Red Robin Gourmet Burgers Bolsa (NASDAQ: RRGB)

Red Robin Gourmet Burgers (NASDAQ:RRGB) Bolsa

Red Robin Gourmet Burgers

Red Robin Gourmet Burgers Inc is a restaurant operator. The company develops, operates, and franchises casual-dining restaurants and fast-casual restaurants in North America. Its brands are Red Robin, Red Robin Gourmet Burgers, Red Robin America's Gourmet Burgers and Spirits, Red Robin Burger Works, YUMMM, Red Robin Gourmet Burgers and Brews, and Red Robin Royalty names and logos. The company's revenue consists of sales from restaurant operations, gift card breakage, franchise royalties and fees, and other miscellaneous revenue.

News

Markets

Movers

Trading Ideas

BBAI

CRON

DOYU

RRGB

UBXG

URBN

Los futuros de acciones de EE.UU. suben mientras las acciones de Ubiquiti, Red Robin, BigBear.ai y otras caen un en el premercado de hoy.

Acciones cayendo en el premercado del viernes: Ubiquiti, Red Robin, BigBear.ai y más

Long Ideas

Pre-Market Outlook

MODG

Las principales acciones de consumo sobrevendidas con RSI bajo, ofreciendo oportunidades únicas de inversión.

3 acciones de consumo que están preparadas para despegar este mes

Earnings

INTU

ROST

WDAY

Aquí tienes cinco acciones estadounidenses que podrían llamar la atención de los inversores este viernes: INTU, ROST, COE, WDAY y RRGB.

5 acciones en el foco este viernes: INTU, ROST, COE, WDAY y RRGB

Red Robin Gourmet Burgers, Inc. - Common Stock

Red Robin Gourmet Burgers Inc

WIIM

CAKE

CAVA

FWRG

JACK

KRUS

NDLS

PTLO

PZZA

SHAK

STKS

TXRH

WING

YOSH

Shares of restaurant companies are trading lower. The sector may be down after Wingstop reported a Q4 revenue miss and reported an increase in the cost of food, beverage and packaging costs, including a rise in the cost bone-in chicken wings.

Preliminary Revenue Results for the Fourth Quarter of Fiscal 2024 as Compared to the Fourth Quarter of Fiscal 2023:
<ul>
<li>Total revenue is expected to be approximately $285.2 million, a decrease of $23.8 million, primarily due to the fourth quarter of fiscal 2024 including 12 operating weeks compared to 13 operating weeks in the fourth quarter of fiscal 2023.
<ul>
<li>Restaurant revenue is expected to be approximately $280.6 million.</li>
<li>Franchise royalties, fees and other revenue is expected to be approximately $4.6 million.</li>
</ul>
</li>
<li>Comparable restaurant revenue (1) is expected to increase 3.4%, excluding the impact of a change in deferred loyalty revenue. Including this impact, Comparable restaurant revenue (1) is expected to increase 1.8%.</li>
</ul>

Red Robin Gourmet Burgers Reported Q4 Revenue Of $285.2M, Down By $23.8M YoY

Offerings

Red Robin Gourmet Burgers Files For Shelf Of Up To 1.6M Shares Of Common Stock By Selling Stockholders

Red Robin Gourmet Burgers shares are trading lower after the company reported worse-than-expected adjusted EPS results.

Red Robin Gourmet Burgers (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RRGB#NASDAQ">RRGB</a>) reported quarterly losses of $(1.13) per share which missed the analyst consensus estimate of $(0.96) by 17.71 percent. This is a 43.04 percent decrease over losses of $(0.79) per share from the same period last year. The company reported quarterly sales of $274.638 million which beat the analyst consensus estimate of $270.747 million by 1.44 percent. This is a 1.05 percent decrease over sales of $277.560 million the same period last year.

Earnings Beats

Earnings Misses

Red Robin Gourmet Burgers Q3 2024 Adj. EPS $(1.13) Misses $(0.96) Estimate, Sales $274.638M Beat $270.747M Estimate

Red Robin Gourmet Burgers (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RRGB#NASDAQ">RRGB</a>) affirms FY2024 sales outlook from $1.25 billion to $1.25 billion.

Guidance

Red Robin Gourmet Burgers Affirms FY2024 Sales Guidance to $1.25B  VS Est. $1.25B

