Red Robin Gourmet Burgers (NASDAQ:RRGB) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.15 and traded as high as $5.54. Red Robin Gourmet Burgers shares last traded at $5.05, with a volume of 461,433 shares traded.

Red Robin Gourmet Burgers Price Performance

The firm’s 50-day moving average price is $5.60 and its 200 day moving average price is $5.15. The firm has a market cap of $87.82 million, a P/E ratio of -1.53 and a beta of 2.65.

Insider Transactions at Red Robin Gourmet Burgers

In other Red Robin Gourmet Burgers news, insider Jumana Capital Investments Llc bought 800,454 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were purchased at an average price of $5.19 per share, with a total value of $4,154,356.26. Following the completion of the acquisition, the insider now directly owns 1,614,906 shares of the company’s stock, valued at approximately $8,381,362.14. The trade was a 98.28 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 3.19% of the company’s stock.

Hedge Funds Weigh In On Red Robin Gourmet Burgers

Large investors have recently bought and sold shares of the business. Quantbot Technologies LP bought a new position in Red Robin Gourmet Burgers in the third quarter worth about $34,000. R Squared Ltd bought a new position in Red Robin Gourmet Burgers in the fourth quarter worth about $52,000. Raymond James Financial Inc. bought a new position in Red Robin Gourmet Burgers in the fourth quarter worth about $63,000. Wolverine Trading LLC bought a new position in Red Robin Gourmet Burgers in the third quarter worth about $55,000. Finally, Commonwealth Equity Services LLC lifted its holdings in Red Robin Gourmet Burgers by 101.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 71,032 shares of the restaurant operator’s stock worth $390,000 after acquiring an additional 35,767 shares during the last quarter. Institutional investors own 84.04% of the company’s stock.

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.