Large Inflow of Money Witnessed in Red Robin Gourmet Burgers

Red Robin Gourmet Burgers (NASDAQ:RRGB): $2.79 million was the positive money flow into the stock on Wednesday and the up/down ratio of ticks was also in favor of the bulls at 1.48. The value of trades done on upticks was $8.57 million, whereas, trades done on downticks were valued at $5.78 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $3.06 million worth stocks on upticks, which is a bullish indication. The money flow in block trades was $3.06 million. Red Robin Gourmet Burgers (NASDAQ:RRGB) fell $1.24 traded at $49.33, a change of -2.45% over the previous day. The stock is -6.64% for the week.


In an insider trading activity, The director, of Red Robin Gourmet Burgers Inc, Oran Stuart I had unloaded 1,200 shares at $52.62 per share in a transaction on June 22, 2016. The total value of transaction was $63,144. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing. Currently the company Insiders own 2.66% of Red Robin Gourmet Burgers shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 5.61% . During last six month period, the net percent change held by insiders has seen a change of 3.32%.

The company shares have dropped -41.40% from its 1 Year high price. On Aug 5, 2015, the shares registered one year high at $95.00 and the one year low was seen on May 20, 2016. The 50-Day Moving Average price is $53.38 and the 200 Day Moving Average price is recorded at $60.34. Red Robin Gourmet Burgers (NASDAQ:RRGB): The stock opened at $51.06 on Wednesday but the bulls could not build on the opening and the stock topped out at $51.06 for the day. The stock traded down to $49.26 during the day, due to lack of any buying support eventually closed down at $49.33 with a loss of -2.45% for the day. The stock had closed at $50.57 on the previous day. The total traded volume was 594,948 shares.

Red Robin Gourmet Burgers, Inc. is a casual dining restaurant chain. The Company is focused on serving a selection of gourmet burgers. Its offers gourmet burgers, which it makes from ground beef, as well as its line of Reds Tavern Double Burgers and its Red Robins line of half-pound Angus beef burgers with various toppings. It also offers burgers made from chicken breasts, fish fillets, turkey patties, vegetarian and vegan options. It offers a selection of buns, including ciabatta, gluten free, sesame, onion and whole grain buns and jalapeno rolls-with a variety of toppings. It offers a variety of appetizers, salads, soups, seafood and other entrees, desserts, its signature alcoholic, and non-alcoholic specialty beverages and a variety of national and craft beers. It offers its products under the brand names Red Robin, Red Robin Gourmet Burgers, Red Robin Americas Gourmet Burgers & Spirits, Red Robin Burger Works, YUMMM, Red Robin Gourmet Burgers and Brews and Red Robin Royalty.

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