The Dow Jones index closed higher by more than 200 points on Thursday. When insiders purchase or sell shares, it indicates their confidence or concern around the company&#8217;s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.
Below is a look at a few recent notable insider transactions for penny stocks. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Red Robin</h3>
<ul>
<li>The Trade: Red Robin Gourmet Burgers, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RRGB#NASDAQ">RRGB</a>) President and CEO Gerard Johan Hart <a href="https://www.benzinga.com/sec/insider-trades/">bought a total of 10,000 shares</a> at an average price of $3.15. To acquire these shares, it cost around $31,526.</li>
<li>What's Happening: On Aug. 22, Red Robin reported downbeat earnings for its second quarter and lowered its FY24 revenue guidance.</li>
<li>What Red Robin Does: Red Robin Gourmet Burgers Inc is a restaurant operator. The company develops, operates, and franchises casual-dining restaurants and fast-casual restaurants in North America.</li>
</ul>
<h3 class="wp-block-heading">DarioHealth</h3>
<ul>
<li>The Trade: DarioHealth Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DRIO#NASDAQ">DRIO</a>) Chief Commercial Officer Steven Charles Nelson <a href="https://www.benzinga.com/sec/insider-trades/">acquired a total of 10,000 shares at</a> an average price of $0.82. To acquire these shares, it cost around $8,244.</li>
<li>What's Happening: On Aug. 8, DarioHealth posted second-quarter GAAP earnings of 8 cents per share.</li>
<li>What DarioHealth Does: DarioHealth Corp is a digital therapeutics (DTx) company delivering personalized evidence-based interventions that are driven by precision data analytics, software, and personalized coaching.</li>
</ul>
<h3 class="wp-block-heading">Nerdy</h3>
<ul>
<li>The Trade: Nerdy Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRDY#NYSE">NRDY</a>) Director Abigail Blunt <a href="https://www.benzinga.com/sec/insider-trades/">acquired a total of 49,045 shares</a> at an average price of $0.91. The insider spent around $44,631 to buy those shares.</li>
<li>What's Happening: On Aug. 8, Nerdy reported worse-than-expected second-quarter revenue.</li>
<li>What Nerdy Does: Nerdy Inc is a curated direct-to-consumer platform for live online learning. Its purpose-built proprietary platform leverages technology, including AI, to connect learners of all ages to experts, delivering superior value on both sides of the network. </li>
</ul>
Read Next:<a href="https://www.benzinga.com/trading-ideas/long-ideas/24/09/40831857/paypal-is-a-buy-jim-cramer-says-as-for-rivian-let-it-percolate"> </a>
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/09/40831857/paypal-is-a-buy-jim-cramer-says-as-for-rivian-let-it-percolate">PayPal Is A Buy, Jim Cramer Says: As For Rivian? &#8216;Let It Percolate&#8217;</a></li>
</ul>

Penny Stocks

Insider Trades

DRIO

NRDY

DarioHealth And 2 Other Stocks Under $5 Executives Are Buying

The Dow Jones index closed lower by more than 200 points on Thursday. When insiders purchase or sell shares, it indicates their confidence or concern around the company&#8217;s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.
Below is a look at a few recent notable insider transactions for penny stocks. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Cyanotech</h3>
<ul>
<li>The Trade: Cyanotech Corporation (OTC:: CYAN) Director Michael A / Davis <a href="https://www.benzinga.com/sec/insider-trades/">bought a total of 47,037 shares</a> at an average price of $0.82. To acquire these shares, it cost around $8,200.</li>
<li>What's Happening: On Aug. 7, Cyanotech announced financial results for the first quarter of fiscal year 2025, ended June 30, 2024.</li>
<li>What Cyanotech Does: Cyanotech Corp is engaged in the production of natural products derived from microalgae for the nutritional supplements market.</li>
</ul>
<h3 class="wp-block-heading">Emeren Group</h3>
<ul>
<li>The Trade: Emeren Group Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOL#NYSE">SOL</a>) 10% owner Shah Capital Management<a href="https://www.benzinga.com/sec/insider-trades/"> acquired a total of 70,194 shares</a> at an average price of $1.84. To acquire these shares, it cost around $129,322.</li>
<li>What's Happening: On Sept. 3, Emeren named Dr. Ramki Srinivasan to its Board of Directors.</li>
<li>What Emeren Group Does: Emeren Group Ltd is a solar project developer and operator, a solar downstream player.</li>
</ul>
<h3 class="wp-block-heading">Red Robin Gourmet Burgers</h3>
<ul>
<li>The Trade: Red Robin Gourmet Burgers, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RRGB#NASDAQ">RRGB</a>) CFO Joshua Todd Wilson <a href="https://www.benzinga.com/sec/insider-trades/">acquired a total of 5,000 shares</a> at an average price of $3.60. The insider spent around $18,000 to buy those shares.</li>
<li>What's Happening: On Aug. 22, Red Robin reported downbeat earnings for its second quarter and lowered its FY24 revenue guidance.</li>
<li>What Red Robin Does: Red Robin Gourmet Burgers Inc is a restaurant operator.</li>
</ul>
<h3 class="wp-block-heading">Nanophase Technologies</h3>
<ul>
<li>The Trade: Nanophase Technologies Corporation (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NANX#OTC">NANX</a>) Director R Janet Whitmore <a href="https://www.benzinga.com/quote/NANX/analyst-ratings">acquired a total of 9,263 shares</a> at an average price of $1.50. The insider spent around $13,889 to buy those shares.</li>
<li>What's Happening: On Aug. 6, Nanophase Technologies posted an increase in second-quarter sales.</li>
<li>What Nanophase Technologies Does: Nanophase Technologies Corp is engaged in the production of engineered nanomaterial solutions and larger, sub-micron, materials such as personal care sunscreens, architectural coatings, industrial coating applications, and abrasion-resistant additives, plastics additives, medical diagnostics, energy.</li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/top-stories/24/09/40730015/jim-cramer-oklo-is-losing-money-hand-over-fist-but-this-private-equity-stock-is-a-buy">Jim Cramer: Oklo Is Losing Money &#8216;Hand-Over-Fist,&#8217; But This Private Equity Stock Is A Buy</a></li>
</ul>

