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Red Robin (RRGB) Stock Moves -1.17%: What You Should Know

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The most recent trading session ended with Red Robin (RRGB - Free Report) standing at $10.18, reflecting a -1.17% shift from the previouse trading day's closing. This move was narrower than the S&P 500's daily loss of 1.61%. Elsewhere, the Dow saw a downswing of 0.82%, while the tech-heavy Nasdaq depreciated by 2.23%.

Shares of the casual restaurant chain have depreciated by 12.93% over the course of the past month, underperforming the Retail-Wholesale sector's gain of 1.31% and the S&P 500's gain of 3.28%.

Analysts and investors alike will be keeping a close eye on the performance of Red Robin in its upcoming earnings disclosure. The company is expected to report EPS of -$0.43, up 68.15% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $304.73 million, up 5.05% from the prior-year quarter.

Any recent changes to analyst estimates for Red Robin should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.

The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Red Robin is currently a Zacks Rank #3 (Hold).

The Retail - Restaurants industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 156, finds itself in the bottom 39% echelons of all 250+ industries.

The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.


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