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What is Wall Street's Target Price for Red Robin Gourmet Burgers, Inc. (RRGB) Stock Monday?

Monday, September 12, 2022 03:12 PM | InvestorsObserver Analysts
What is Wall Street's Target Price for Red Robin Gourmet Burgers, Inc. (RRGB) Stock Monday?

Analysts who follow Red Robin Gourmet Burgers, Inc. (RRGB) on average expect it to add 197.54% over the next twelve months. Those same analysts give the stock an average rating of Buy. That average rating earns RRGB an Analyst Ranking of 23, which means it ranks higher than 23 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?

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 is trading at $8.29 as of 3:10 PM on Monday, Sep 12, a gain of $0.31, or 3.88% from the previous closing price of $7.98. The stock has traded between $8.06 and $8.31 so far today. Volume today is below average. So far 96,329 shares have traded compared to average volume of 291,689 shares. Click Here to get the full Stock Report for Red Robin Gourmet Burgers, Inc. stock.

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