NANX

Red Robin And 3 Other Stocks Under $5 Executives Are Buying

The most oversold stocks in the consumer discretionary sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the<a href="https://www.benzinga.com/topic/rsi"> RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">Red Robin Gourmet Burgers Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RRGB#NASDAQ">RRGB</a>)</h3>
<ul>
<li>On Aug. 22, Red Robin Gourmet Burgers reported worse-than-expected second-quarter adjusted EPS results and lowered its FY24 revenue guidance below estimates.. The company's stock fell around 38% over the past month and has a <a href="https://www.benzinga.com/quote/RRGB">52-week low of $3.28</a>.</li>
<li>RSI Value: 28.02</li>
<li>RRGB Price Action: Shares of Red Robin fell 4.6% to close at $3.34 on Tuesday.</li>
<li>Benzinga Pro's real-time newsfeed alerted to latest<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent090424&amp;t=be2bearmibe3na1"> RRGB news. </a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent090424&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="907" height="842" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/04084152/image-13.png" alt="" class="wp-image-529356" style="width:658px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/04084152/image-13.png 907w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/04084152/image-13-300x279.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/04084152/image-13-768x713.png 768w" sizes="(max-width: 907px) 100vw, 907px" /></a></figure>
<h3 class="wp-block-heading">Advance Auto Parts, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAP#NYSE">AAP</a>)&nbsp;&nbsp;&nbsp;</h3>
<ul>
<li>On Aug. 22, The company reported earnings per share of 75 cents, missing the street view of $1.07. Quarterly sales of $2.683 billion beat the street view of $2.679 billion. Revenues remained flat, while comparable store sales increased 0.4%. Advance Auto Parts has revised its FY24 outlook, lowering its earnings per share forecast to $2.00 – $2.50 from the previous range of $3.75 – $4.25, which contrasts with the $3.63 estimate. The company's stock fell around 26% over the past month. It <a href="https://www.benzinga.com/quote/AAP">has a 52-week low</a> of $43.70.</li>
<li>RSI Value: 21.42</li>
<li>AAP Price Action: Shares of Advance Auto Parts closed at $43.72 on Tuesday.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent090424&amp;t=be2bearmibe3na1">trend in AAP stock. </a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent090424&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="913" height="837" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/04084242/image-1-6.png" alt="" class="wp-image-529357" style="width:635px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/04084242/image-1-6.png 913w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/04084242/image-1-6-300x275.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/04084242/image-1-6-768x704.png 768w" sizes="(max-width: 913px) 100vw, 913px" /></a></figure>
<h3 class="wp-block-heading">Designer Brands Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DBI#NYSE">DBI</a>)</h3>
<ul>
<li>On June 4, Designer Brands reported worse-than-expected first-quarter earnings. The company reported first-quarter FY24 sales growth of 0.6% year-on-year to $746.596 million, beating the analyst consensus estimate of $741.630 million. The company's shares fell around 22% over the past five days and has a 52-week <a href="https://www.benzinga.com/quote/DBI">low of $5.99</a>.</li>
<li>RSI Value: 29.52</li>
<li>DBI Price Action: Shares of Designer Brands closed at $6.13 on Tuesday.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent090424&amp;t=be2bearmibe3na1">breakout in DBI shares</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent090424&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="883" height="801" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/04084409/image-14.png" alt="" class="wp-image-529364" style="width:582px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/04084409/image-14.png 883w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/04084409/image-14-300x272.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/04084409/image-14-768x697.png 768w" sizes="(max-width: 883px) 100vw, 883px" /></a></figure>
Read Next: 
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<li><a href="https://www.benzinga.com/24/09/40700380/dollar-tree-dicks-sporting-goods-and-3-stocks-to-watch-heading-into-wednesday">Dollar Tree, Dick&#8217;s Sporting Goods And 3 Stocks To Watch Heading Into Wednesday</a></li>
</ul>

