Back to top

Tale of the Tape

Zacks Equity Research

Can the Recent Uptrend Continue for Red Robin Gourmet Burgers, Inc. (RRGB)?
August 21, 2013


Save at Trade

Red Robin Gourmet Burgers, Inc. (RRGB - Analyst Report) has been on the move lately as the stock has risen by 9.3% in the past four weeks, and it is currently trading well above its 20-Day SMA. This is a pretty solid move higher, but the question that has to be on investors’ minds right now is; can this trend continue?

While there can be no telling for sure, it is certainly encouraging that earnings estimates have risen in the past few weeks on the company, suggesting that sentiment on RRGB is moving in the right direction. In fact, the stock currently has a Zacks Rank #2 (Buy), suggesting that the recent run could certainly continue for this in-focus company.

Zacks Restaurant Recommendations: In addition to dining at these special places, you can feast on their stock shares. A Zacks Special Report spotlights 5 recent IPOs to watch plus 2 stocks that offer immediate promise in a booming sector. Download it free »