Red Robin Gourmet Burgers Inc (RRGB) Stock: Do Analysts Think You Should Hold?

Wall Street is positive on Red Robin Gourmet Burgers Inc (RRGB). On average, analysts give RRGB a Buy rating. The average price target is $13.25, which means analysts expect the stock to increase by 85.31% over the next twelve months. That average ranking earns RRGB an Analyst Rating of 26, which is better than 26% of stocks based on data compiled by InvestorsObserver.

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!

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Why are Analyst Ratings Important?

Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers. InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.

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

Red Robin Gourmet Burgers Inc (RRGB) stock has risen 0.42% while the S&P 500 is down -0.49% as of 12:59 PM on Friday, Mar 8. RRGB is higher by $0.03 from the previous closing price of $7.12 on volume of 171,952 shares. Over the past year the S&P 500 has gained 30.98% while RRGB is down -38.73%. RRGB lost -$1.34 per share the over the last 12 months. Click Here to get the full Stock Report for Red Robin Gourmet Burgers Inc stock.