Top 3 Consumer Stocks That Could Blast Off This Quarter

Red Robin Gourmet Burgers, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rrgb#NASDAQ">RRGB</a>)&nbsp;posted mixed second-quarter fiscal 2024 results, with earnings missing the Zacks Consensus Estimate and revenues beating the same. The top line increased year over year, while the bottom line fell from the prior-year quarter&#39;s levels.
Following the results, the company&#39;s shares declined 14% during the after-hours trading session on Aug 22. Negative investor sentiments were witnessed as the company lowered its 2024 guidance on account of a broader industry slowdown.
<h2>Delving Deeper</h2>
In the fiscal second quarter, RRGB recorded an adjusted loss per share of 48 cents, wider than the Zacks Consensus Estimate of a loss of 41 cents. The company reported an adjusted loss per share of 24 cents in the prior-year quarter.
<div class="chart_embed">
<h3>Red Robin Gourmet Burgers, Inc. Price, Consensus and EPS Surprise</h3>
<img alt="Red Robin Gourmet Burgers, Inc. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/6b/1724414684.png" style="height:265px; width:572px" title="" />
Red Robin Gourmet Burgers, Inc. price-consensus-eps-surprise-chart | Red Robin Gourmet Burgers, Inc. Quote
Quarterly revenues of $300.2 million beat the consensus mark of $296 million. The top line inched up 0.5% year over year. In the quarter under review, comparable restaurant revenues increased 1.4% year over year.
</div>
<h2>Operating Results</h2>
The restaurant-level operating profit margin was 11.8% in the fiscal second quarter (compared with 12.6% in the prior-year quarter). The figure compares to our projection of 11.9%.
In the fiscal second quarter, restaurant labor costs increased 3.9% year over year to $113.9 million. The figure compares to our projection of $112.2 million.
Other operating costs came in at $51.7 million compared with $51.8 million reported in the prior-year quarter. The figure compares to our projection of $54.3 million.
Adjusted earnings before interest expenses, income taxes, depreciation and amortization (EBITDA) in the fiscal second quarter amounted to $11.8 million compared with $15.5 million in the prior-year quarter. Our estimate for the metric was $14.1 million.
<h2>Other Financial Information</h2>
As of Jul 14, 2024, RRGB had cash and cash equivalents of $23.1 million compared with $23.6 million as of Dec 31, 2023. Long-term debt, as of Jul 14, 2024, was $162.3 million compared with $182.6 million in the prior-year quarter. Inventories in the quarter were $27.3 million compared with $27.1 million in the previous quarter.
<h2>2024 Guidance</h2>
For the fiscal 2024, the company expects total revenues to be approximately $1.25 billion compared with the previous expectation of $1.25-$1.275 billion. Restaurant-level operating profit is anticipated in the range of 11-11.5% down from the previous expectation of 12.5-13.5%. Capital expenditures are anticipated to be between $25 million and $30 million. In 2024, adjusted EBITDA is expected in the range of $40-$45 million, down from the previous expectation of $60-$70 million.
<h2>Zacks Rank</h2>
Red Robin currently has a Zacks Rank #4 (Sell).
<h2>Recent Retail-Wholesale Releases</h2>
Starbucks Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sbux#NASDAQ">SBUX</a>) reported mixed third-quarter fiscal 2024 results, with earnings meeting the Zacks Consensus Estimate and revenues missing the same. The top and the bottom line declined on a year-over-year basis. The downside was due to the competitive market dynamics in China, macro challenges and price wars.
In the fiscal third quarter, the company reported adjusted EPS of 93 cents, in line with the Zacks Consensus Estimate. The bottom line declined 7% year over year from $1.00. Quarterly revenues of $9,113.9 million missed the Zacks Consensus Estimate of $9,224 million. The top line dropped 0.6% on a year-over-year basis due to dismal international revenues. Global comparable store sales declined 3% year over year. The downside was accompanied by a decline of 5% in comparable transactions, partially overshadowed by a 2% increase in average tickets.
Chipotle Mexican Grill, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cmg#NYSE">CMG</a>) released impressive second-quarter 2024 results, with earnings and revenues beating the Zacks Consensus Estimate. The top and the bottom line increased on a year-over-year basis. During the quarter, CMG benefited from successful promotions regarding Chicken Al Pastor driving significant engagement and sales. Also, the emphasis on throughput and staff training proved effective in meeting heightened demand and supported transaction growth.
During the second quarter, CMG reported adjusted EPS of 34 cents, outpacing the Zacks Consensus Estimate of 31 cents. The bottom line increased 36% from 25 cents reported in the year-ago quarter. Quarterly revenues of $2.97 billion surpassed the consensus mark of $2.94 billion by 1.3%. The top line rose 18.2% on a year-over-year basis. The upside was driven by strong comparable restaurant sales growth backed by increased transactions (8.7%) and average checks (2.4%).
McDonald&#39;s Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mcd#NYSE">MCD</a>) reported drab second-quarter 2024 results, with earnings and revenues missing the Zacks Consensus Estimate. The top and the bottom line declined on a year-over-year basis. The dismal performance was caused by a pressured industry landscape and the war in the Middle East.
During the second quarter, McDonald&#39;s reported adjusted EPS of $2.97, missing the Zacks Consensus Estimate of $3.08. Moreover, adjusted earnings declined 6% year over year. Quarterly net revenues of $6,490 million lagged the consensus mark of $6,651 million. The top line dropped 0.1% year over year. Global comps declined 1% against 11.7% growth in the prior-year quarter.
<a href="https://www.zacks.com/stock/news/2326559/red-robin-rrgb-q2-earnings-lag-estimates-revenues-beat?cid=CS-BENZ-FT-analyst_blog|earnings_article-2326559">To read this article on Zacks.com click here.</a>

