In a filing, Red Robin Gourmet Burgers Inc revealed its Jumana Capital Investments LLC acquired Company’s shares for reported $0.23 million on Nov 07 ’24. In the deal valued at $5.18 per share,45,000 shares were bought. As a result of this transaction, Jumana Capital Investments LLC now holds 814,452 shares worth roughly $4.3 million.
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Then, Jumana Capital Investments LLC bought 250 shares, generating $1,498 in total proceeds. Upon buying the shares at $5.99, the now owns 769,452 shares.
Before that, JCP Investment Management, LLC bought 45,000 shares. Red Robin Gourmet Burgers Inc shares valued at $233,253 were divested by the at a price of $5.18 per share. As a result of the transaction, JCP Investment Management, LLC now holds 569,015 shares, worth roughly $3.0 million.
Lake Street reiterated its Red Robin Gourmet Burgers Inc [RRGB] rating to a Buy in a research note published on August 23, 2024; the price target was $16. A number of analysts have revised their coverage, including Lake Street’s analysts, who began to cover the stock in late April with a ‘”a Buy”‘ rating. Craig Hallum began covering RRGB with “Buy” recommendation on April 25, 2024. The Benchmark Company revised its rating on March 01, 2023. It rated RRGB as “a Buy” which previously was an “a Hold”.
Price Performance Review of RRGB
On Monday, Red Robin Gourmet Burgers Inc [NASDAQ:RRGB] saw its stock jump 1.05% to $5.28. Over the last five days, the stock has gained 4.87%. Red Robin Gourmet Burgers Inc shares have fallen nearly -57.70% since the year began. Nevertheless, the stocks have fallen -44.88% over the past one year. While a 52-week high of $12.80 was reached on 01/02/24, a 52-week low of $2.97 was recorded on 09/09/24. SMA at 50 days reached $5.01, while 200 days put it at $6.38.
Levels Of Support And Resistance For RRGB Stock
The 24-hour chart illustrates a support level at 5.12, which if violated will result in even more drops to 4.96. On the upside, there is a resistance level at 5.46. A further resistance level may holdings at 5.64. The Relative Strength Index (RSI) on the 14-day chart is 46.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 71.94%. Stochastics %K at 23.76% indicates the stock is a holding.
How much short interest is there in Red Robin Gourmet Burgers Inc?
A steep rise in short interest was recorded in Red Robin Gourmet Burgers Inc stocks on 2024-10-31, growing by 0.2 million shares to a total of 2.44 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.24 million shares. There was a rise of 8.13%, which implies that there is a positive sentiment for the stock.
