Red Robin Gourmet Burgers (NASDAQ:RRGB) Share Price Crosses Above 200 Day Moving Average - Should You Sell?

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $4.62 and traded as high as $6.36. Red Robin Gourmet Burgers shares last traded at $5.82, with a volume of 447,503 shares.

Wall Street Analyst Weigh In

Separately, Benchmark restated a "buy" rating and issued a $12.00 target price on shares of Red Robin Gourmet Burgers in a report on Wednesday. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $12.38.

Red Robin Gourmet Burgers Price Performance

The company has a 50 day simple moving average of $5.10 and a 200-day simple moving average of $4.65. The stock has a market cap of $110.17 million, a P/E ratio of -1.47 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 for the quarter, topping analysts' consensus estimates of ($0.57) by $0.76. The firm had revenue of $392.35 million for the quarter, compared to analysts' expectations of $388.77 million. During the same quarter last year, the company posted ($0.80) EPS. As a group, research analysts expect that Red Robin Gourmet Burgers, Inc. will post -2.94 earnings per share for the current year.

Insider Transactions at Red Robin Gourmet Burgers

In other Red Robin Gourmet Burgers news, Director Anthony S. Ackil purchased 14,910 shares of the business's stock in a transaction on Friday, June 20th. The stock was acquired at an average price of $5.03 per share, for a total transaction of $74,997.30. Following the purchase, the director owned 103,802 shares of the company's stock, valued at approximately $522,124.06. This represents a 16.77% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 3.19% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Bandera Partners LLC bought a new position in shares of Red Robin Gourmet Burgers in the 4th quarter valued at about $1,260,000. D. E. Shaw & Co. Inc. lifted its stake 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 purchasing an additional 208,862 shares during the last quarter. Pacific Ridge Capital Partners LLC lifted its stake in Red Robin Gourmet Burgers by 8.7% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 1,069,632 shares of the restaurant operator's stock worth $5,872,000 after purchasing an additional 85,518 shares during the last quarter. Barclays PLC lifted its stake in Red Robin Gourmet Burgers by 489.6% in the fourth quarter. Barclays PLC now owns 12,270 shares of the restaurant operator's stock worth $67,000 after purchasing an additional 10,189 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in Red Robin Gourmet Burgers by 113.9% in the fourth quarter. Bank of America Corp DE now owns 89,298 shares of the restaurant operator's stock worth $490,000 after purchasing an additional 47,550 shares during the last quarter. Hedge funds and other institutional investors own 84.04% of the company's stock.

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.