May 13, 2013 (Market movers via COMTEX) -- Down 1.9% to $48.23, Red Robin Gourmet Burgers (NASDAQ:RRGB), is one of today's notable movers. The Dow Jones Industrial Average is now trading fractionally lower to 15,088 and the S&P is trading fractionally higher to 1,635.
Red Robin Gourmet Burgers Inc. owns and operates a chain of specialty restaurants in the United States and Canada.
Red Robin Gourmet Burgers (NASDAQ:RRGB) is currently priced 2.4% above its average consensus analyst price target of $47.05. The stock should discover initial support at its 50-day moving average (MA) of $45.60 and subsequent support at its 200-day MA of $36.33.
In the past 52 weeks, shares of Red Robin Gourmet Burgers have traded between a low of $21.68 and a high of $49.70 and are now at $48.23, which is 122% above that low price. The 200-day and 50-day moving averages have moved 1.21% higher and 1.36% higher over the past week, respectively.
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