Large Cap

Retail Sales

Small Cap

Analyst Ratings

SBUX

Red Robin Q2 Earnings Lag Estimates, Revenues Beat

U.S. stocks traded higher toward the end of trading, with the Nasdaq Composite gaining over 1% on Friday.
The Dow traded up 0.89% to 41,073.20 while the NASDAQ rose 1.22% to 17,835.11. The S&amp;P 500 also rose, gaining, 0.90% to 5,621.03.
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/08/40526660/jim-cramer-praises-l3harris-technologies-says-intel-is-getting-whacked-by-amd-i-much-pre"> Jim Cramer Praises L3Harris Technologies, Says Intel Is &#8216;Getting Whacked&#8217; By AMD: &#8216;I Much Prefer&#8230;&#8217;</a>
Leading and Lagging Sectors Real estate shares climbed by 1.9% on Friday.
In trading on Friday, consumer staples shares fell by 0.1%.
Top Headline
The total number of active U.S. oil rigs came in unchanged at 483 rigs this week, Baker Hughes Inc reported
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Sequans Communications S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQNS#NYSE">SQNS</a>) shares shot up 115% to $1.1590 after the company reported a year-over-year increase in preliminary second-quarter revenue results.</li>
<li>Shares of CAVA Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAVA#NYSE">CAVA</a>) got a boost, surging 21% to $123.08 as the company reported better-than-expected second-quarter financial results on Thursday.</li>
<li>Workday, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>) shares were also up, gaining 13% to $260.14 as the company upbeat earnings for the second quarter.</li>
</ul>
Equities Trading DOWN
<ul>
<li>iQIYI, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IQ#NASDAQ">IQ</a>) shares dropped 10% to $2.3450 after Benchmark downgraded the stock from Buy to Hold.</li>
<li>Shares of Farmmi, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAMI#NASDAQ">FAMI</a>) were down 57% to $0.2454 after the company announced the pricing of $1 million registered direct offering.</li>
<li>Red Robin Gourmet Burgers, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RRGB#NASDAQ">RRGB</a>) was down, falling 8% to $4.3516 as the company reported downbeat earnings for its second quarter and lowered its FY24 revenue guidance.</li>
</ul>
Commodities In commodity news, oil traded up 2.7% to $74.95 while gold traded up 1.2% at $2,546.00.
Silver traded up 2.8% to $29.845 on Friday, while copper rose 1.5% to $4.2085.
Euro zone
European shares closed higher today. The eurozone's STOXX 600 gained 0.46%, Germany's DAX rose 0.76% and France's CAC 40 gained 0.70%. Spain's IBEX 35 Index rose 1.09%, while London's FTSE 100 rose 0.48%.
Median expectations for inflation over the next 12 months for the Eurozone came in unchanged at 2.8% for the third month in a row. The manufacturing climate indicator in France climbed to 98.8 in August from 95.4 in July.
Asia Pacific Markets
Asian markets closed mostly higher on Friday, with Japan's Nikkei 225 gaining 0.40%, Hong Kong's Hang Seng Index falling 0.16%, China's Shanghai Composite Index rising 0.20% and India's BSE Sensex rising 0.04%.
The annual inflation rate in Japan came in at 2.8% in July, holding steady for the third month in a row.
Economics
<ul>
<li>U.S. building permits declined by 3.3% to an annual rate of 1.406 million in July.</li>
<li>Sales of new single-family houses in the U.S. jumped by 10.6% from the prior month to a rate of 739 thousand homes in July.</li>
<li>The total number of active U.S. oil rigs came in unchanged at 483 rigs this week, Baker Hughes Inc reported.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/24/08/40526663/top-2-risk-off-stocks-that-may-crash-in-q3"> </a>
<ul>
<li><a href="https://www.benzinga.com/news/24/08/40526663/top-2-risk-off-stocks-that-may-crash-in-q3">Top 2 Risk Off Stocks That May Crash In Q3</a></li>
</ul>

Equities

Eurozone

Commodities

FAMI

SQNS

Nasdaq Surges Over 1%; Workday Shares Climb After Q2 Earnings

U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining around 150 points on Friday.
The Dow traded up 0.63% to 40,969.43 while the NASDAQ rose 0.84% to 17,767.15. The S&amp;P 500 also rose, gaining, 0.60% to 5,603.85.
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/08/40526660/jim-cramer-praises-l3harris-technologies-says-intel-is-getting-whacked-by-amd-i-much-pre">Jim Cramer Praises L3Harris Technologies, Says Intel Is &#8216;Getting Whacked&#8217; By AMD: &#8216;I Much Prefer&#8230;&#8217;</a> 
Leading and Lagging Sectors Information technology shares climbed by 2.1% on Friday.
In trading on Friday, consumer staples shares rose by just 0.1%.
Top Headline
On Thursday, Intuit Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>) reported better-than-expected results for its fourth quarter and issued strong FY25 EPS guidance.
Also, the company approved a new $3 billion repurchase authorization.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Sequans Communications S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQNS#NYSE">SQNS</a>) shares shot up 130% to $1.2602 after the company reported a year-over-year increase in preliminary second-quarter revenue results.</li>
<li>Shares of CAVA Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAVA#NYSE">CAVA</a>) got a boost, surging 17% to $119.25 as the company reported better-than-expected second-quarter financial results on Thursday.</li>
<li>Workday, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>) shares were also up, gaining 11% to $256.99 as the company upbeat earnings for the second quarter.</li>
</ul>
Equities Trading DOWN
<ul>
<li>ZKH Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZKH#NASDAQ">ZKH</a>) shares dropped 11% to $3.40. ZKH Group recently reported worse-than-expected second-quarter sales results.</li>
<li>Shares of Farmmi, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAMI#NASDAQ">FAMI</a>) were down 59% to $0.2381 after the company announced the pricing of $1 million registered direct offering.</li>
<li>Red Robin Gourmet Burgers, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RRGB#NASDAQ">RRGB</a>) was down, falling 9% to $4.3150 as the company reported downbeat earnings for its second quarter and lowered its FY24 revenue guidance.</li>
</ul>
Commodities In commodity news, oil traded up 2.1% to $74.55 while gold traded up 1.4% at $2,553.00.
Silver traded up 2.6% to $29.805 on Friday, while copper rose 1.2% to $4.1985.
Euro zone
European shares were higher today. The eurozone's STOXX 600 gained 0.39%, Germany's DAX rose 0.75% and France's CAC 40 gained 0.58%. Spain's IBEX 35 Index rose 0.81%, while London's FTSE 100 rose 0.29%.
Median expectations for inflation over the next 12 months for the Eurozone came in unchanged at 2.8% for the third month in a row. The manufacturing climate indicator in France climbed to 98.8 in August from 95.4 in July.
Asia Pacific Markets
Asian markets closed mostly higher on Friday, with Japan's Nikkei 225 gaining 0.40%, Hong Kong's Hang Seng Index falling 0.16%, China's Shanghai Composite Index rising 0.20% and India's BSE Sensex rising 0.04%.
The annual inflation rate in Japan came in at 2.8% in July, holding steady for the third month in a row.
Economics
<ul>
<li>U.S. building permits declined by 3.3% to an annual rate of 1.406 million in July.</li>
<li>Sales of new single-family houses in the U.S. jumped by 10.6% from the prior month to a rate of 739 thousand homes in July.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/24/08/40526663/top-2-risk-off-stocks-that-may-crash-in-q3">Top 2 Risk Off Stocks That May Crash In Q3</a></li>
</ul>

