Red Robin Gourmet Burgers Inc. (RRGB) was a big mover last session, as the company saw its shares 13% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company as the stock is now trading above the volatile price range of $62.10–$67.44 in the past one-month time frame.
This restaurant industry stock witnessed one upward revision over the past 30 days. The Zacks Consensus Estimate also moved higher over the same time frame, suggesting that more solid trading could be ahead for Red Robin Gourmet Burgers. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.
Red Robin Gourmet Burgers has a Zacks Rank #3 (Hold), while its Earnings ESP is negative.
However, some better-ranked stocks from the same sector include Fiesta Restaurant Group, Inc. (FRGI), Brinker International, Inc. (EAT) and Buffalo Wild Wings Inc. (BWLD). While Fiesta Restaurant Group sports a Zacks Rank #1 (Strong Buy), Brinker International and Buffalo Wild Wings carry a Zacks Rank #2 (Buy).
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