Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB - Get Free Report) 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 business's 50-day moving average price is $5.56 and its two-hundred day moving average price is $5.14. The company has a market capitalization of $86.95 million, a P/E ratio of -1.52 and a beta of 2.65.
Insider Transactions at Red Robin Gourmet Burgers
In other news, insider Jumana Capital Investments Llc purchased 800,454 shares of Red Robin Gourmet Burgers stock in a transaction dated Tuesday, December 3rd. The shares were bought at an average cost of $5.19 per share, with a total value of $4,154,356.26. Following the completion of the transaction, the insider now directly owns 1,614,906 shares in the company, valued at $8,381,362.14. This trade represents a 98.28 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.19% of the company's stock.
Institutional Investors Weigh In On Red Robin Gourmet Burgers
Several institutional investors have recently added to or reduced their stakes in RRGB. Quantbot Technologies LP bought a new stake in Red Robin Gourmet Burgers in the 3rd quarter valued at $34,000. R Squared Ltd acquired a new stake in Red Robin Gourmet Burgers in the 4th quarter valued at $52,000. Wolverine Trading LLC acquired a new stake in Red Robin Gourmet Burgers in the 3rd quarter valued at $55,000. Raymond James Financial Inc. acquired a new stake in Red Robin Gourmet Burgers in the 4th quarter valued at $63,000. Finally, Barclays PLC increased its stake in Red Robin Gourmet Burgers by 489.6% in the 4th quarter. Barclays PLC now owns 12,270 shares of the restaurant operator's stock valued at $67,000 after buying an additional 10,189 shares during the last quarter. 84.04% of the stock is owned by institutional investors.
Red Robin Gourmet Burgers Company Profile
(
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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