Intraday Update

Crude Oil Gains 2%; Intuit Reports Upbeat Results

Benchmark analyst Todd Brooks maintains Red Robin Gourmet Burgers (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RRGB#NASDAQ">RRGB</a>) with a Buy and lowers the price target from $16 to $10.

Price Target

Benchmark Maintains Buy on Red Robin Gourmet Burgers, Lowers Price Target to $10

Lake Street analyst Mark Smith maintains Red Robin Gourmet Burgers (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RRGB#NASDAQ">RRGB</a>) with a Buy and lowers the price target from $17 to $16.

Lake Street Maintains Buy on Red Robin Gourmet Burgers, Lowers Price Target to $16

Craig-Hallum analyst Jeremy Hamblin maintains Red Robin Gourmet Burgers (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RRGB#NASDAQ">RRGB</a>) with a Buy and lowers the price target from $15 to $11.5.

Craig-Hallum Maintains Buy on Red Robin Gourmet Burgers, Lowers Price Target to $11.5

U.S. stock futures were higher this morning, with the Dow futures gaining around 150 points on Friday.
Shares of Ubiquiti Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UI#NYSE">UI</a>) fell sharply in today's pre-market trading after the company reported worse-than-expected fourth-quarter sales results.
Ubiquiti reported quarterly earnings of $1.74 per share which beat the analyst consensus estimate of $1.73 per share. The company reported quarterly sales of $507.46 million which missed the analyst consensus estimate of $511.62 million.
Ubiquiti shares dipped 7.6% to $163.22 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>Red Robin Gourmet Burgers, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RRGB#NASDAQ">RRGB</a>) fell 13.5% to $4.09 in pre-market trading as the company reported downbeat earnings for its second quarter and lowered its FY24 revenue guidance.</li>
<li>U-BX Technology Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UBXG#NASDAQ">UBXG</a>) shares dipped 6.3% to $29.90 in pre-market trading after declining 7% on Thursday.</li>
<li>Gold Fields Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GFI#NYSE">GFI</a>) shares fell 4.2% to $15.10 in pre-market trading after declining 5% on Thursday.</li>
<li>DouYu International Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOYU#NASDAQ">DOYU</a>) shares declined 2.6% to $17.09 in pre-market trading after declining 6% on Thursday.</li>
<li>Cronos Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRON#NASDAQ">CRON</a>) shares fell 2.6% to $2.25 in pre-market trading.</li>
<li>Medical Properties Trust, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPW#NYSE">MPW</a>) shares fell 2.2% to $4.44 in pre-market trading. Medical Properties Trust declared a regular quarterly cash dividend of 8 cents per share.</li>
<li>BigBear.ai Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBAI#NYSE">BBAI</a>) shares declined 2% to $1.59 in pre-market trading after falling 4% on Thursday.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/08/40521759/intuit-ross-stores-and-3-stocks-to-watch-heading-into-friday">Intuit, Ross Stores And 3 Stocks To Watch Heading Into Friday</a></li>
</ul>

Ubiquiti, Red Robin And Other Big Stocks Moving Lower In Friday's Pre-Market Session

