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

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.67 and traded as high as $7.89. Red Robin Gourmet Burgers shares last traded at $7.44, with a volume of 707,969 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Benchmark reaffirmed a "buy" rating and set a $12.00 price objective on shares of Red Robin Gourmet Burgers in a research report on Wednesday, July 16th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $12.38.

Red Robin Gourmet Burgers Trading Down 2.6%

The company has a fifty day moving average price of $5.48 and a two-hundred day moving average price of $4.69. The firm has a market capitalization of $120.45 million, a price-to-earnings ratio of -1.61 and a beta of 2.41.

Red Robin Gourmet Burgers (NASDAQ:RRGB - Get Free Report) last posted its earnings results on Thursday, May 29th. The restaurant operator reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.57) by $0.76. The business had revenue of $392.35 million for the quarter, compared to analyst estimates of $388.77 million. During the same period last year, the business earned ($0.80) EPS. As a group, equities research analysts expect that Red Robin Gourmet Burgers, Inc. will post -2.94 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Anthony S. Ackil bought 14,910 shares of the company's stock in a transaction dated Friday, June 20th. The shares were acquired at an average price of $5.03 per share, with a total value of $74,997.30. Following the completion of the acquisition, the director owned 103,802 shares in the company, valued at approximately $522,124.06. This trade represents a 16.77% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.19% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. JCP Investment Management LLC raised its holdings in shares of Red Robin Gourmet Burgers by 281.6% during the fourth quarter. JCP Investment Management LLC now owns 1,860,668 shares of the restaurant operator's stock valued at $10,215,000 after buying an additional 1,373,077 shares during the last quarter. Bandera Partners LLC raised its stake in shares of Red Robin Gourmet Burgers by 270.2% in the 1st quarter. Bandera Partners LLC now owns 850,000 shares of the restaurant operator's stock worth $3,026,000 after buying an additional 620,402 shares in the last quarter. D. E. Shaw & Co. Inc. raised its position in Red Robin Gourmet Burgers by 112.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 394,471 shares of the restaurant operator's stock worth $2,166,000 after acquiring an additional 208,862 shares in the last quarter. Pacific Ridge Capital Partners LLC grew its stake in shares of Red Robin Gourmet Burgers by 7.4% in the 1st quarter. Pacific Ridge Capital Partners LLC now owns 1,148,813 shares of the restaurant operator's stock worth $4,090,000 after purchasing an additional 79,181 shares during the last quarter. Finally, Trexquant Investment LP bought a new stake in shares of Red Robin Gourmet Burgers during the 1st quarter worth $209,000. 84.04% of the stock is owned by hedge funds and other institutional investors.

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.