Shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $5.15 and traded as high as $6.53. Red Robin Gourmet Burgers shares last traded at $6.28, with a volume of 160,108 shares.
Red Robin Gourmet Burgers Price Performance
The stock has a market capitalization of $104.51 million, a price-to-earnings ratio of -1.83 and a beta of 2.64. The business has a 50 day simple moving average of $5.56 and a 200-day simple moving average of $5.16.
Insider Buying and Selling
In other news, insider Jumana Capital Investments Llc bought 800,454 shares of the stock in a transaction on Tuesday, December 3rd. The stock was purchased at an average price of $5.19 per share, for a total transaction of $4,154,356.26. Following the acquisition, the insider now owns 1,614,906 shares in the company, valued at approximately $8,381,362.14. This trade represents a 98.28 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In the last three months, insiders acquired 845,704 shares of company stock valued at $4,388,954. 3.19% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the company. GSA Capital Partners LLP lifted its stake in Red Robin Gourmet Burgers by 482.8% in the 3rd quarter. GSA Capital Partners LLP now owns 634,961 shares of the restaurant operator's stock valued at $2,800,000 after acquiring an additional 526,016 shares in the last quarter. Bleakley Financial Group LLC acquired a new position in Red Robin Gourmet Burgers during the third quarter worth $537,000. Verition Fund Management LLC bought a new position in Red Robin Gourmet Burgers in the third quarter valued at $1,082,000. Millennium Management LLC bought a new position in Red Robin Gourmet Burgers in the second quarter valued at $2,777,000. Finally, Geode Capital Management LLC increased its stake in Red Robin Gourmet Burgers by 12.2% in the 3rd quarter. Geode Capital Management LLC now owns 194,316 shares of the restaurant operator's stock valued at $857,000 after buying an additional 21,062 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors.
About Red Robin Gourmet Burgers
(
Get Free Report)
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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