The most oversold stocks in the consumer discretionary sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi">RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">Topgolf Callaway Brands Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MODG#NYSE">MODG</a>)</h3>
<ul>
<li>On Aug. 7, Topgolf Callaway Brands reported worse-than-expected second-quarter revenue results and issued soft third-quarter revenue guidance. &#8220;Despite macro headwinds including the cumulative impact of negative FX trends, persistently high inflation and recent softer-than-expected traffic to our Topgolf venues, I am incredibly proud of our team&#8217;s ability to drive market share gains in our products business as well as the continued strengthening of the digital capabilities and fundamental venue profitability at Topgolf,&#8221; commented Chip Brewer, President and Chief Executive Officer of Topgolf Callaway Brands. The company's stock fell around 27% over the past month and has a <a href="https://www.benzinga.com/quote/MODG">52-week low of $9.84</a>.</li>
<li>RSI Value: 29.11</li>
<li>MODG Price Action: Shares of Topgolf Callaway Brands fell 2.5% to close at $11.38 on Thursday.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082324&amp;t=be2bearmibe3na1">latest MODG news. </a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="895" height="840" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/23071456/image-219.png" alt="" class="wp-image-510493" style="width:652px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/23071456/image-219.png 895w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/23071456/image-219-300x282.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/23071456/image-219-768x721.png 768w" sizes="(max-width: 895px) 100vw, 895px" /></a></figure>
<h3 class="wp-block-heading">Red Robin Gourmet Burgers Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RRGB#NASDAQ">RRGB</a>)&nbsp;&nbsp;&nbsp;&nbsp;</h3>
<ul>
<li>On Aug. 22, Red Robin reported downbeat earnings for its second quarter and lowered its FY24 revenue guidance. G.J. Hart, Red Robin&#8217;s President and Chief Executive Officer said, &#8220;Our results for the second quarter and our reduced guidance for the year are not what we expected when we last communicated in May, with the slowdown experienced in the broader restaurant industry masking the substantial progress we continue to make against our North Star plan.&#8221; The company's stock fell around 22% over the past month. It <a href="https://www.benzinga.com/quote/RRGB">has a 52-week low</a> of $4.50</li>
<li>RSI Value: 26.81</li>
<li>RRGB Price Action: Shares of Red Robin fell 6.3% to close at $4.73 on Thursday.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082324&amp;t=be2bearmibe3na1">trend in RRGB stock. </a> </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="903" height="837" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/23071547/image-220.png" alt="" class="wp-image-510496" style="width:680px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/23071547/image-220.png 903w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/23071547/image-220-300x278.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/23071547/image-220-768x712.png 768w" sizes="(max-width: 903px) 100vw, 903px" /></a></figure>
<h3 class="wp-block-heading">Genius Group Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNS#NYSE">GNS</a>)</h3>
<ul>
<li>Genius Group announced a reverse stock split effective on Aug. 16. The company's shares fell around 32% over the past five days and has a 52-week<a href="https://www.benzinga.com/quote/GNS"> low of $1.03</a>.</li>
<li>RSI Value: 25.58</li>
<li>GNS Price Action: Shares of Genius Group fell 12.3% to close at $1.07 on Thursday.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082324&amp;t=be2bearmibe3na1">breakout in GNS shares. </a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="895" height="830" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/23071707/image-221.png" alt="" class="wp-image-510499" style="width:548px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/23071707/image-221.png 895w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/23071707/image-221-300x278.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/23071707/image-221-768x712.png 768w" sizes="(max-width: 895px) 100vw, 895px" /></a></figure>
Read More: 
<ul>
<li><a href="https://www.benzinga.com/markets/24/08/40523795/wall-streets-most-accurate-analysts-spotlight-on-3-defensive-stocks-delivering-high-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Spotlight On 3 Defensive Stocks Delivering High-Dividend Yields</a></li>
</ul>

Top 3 Consumer Stocks That Are Set To Fly This Month

Shares of Workday, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>) rose sharply in today's pre-market trading after the company reported its <a href="https://www.benzinga.com/news/24/08/40524603/workday-shares-are-trading-12-higher-in-premarket-today-heres-why">second-quarter financial results.</a>
Workday reported second-quarter revenue of $2.08 billion, beating the consensus estimate of $2.07 billion. The company reported adjusted earnings of $1.75 per share, beating analyst estimates of $1.65 per share, according to Benzinga Pro.
Workday shares jumped 11.9% to $258.47 in pre-market trading.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Sequans Communications S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQNS#NYSE">SQNS</a>) gained 146.5% to $1.34 in pre-market trading after reporting preliminary second quarter 2024 financial results.</li>
<li>Portage Biotech Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRTG#NASDAQ">PRTG</a>) rose 130.2% to $6.24 in today's pre-market trading.</li>
<li>Momentus Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNTS#NASDAQ">MNTS</a>) gained 87.6% to $1.07 in pre-market trading.</li>
<li>Elevai Labs Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELAB#NASDAQ">ELAB</a>) shares rose 34.1% to $0.3085 in pre-market trading.</li>
<li>Mural Oncology PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MURA#NASDAQ">MURA</a>) gained 19.2% to $3.91 in pre-market trading.</li>
<li>Perfect Moment Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PMNT#NYSE">PMNT</a>) gained 18.7% to $1.33 in pre-market trading after declining over 6% on Thursday.</li>
<li>Satellogic Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SATL#NASDAQ">SATL</a>) gained 17.7% to $1.20 in pre-market trading.</li>
<li>Pono Capital Two, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTWO#NASDAQ">PTWO</a>) gained 15.3% to $13.26 in pre-market trading after jumping 18% on Thursday.</li>
<li>Rezolve AI Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RZLV#NASDAQ">RZLV</a>) climbed 12% to $11.55 in pre-market trading. Revolve AI shares jumped 17% on Thursday after the company announced a partnership with ePages.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>WiMi Hologram Cloud Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WIMI#NASDAQ">WIMI</a>) shares fell 20.1% to $0.8307 in pre-market trading after jumping 37% on Thursday.</li>
<li>ShiftPixy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PIXY#NASDAQ">PIXY</a>) declined 14.2% to $0.97 in pre-market trading.</li>
<li>SRIVARU Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVMH#NASDAQ">SVMH</a>) shares declined 13.8% to $0.1363 in pre-market trading. SRIVARU Holding shares jumped 33% on Thursday after the company announced the formal launch of the PRANA 2.0 electric motorcycle at a major event in Chennai, India. Also, the company said it aims to increase production capacity to nearly 10,000 units per month by the end of 2024</li>
<li>Red Robin Gourmet Burgers, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RRGB#NASDAQ">RRGB</a>) fell 13.5% to $4.09 in pre-market trading as the company reported downbeat earnings for its second quarter and lowered its FY24 revenue guidance.</li>
<li>Air Industries Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIRI#NASDAQ">AIRI</a>) fell 12.7% to $6.26 in pre-market trading. Air Industries Group shares jumped 91% on Thursday after the company announced it received a $110 million contract for the production of Thrust Struts used in the GTF aircraft jet engine.</li>
<li>N2OFF, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NITO#NASDAQ">NITO</a>) shares fell 12.5% to $0.2704 in pre-market trading after gaining around 6% on Thursday. N2OFF recently announced the 111 MW project in Germany as part of an agreement with Solterra Renewable Energy.</li>
<li>ESS Tech, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GWH#NYSE">GWH</a>) shares declined 11.3% to $0.4792 in pre-market trading after declining 5% on Thursday.</li>
<li>Beneficient  (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BENF#NASDAQ">BENF</a>) fell 11.1% to $2.24 in today's pre-market trading after surging 9% on Thursday.</li>
<li>BurgerFi International, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BFI#NASDAQ">BFI</a>) shares fell 10.4% to $0.2011 in pre-market trading.</li>
<li>Staffing 360 Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STAF#NASDAQ">STAF</a>) shares dipped 9.2% to $2.78 in pre-market trading after surging 159% on Thursday.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/markets/24/08/40523795/wall-streets-most-accurate-analysts-spotlight-on-3-defensive-stocks-delivering-high-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Spotlight On 3 Defensive Stocks Delivering High-Dividend Yields</a></li>
</ul>

