Red Robin Gourmet Burgers (NASDAQ:RRGB) Insider Sells $10,864.00 in Stock

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB - Get Free Report) insider Sarah Mussetter sold 2,800 shares of Red Robin Gourmet Burgers stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $3.88, for a total value of $10,864.00. Following the sale, the insider owned 110,677 shares in the company, valued at $429,426.76. This represents a 2.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.Red Robin Gourmet Burgers Stock Up 0.3%Red Robin's Comeback: Q1 Earnings Spark Investor HopesShares of RRGB stock traded up $0.01 during trading hours on Thursday, hitting $3.95. 74,027 shares of the company's stock traded hands, compared to its average volume of 484,948. The stock has a market cap of $70.94 million, a price-to-earnings ratio of -1.22 and a beta of 2.21. The stock's fifty day simple moving average is $5.21 and its two-hundred day simple moving average is $5.77. Red Robin Gourmet Burgers, Inc. has a 12-month low of $2.50 and a 12-month high of $7.89. Red Robin Gourmet Burgers (NASDAQ:RRGB - Get Free Report) last posted its quarterly earnings results on Monday, November 10th. The restaurant operator reported ($0.70) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.78) by $0.08. The company had revenue of $265.13 million during the quarter, compared to analysts' expectations of $256.75 million. On average, equities analysts forecast that Red Robin Gourmet Burgers, Inc. will post -2.94 earnings per share for the current fiscal year. Institutional Trading of Red Robin Gourmet BurgersCan CAVA, Red Robin, and Cracker Barrel Match Chipotle's Q1 Win?Several hedge funds have recently bought and sold shares of the stock. Sherbrooke Park Advisers LLC purchased a new position in Red Robin Gourmet Burgers during the 3rd quarter valued at approximately $70,000. Mink Brook Asset Management LLC purchased a new stake in Red Robin Gourmet Burgers during the 3rd quarter valued at $3,152,000. Millennium Management LLC bought a new position in Red Robin Gourmet Burgers during the third quarter valued at $152,000. Two Sigma Investments LP increased its position in Red Robin Gourmet Burgers by 20.2% during the third quarter. Two Sigma Investments LP now owns 172,489 shares of the restaurant operator's stock valued at $1,183,000 after acquiring an additional 29,045 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Red Robin Gourmet Burgers by 139.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 12,888 shares of the restaurant operator's stock worth $88,000 after acquiring an additional 7,509 shares during the last quarter. Hedge funds and other institutional investors own 84.04% of the company's stock. Analyst Upgrades and DowngradesA number of research analysts have weighed in on the company. Benchmark reissued a "buy" rating on shares of Red Robin Gourmet Burgers in a report on Monday, November 17th. Zacks Research lowered shares of Red Robin Gourmet Burgers from a "strong-buy" rating to a "hold" rating in a research report on Thursday, November 6th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Red Robin Gourmet Burgers in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $11.00.Toast Sets New Standard in Restaurant Management Platforms Read Our Latest Report on Red Robin Gourmet BurgersAbout 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.See AlsoFive stocks we like better than Red Robin Gourmet BurgersInvesting In Automotive StocksTesla Bulls See $500 Ahead—But Bears Warn of a Painful ReversalCompound Interest and Why It Matters When InvestingMissed NVIDIA? Braze Might Be the Next AI Stock BreakoutHow to Short Nasdaq: An Easy-to-Follow GuideWalmart’s NASDAQ Switch Could Change Everything for WMT StockThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Red Robin Gourmet Burgers Right Now?Before you consider Red Robin Gourmet Burgers, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Red Robin Gourmet Burgers wasn't on the list.While Red Robin Gourmet Burgers currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here