Red Robin Gourmet Burgers Inc (NASDAQ: RRGB) stock suffered a major decline of -13.0% on 2/29/24. The shares closed at $7.48. Moreover, this decline was accompanied by exceptionally high trading volume at 564% of normal. The stock has been weak relative to the market over the last nine months and has declined -13.5% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, RRGB is expected to continue to be Value Creation neutral.
Red Robin Gourmet Burgers has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects complementary signals from PTR’s two proprietary measures of a stock’s attractiveness. Red Robin Gourmet Burgers has a slightly negative Power Rating of 31 and a very low Appreciation Score of 1, triggering the Lowest Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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