$6.01
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$5.81
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Red Robin Gourmet Burgers
RRGBNASDAQ
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Red Robin Gourmet Burgers (NASDAQ:RRGB) Stock, Analyst Ratings, Price Targets, Forecasts
Red Robin Gourmet Burgers Inc has a consensus price target of $22.63 based on the ratings of 10 analysts. The high is $35 issued by CL King on August 30, 2021. The low is $9 issued by Jefferies on October 3, 2023. The 3 most-recent analyst ratings were released by Lake Street, Lake Street, and Craig-Hallum on May 30, 2024, April 30, 2024, and April 25, 2024, respectively. With an average price target of $17.67 between Lake Street, Lake Street, and Craig-Hallum, there's an implied 204.07% upside for Red Robin Gourmet Burgers Inc from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
Lake Street
Craig-Hallum
Benchmark
Jefferies
Raymond James
1calculated from analyst ratings
Analyst Ratings for Red Robin Gourmet Burgers
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 05/30/2024 | Buy Now | 192.6% | Lake Street | Mark Smith | $16 → $17 | Maintains | Buy | Get Alert |
| 04/30/2024 | Buy Now | 175.39% | Lake Street | Mark Smith | → $16 | Initiates | → Buy | Get Alert |
| 04/25/2024 | Buy Now | 244.23% | Craig-Hallum | Jeremy Hamblin | → $20 | Initiates | → Buy | Get Alert |
| 04/15/2024 | Buy Now | 209.81% | Benchmark | Todd Brooks | → $18 | Reiterates | Buy → Buy | Get Alert |
| 03/26/2024 | Buy Now | 209.81% | Benchmark | Todd Brooks | → $18 | Reiterates | Buy → Buy | Get Alert |
| 03/05/2024 | Buy Now | 209.81% | Benchmark | Todd Brooks | → $18 | Reiterates | Buy → Buy | Get Alert |
| 02/29/2024 | Buy Now | 209.81% | Benchmark | Todd Brooks | → $18 | Maintains | Buy | Get Alert |
| 10/03/2023 | Buy Now | 54.91% | Jefferies | Andy Barish | $12 → $9 | Maintains | Hold | Get Alert |
| 08/18/2023 | Buy Now | 278.66% | Benchmark | Todd Brooks | → $22 | Reiterates | Buy → Buy | Get Alert |
| 06/22/2023 | Buy Now | — | CL King | Andrew Wolf | — | Maintains | Neutral | Get Alert |
| 03/22/2023 | Buy Now | 209.81% | Benchmark | Todd Brooks | $14 → $18 | Maintains | Buy | Get Alert |
| 03/01/2023 | Buy Now | 140.96% | Benchmark | Todd Brooks | → $14 | Upgrade | Hold → Buy | Get Alert |
| 12/21/2022 | Buy Now | 29.09% | Jefferies | Andy Barish | $12.5 → $7.5 | Downgrade | Buy → Hold | Get Alert |
| 12/20/2022 | Buy Now | — | CL King | Andrew Wolf | — | Reinstates | → Neutral | Get Alert |
| 08/11/2022 | Buy Now | — | Benchmark | Todd Brooks | — | Downgrade | Buy → Hold | Get Alert |
| 04/18/2022 | Buy Now | — | Raymond James | Brian Vaccaro | — | Downgrade | Outperform → Market Perform | Get Alert |
| 01/26/2022 | Buy Now | 330.29% | Raymond James | Brian Vaccaro | $30 → $25 | Maintains | Outperform | Get Alert |
| 11/23/2021 | Buy Now | 416.35% | Benchmark | Todd Brooks | — | Initiates | → Buy | Get Alert |
| 11/11/2021 | Buy Now | 416.35% | Raymond James | — | — | Maintains | Outperform | Get Alert |
| 09/24/2021 | Buy Now | 433.56% | Jefferies | Andy Barish | — | Upgrade | Hold → Buy | Get Alert |
| 09/13/2021 | Buy Now | 399.14% | Morgan Stanley | — | — | Maintains | Equal-Weight | Get Alert |
| 08/30/2021 | Buy Now | 502.41% | CL King | Todd Brooks | — | Initiates | → Buy | Get Alert |
| 08/19/2021 | Buy Now | 588.47% | Raymond James | Brian Vaccaro | — | Maintains | Outperform | Get Alert |
| 08/19/2021 | Buy Now | 295.87% | Wells Fargo | Jon Tower | — | Maintains | Underweight | Get Alert |
FAQ
What is the target price for Red Robin Gourmet Burgers (RRGB) stock?
The latest price target for Red Robin Gourmet Burgers (NASDAQ:RRGB) was reported by Lake Street on May 30, 2024. The analyst firm set a price target for $17.00 expecting RRGB to rise to within 12 months (a possible 192.60% upside). 9 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Red Robin Gourmet Burgers (RRGB)?
The latest analyst rating for Red Robin Gourmet Burgers (NASDAQ:RRGB) was provided by Lake Street, and Red Robin Gourmet Burgers maintained their buy rating.
When was the last upgrade for Red Robin Gourmet Burgers (RRGB)?
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.
When was the last downgrade for Red Robin Gourmet Burgers (RRGB)?
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.
When is the next analyst rating going to be posted or updated for Red Robin Gourmet Burgers (RRGB)?
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 May 30, 2024 so you should expect the next rating to be made available sometime around May 30, 2025.
Is the Analyst Rating Red Robin Gourmet Burgers (RRGB) correct?
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 $17.00. The current price Red Robin Gourmet Burgers (RRGB) is trading at is $5.81, which is out of the analyst’s predicted range.
Browse analyst ratings and price targets on all stocks.