Is Red Robin Gourmet Burgers Stock a good buy in 2023, according to Wall Street analysts?
The consensus among 1 Wall Street analyst covering (NASDAQ: RRGB) stock is to Strong Buy RRGB stock.
Out of 1 analyst, 1 (100%) are recommending RRGB as a Strong Buy, 0 (0%) are recommending RRGB as a Buy, 0 (0%) are recommending RRGB as a Hold, 0 (0%) are recommending RRGB as a Sell, and 0 (0%) are recommending RRGB as a Strong Sell.
What is RRGB's forecast return on equity (ROE) for 2023-2023?
(NASDAQ: RRGB) forecast ROE is 78.96%, which is considered strong.
What is RRGB's Price Target?
According to 1 Wall Street analyst that have issued a 1 year RRGB price target, the average RRGB price target is $22.00, with the highest RRGB stock price forecast at $22.00 and the lowest RRGB stock price forecast at $22.00.
The Wall Street analyst predicted that Red Robin Gourmet Burgers's share price could reach $22.00 by Aug 18, 2024. The average Red Robin Gourmet Burgers stock price prediction forecasts a potential upside of 176.38% from the current RRGB share price of $7.96.
What is RRGB's forecast return on assets (ROA) for 2023-2023?
(NASDAQ: RRGB) forecast ROA is 0.3%, which is lower than the forecast US Restaurants industry average of 15.35%.
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