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

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.59 and traded as high as $6.65. Red Robin Gourmet Burgers shares last traded at $6.37, with a volume of 286,853 shares changing hands.

Red Robin Gourmet Burgers Price Performance

The company has a market capitalization of $105.71 million, a PE ratio of -1.41 and a beta of 2.41. The firm has a 50-day moving average of $4.71 and a 200 day moving average of $4.62.

Red Robin Gourmet Burgers (NASDAQ:RRGB - Get Free Report) last released its quarterly earnings data on Thursday, May 29th. The restaurant operator reported $0.19 EPS for the quarter, beating the consensus estimate of ($0.57) by $0.76. The business had revenue of $392.35 million for the quarter, compared to analysts' expectations of $388.77 million. During the same period last year, the business earned ($0.80) earnings per share. Equities analysts expect that Red Robin Gourmet Burgers, Inc. will post -2.94 EPS for the current year.

Insider Transactions at Red Robin Gourmet Burgers

In other news, Director Anthony S. Ackil bought 14,910 shares of the company's stock in a transaction on Friday, June 20th. The shares were acquired at an average cost of $5.03 per share, with a total value of $74,997.30. Following the completion of the transaction, the director owned 103,802 shares of the company's stock, valued at approximately $522,124.06. This trade represents a 16.77% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 3.19% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its position in Red Robin Gourmet Burgers by 38.8% in the first quarter. Goldman Sachs Group Inc. now owns 84,625 shares of the restaurant operator's stock worth $301,000 after purchasing an additional 23,638 shares during the last quarter. Jane Street Group LLC purchased a new position in Red Robin Gourmet Burgers in the first quarter worth about $69,000. Dynamic Technology Lab Private Ltd purchased a new position in Red Robin Gourmet Burgers in the first quarter worth about $61,000. Trexquant Investment LP purchased a new position in Red Robin Gourmet Burgers in the first quarter worth about $209,000. Finally, Jump Financial LLC purchased a new position in Red Robin Gourmet Burgers in the first quarter worth about $37,000. 84.04% of the stock is owned by hedge funds and other institutional investors.

About Red Robin Gourmet Burgers

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.