Red Robin Gourmet Burgers (NASDAQ:RRGB) Stock Passes Above 200-Day Moving Average - Time to Sell?

Key Points

• Red Robin Gourmet Burgers stock has recently crossed above its 200-day moving average, trading at $6.98, compared to the average of $4.99.
• Benchmark analyst has maintained a "buy" rating for the stock with a target price of $12.00, reflecting a positive outlook.
• In the latest quarterly report, Red Robin posted earnings of $0.26 per share, significantly beating the consensus estimate of -$0.25, and reported revenues of $283.7 million.

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.99 and traded as high as $7.05. Red Robin Gourmet Burgers shares last traded at $6.98, with a volume of 160,637 shares.

Wall Street Analysts Forecast Growth

Separately, Benchmark restated a "buy" rating and set a $12.00 target price on shares of Red Robin Gourmet Burgers in a research report on Wednesday, July 16th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $11.00.

Red Robin Gourmet Burgers Price Performance

The company has a 50 day simple moving average of $6.40 and a 200-day simple moving average of $4.99. The stock has a market cap of $125.01 million, a P/E ratio of -2.05 and a beta of 2.45.

Red Robin Gourmet Burgers (NASDAQ:RRGB - Get Free Report) last issued its quarterly earnings results on Wednesday, August 13th. The restaurant operator reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.25) by $0.51. The firm had revenue of $283.70 million for the quarter, compared to the consensus estimate of $279.17 million. Red Robin Gourmet Burgers has set its FY 2025 guidance at 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 news, Director Christopher Ross Martin purchased 34,649 shares of the company's stock in a transaction on Friday, August 22nd. The stock was purchased at an average price of $6.29 per share, with a total value of $217,942.21. Following the completion of the purchase, the director directly owned 1,667,906 shares in the company, valued at approximately $10,491,128.74. This trade represents a 2.12% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.64% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of RRGB. Northern Trust Corp increased its holdings in shares of Red Robin Gourmet Burgers by 11.9% in the fourth quarter. Northern Trust Corp now owns 32,258 shares of the restaurant operator's stock worth $177,000 after buying an additional 3,427 shares during the period. Bank of America Corp DE increased its holdings in shares of 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 buying an additional 47,550 shares during the period. Millennium Management LLC increased its holdings in shares of Red Robin Gourmet Burgers by 22.3% in the fourth quarter. Millennium Management LLC now owns 127,974 shares of the restaurant operator's stock worth $703,000 after buying an additional 23,358 shares during the period. XTX Topco Ltd purchased a new position in shares of Red Robin Gourmet Burgers in the first quarter worth about $49,000. Finally, Pacific Ridge Capital Partners LLC increased its holdings in shares of Red Robin Gourmet Burgers by 7.4% in the first quarter. Pacific Ridge Capital Partners LLC now owns 1,148,813 shares of the restaurant operator's stock worth $4,090,000 after buying an additional 79,181 shares during the period. 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.

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