The shares of Red Robin Gourmet Burgers Inc. (NASDAQ:RRGB) has been pegged with a rating of Buy by Maxim Group in its latest research note that was published on November 07, 2019. The Consumer Cyclical company has also assigned a $42 price target. Maxim Group wasn’t the only research firm that published a report of Red Robin Gourmet Burgers Inc., with other equities research analysts also giving their opinion on the stock. The stock had earned Buy rating from Maxim Group Markets when it published its report on August 07, 2019. That day the Maxim Group set price target on the stock to $44. The stock was given Buy rating by Maxim Group in its report released on June 14, 2019, the day when the price target on the stock was placed at 49. Maxim Group was of a view that RRGB is Hold in its latest report on May 16, 2019. Maxim Group thinks that RRGB is worth Hold rating. This was contained in the firm’s report on April 05, 2019 in which the stock’s price target was also moved to 25.
The price of the stock the last time has raised by 317.82% from its 52-Week high price while it is -54.73% than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 59.59.
The shares of the company dipped by -11.99% during the trading session on Tuesday, reaching a low of $16.68 while ending the day at $16.88. During the trading session, a total of 1.69 million shares were traded which represents a -86.93% decline from the average session volume which is 0.9 million shares. RRGB had ended its last session trading at $19.18. Red Robin Gourmet Burgers Inc. debt-to-equity ratio currently stands at 0.60, while its quick ratio hovers at 0.40 RRGB 52-week low price stands at $4.04 while its 52-week high price is $37.29.
The company in its last quarterly report recorded -$0.36 earnings per share which is below the predicted by most analysts. The Red Robin Gourmet Burgers Inc. generated 30.05 million in revenue during the last quarter. In the second quarter last year, the firm recorded -$0.24 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 152.78%. Red Robin Gourmet Burgers Inc. has the potential to record -6.08 EPS for the current fiscal year, according to equities analysts.
It started the day trading at $0.52 and traded between $0.435 and $0.49 throughout the trading session.
A look at its technical shows that LLIT’s 50-day SMA is 0.4403 while its 200-day SMA stands at 0.6763. The stock has a high of $3.38 for the year while the low is $0.32. The stock, however, witnessed a rise in its short on 05/29/20. Compared to previous close which recorded 368717.07 shorted shares, the short percentage went lower by -24.47%, as 278,492 RRGB shares were shorted. At the moment, only 2.55% of Lianluo Smart Limited shares were sold short. The company’s average trading volume currently stands at 1.66M shares, which means that the short-interest ratio is just 0.22 days. Over the past seven days, the company moved, with its shift of 19.40%. Looking further, the stock has raised 1.74% over the past 90 days while it gained 0.12% over the last six months.
UBS Securities LLC meanwhile bought more LLIT shares in the recently filed quarter, changing its stake to $28,372 worth of shares.
Following these latest developments, around 52.90% of Lianluo Smart Limited stocks are owned by institutional investors and hedge funds.