Red Robin (RRGB) Sees a More Significant Dip Than Broader Market: Some Facts to Know

Red Robin (RRGB) closed at $11.07 in the latest trading session, marking a -0.45% move from the prior day. The stock's change was less than the S&P 500's daily loss of 0.34%. Meanwhile, the Dow experienced a rise of 0.03%, and the technology-dominated Nasdaq saw a decrease of 0.56%.

Coming into today, shares of the casual restaurant chain had gained 11.26% in the past month. In that same time, the Retail-Wholesale sector gained 3.02%, while the S&P 500 gained 2.56%.

Analysts and investors alike will be keeping a close eye on the performance of Red Robin in its upcoming earnings disclosure. The company's upcoming EPS is projected at -$0.43, signifying a 68.15% increase compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $304.73 million, up 5.05% from the year-ago period.

Any recent changes to analyst estimates for Red Robin should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 5.43% lower. Red Robin presently features a Zacks Rank of #3 (Hold).

The Retail - Restaurants industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 96, finds itself in the top 39% echelons of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.

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Red Robin Gourmet Burgers, Inc. (RRGB): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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