$RRGB Take a bite of Red Robin Burger pre earnings, Reversal ?
Sentiment in 
RRGB is not great heading into earnings, this analysis is purely highlighting the possibility of a reversal trade in a extremely beaten down stock. There is the possibility that it is so bad it's good, but very risky, considering that revenue and earnings are expected to be a miss as a result of high labour costs, new advertising campaigns and store remodeling. The stock has a very high short interest, so any upside surprise and a huge short squeeze will rocket it higher.
Remember it is risky.
AVERAGE ANALYSTS PRICE TARGET $31.67
AVERAGE ANALYSTS RECOMMENDATION HOLD
SHORT INTEREST 26.43%
COMPANY PROFILE
Red Robin Gourmet Burgers, Inc. develops, operates, and franchises full-service restaurants North America. It serves a variety of salads, soups, appetizers, entrees, seafood and desserts
RRGB is not great heading into earnings, this analysis is purely highlighting the possibility of a reversal trade in a extremely beaten down stock. There is the possibility that it is so bad it's good, but very risky, considering that revenue and earnings are expected to be a miss as a result of high labour costs, new advertising campaigns and store remodeling. The stock has a very high short interest, so any upside surprise and a huge short squeeze will rocket it higher. Remember it is risky.
AVERAGE ANALYSTS PRICE TARGET $31.67
AVERAGE ANALYSTS RECOMMENDATION HOLD
SHORT INTEREST 26.43%
COMPANY PROFILE
Red Robin Gourmet Burgers, Inc. develops, operates, and franchises full-service restaurants North America. It serves a variety of salads, soups, appetizers, entrees, seafood and desserts
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.