgers (RRGB)?

A

The last downgrade for Red Robin Gourmet Burgers Inc happened on December 21, 2022 when Jefferies changed their price target from $12.5 to $7.5 for Red Robin Gourmet Burgers Inc.

Q

When is the next analyst rating going to be posted or updated for Red Robin Gourmet Burgers (RRGB)?

A

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Red Robin Gourmet Burgers, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Red Robin Gourmet Burgers was filed on August 23, 2024 so you should expect the next rating to be made available sometime around August 23, 2025.

Q

Is the Analyst Rating Red Robin Gourmet Burgers (RRGB) correct?

A

While ratings are subjective and will change, the latest Red Robin Gourmet Burgers (RRGB) rating was a maintained with a price target of $16.00 to $10.00. The current price Red Robin Gourmet Burgers (RRGB) is trading at is $3.84, which is out of the analyst’s predicted range.

Browse analyst ratings and price targets on all stocks.

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