Red Robin Gourmet Burgers (NASDAQ:RRGB) Share Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Red Robin Gourmet Burgers' share price has surpassed its 200-day moving average of $5.11, reaching a high of $7.24 before trading at $6.84.
• Equities research analysts have a mixed outlook on the stock, with Weiss Ratings giving it a "sell (d-)" rating, while Benchmark set a price target of $12.00.
• The company reported earnings of $0.26 per share for the last quarter, exceeding analysts' expectations, with revenue also above estimates at $283.70 million.

Shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $5.11 and traded as high as $7.24. Red Robin Gourmet Burgers shares last traded at $6.84, with a volume of 228,300 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on RRGB shares. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Red Robin Gourmet Burgers in a research note on Saturday, September 27th. Benchmark reissued a "buy" rating and issued a $12.00 price target on shares of Red Robin Gourmet Burgers in a report on Wednesday, July 16th. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, Red Robin Gourmet Burgers has an average rating of "Hold" and an average price target of $11.00.

Red Robin Gourmet Burgers Stock Down 3.9%

The company has a market cap of $122.50 million, a PE ratio of -2.01 and a beta of 2.57. The stock's 50 day simple moving average is $6.43 and its two-hundred day simple moving average is $5.11.

Red Robin Gourmet Burgers (NASDAQ:RRGB - Get Free Report) last issued its earnings results on Wednesday, August 13th. The restaurant operator reported $0.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.25) by $0.51. The firm had revenue of $283.70 million for the quarter, compared to analysts' expectations of $279.17 million. Red Robin Gourmet Burgers has set its FY 2025 guidance at EPS. Analysts forecast that Red Robin Gourmet Burgers, Inc. will post -2.94 EPS for the current year.

Insider Transactions at Red Robin Gourmet Burgers

In other Red Robin Gourmet Burgers news, Director Christopher Ross Martin bought 34,649 shares of the company's stock in a transaction dated Friday, August 22nd. The shares were acquired at an average cost of $6.29 per share, with a total value of $217,942.21. Following the completion of the transaction, the director owned 1,667,906 shares in the company, valued at $10,491,128.74. The trade was a 2.12% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.64% of the stock is owned by company insiders.

Hedge Funds Weigh In On Red Robin Gourmet Burgers

A number of institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets raised its holdings in Red Robin Gourmet Burgers by 503.0% in the second quarter. BNP Paribas Financial Markets now owns 5,379 shares of the restaurant operator's stock valued at $31,000 after acquiring an additional 4,487 shares in the last quarter. Jump Financial LLC bought a new stake in shares of Red Robin Gourmet Burgers in the 1st quarter worth about $37,000. XTX Topco Ltd acquired a new stake in shares of Red Robin Gourmet Burgers in the 1st quarter valued at about $49,000. Osaic Holdings Inc. lifted its position in shares of Red Robin Gourmet Burgers by 152.6% during the second quarter. Osaic Holdings Inc. now owns 10,055 shares of the restaurant operator's stock worth $58,000 after purchasing an additional 6,075 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Red Robin Gourmet Burgers in the first quarter worth about $61,000. 84.04% of the stock is owned by institutional investors and hedge funds.

Red Robin Gourmet Burgers Company Profile

Red Robin Gourmet Burgers, Inc, together with its subsidiaries, develops, operates, and franchises casual-dining restaurants, in North America and one Canadian province. Its restaurants primarily offer burgers and pizza, appetizers, salads, soups, other entrees, desserts, wings, milkshakes, alcoholic and non-alcoholic specialty drinks, cocktails, wine, and beers.

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