RRGB Stock Summary and Trading Ideas (Red Robin Gourmet Burgers | NASDAQ:RRGB)

Red Robin Gourmet Burgers Inc is a restaurant operator. The company develops, operates, and franchises casual-dining restaurants and fast-casual restaurants in North America. Its brands are Red Robin, Red Robin Gourmet Burgers, Red Robin America's Gourmet Burgers and Spirits, Red Robin Burger Works, YUMMM, Red Robin Gourmet Burgers and Brews, and Red Robin Royalty names and logos. The company's revenue consists of sales from restaurant operations, gift card breakage, franchise royalties and fees, and other miscellaneous revenue.

Red Robin Gourmet Burgers trades on the NASDAQ stock market under the symbol RRGB.

As of April 23, 2024, RRGB stock price declined to $6.60 with 307,719 million shares trading.

RRGB has a beta of 1.73, meaning it tends to be more sensitive to market movements. RRGB has a correlation of 0.13 to the broad based SPY ETF.

RRGB has a market cap of $105.13 million. This is considered a Micro Cap stock.

Last quarter Red Robin Gourmet Burgers reported $309 million in Revenue and -$.66 earnings per share. This beat revenue expectation by $4 million and missed earnings estimates by -$.20.

In the last 3 years, RRGB stock traded as high as $38.96 and as low as $5.35.

The top ETF exchange traded funds that RRGB belongs to (by Net Assets): VTI, IWM, VXF, IWO, PRFZ.

RRGB has underperformed the market in the last year with a price return of -53.0% while the SPY ETF gained +24.3%. RRGB has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -39.8% and -3.5%, respectively, while the SPY returned +4.9% and -2.5%, respectively.

RRGB support price is $6.33 and resistance is $6.95 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RRGB stock will trade within this expected range on the day.