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Do Analysts Expect Red Robin Gourmet Burgers Inc (RRGB) Stock to Rise After It Has Fallen -21.76% in a Month?

Tuesday, March 26, 2024 10:34 AM | InvestorsObserver Analysts

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Do Analysts Expect Red Robin Gourmet Burgers Inc (RRGB) Stock to Rise After It Has Fallen -21.76% in a Month?

Analysts who follow Red Robin Gourmet Burgers Inc (RRGB) on average expect it to increase 89.02% over the next twelve months. Those same analysts give the stock an average rating of Buy. That average rating earns the stock an Analyst Ranking of 25, which means it ranks higher than 25 of stocks, based on data compiled by InvestorsObserver.

Overall Score - 3.7
Wall Street analysts are rating RRGB a Buy today. Find out what this means to you and get the rest of the rankings on RRGB!

Why are Analyst Ratings Important?

Analytical research by professionals can be extremely useful when making investment decisions in the stock market. Analysts are able to observe industries in detail and learn how geographical impacts can affect a company's balance sheet. This information allows investors to make decisions ahead of the curve. InvestorsObserver combines the ratings from these analysts and proceeds to percentile rank them. This grants you the ability to compare stocks in a comprehensive fashion as oppossed to a standard buy/hold/sell rating.

What's Happening With Red Robin Gourmet Burgers Inc Stock Today?

Red Robin Gourmet Burgers Inc (RRGB) stock is trading at $7.01 as of 10:30 AM on Tuesday, Mar 26, a gain of $0.39, or 5.98% from the previous closing price of $6.61. The stock has traded between $6.71 and $7.07 so far today. Volume today is below average. So far 195,590 shares have traded compared to average volume of 400,040 shares. Click Here to get the full Stock Report for Red Robin Gourmet Burgers Inc stock.

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