AIRI

BENF

ELAB

MNTS

MURA

NITO

PIXY

PMNT

PRTG

PTWO

RZLV

SATL

STAF

SVMH

WIMI

Why Workday Shares Are Trading Higher By Around 12%; Here Are 20 Stocks Moving Premarket

With U.S. stock futures trading higher this morning on Friday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Intuit Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>) <a href="https://www.benzinga.com/news/earnings/24/08/40517180/intuit-q4-earnings-revenue-beat-eps-beat-adds-3b-to-buyback-progress-on-ai-driven-strategy-and-more">reported</a> better-than-expected results for its fourth quarter and issued strong FY25 EPS guidance. Also, the company approved a new $3 billion repurchase authorization. Intuit shares slipped 0.8% to $660.00 in after-hours trading.</li>
<li>Ross Stores, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROST#NASDAQ">ROST</a>) <a href="https://www.benzinga.com/news/earnings/24/08/40517892/ross-stores-reports-better-than-expected-q2-results-raises-guidance">posted</a> stronger-than-expected earnings for its second quarter, after the closing bell on Thursday. The company said it sees third-quarter earnings of between $1.35 and $1.41 per share, versus the $1.38 per share estimate, and earnings of between $1.60 and $1.67 per share for the fourth quarter. Ross Stores shares climbed 5.6% to $161.12 in the after-hours trading session.</li>
<li>Before the opening bell, 51Talk Online Education Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COE#NYSE">COE</a>) is projected to report earnings results for the second quarter. 51Talk Online Education shares gained 9.7% to close at $14.48 on Thursday.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Workday, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>) <a href="https://www.benzinga.com/news/earnings/24/08/40517625/workday-stock-slides-on-q2-earnings-the-details">posted</a> upbeat earnings for the second quarter. The company said it expects third-quarter subscription revenue of $1.955 billion, representing growth of 16%. The company expects full-year revenue to be in the range of $7.7 billion to $7.725 billion. Workday shares gained 10.8% to $256.13 in the after-hours trading session.</li>
<li>Red Robin Gourmet Burgers (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RRGB#NASDAQ">RRGB</a>) reported downbeat earnings for its second quarter and lowered its FY24 revenue guidance. The company reported a quarterly loss of 47 cents per share, which missed the analyst consensus estimates for a loss of 40 cents per share. Red Robin shares dipped 14% to $4.07 in after-hours trading.</li>
</ul>
Check This Out:<a href="https://www.benzinga.com/news/24/08/40506295/top-2-consumer-stocks-that-could-sink-your-portfolio-in-august"> </a>
<ul>
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Intuit, Ross Stores And 3 Stocks To Watch Heading Into Friday

Red Robin Gourmet Burgers shares are trading lower after the company reported worse-than-expected Q2 adjusted EPS results and lowered its FY24 revenue guidance below estimates.

Press Releases

RED ROBIN SALUTES AMERICA'S HEROES WITH FREE BURGERS AND BOTTOMLESS SIDES THIS VETERANS DAY

Red Robin Gourmet Burgers, Inc. to Release Fiscal Third Quarter 2024 Results on November 6, 2024

Red Robin Gourmet Burgers, Inc. Reports Results for the Fiscal Third Quarter Ended October 6, 2024

RED ROBIN'S CANDY CANE BEVERAGES AND GOURMET DEALS ARE HERE FOR THE HOLIDAYS

RED ROBIN GOURMET BURGERS, INC. ANNOUNCES INVESTMENT AND APPOINTS NEW INDEPENDENT DIRECTORS

Red Robin Gourmet Burgers, Inc. to Participate in Two Investor Conferences in January

Red Robin Gourmet Burgers, Inc. Reports Preliminary Revenue Results for the Fourth Quarter Ended December 29, 2024

Say 'YES!' to an Onion Ring Proposal This Valentine's Day and Red Robin Will Replace It with a Diamond Engagement Ring

/C O R R E C T I O N -- Red Robin Gourmet Burgers, Inc./

Red Robin Gourmet Burgers, Inc. to Release Fiscal Fourth Quarter and Full Year 2024 Results on February 26, 2025

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