How Will the Market React to Red Robin Gourmet Burgers Inc (RRGB) Stock Getting a Bullish Rating

The market has been high on Red Robin Gourmet Burgers Inc (RRGB) stock recently. RRGB gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Red Robin Gourmet Burgers Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on RRGB!

See Full RRGB Report

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With RRGB Stock Today?

Red Robin Gourmet Burgers Inc (RRGB) stock is trading at $7.53 as of 2:29 PM on Wednesday, Mar 27, a rise of $0.47, or 6.59% from the previous closing price of $7.06. The stock has traded between $7.04 and $7.63 so far today. Volume today is 471,267 compared to average volume of 438,827. To screen for more stocks like Red Robin Gourmet Burgers Inc click here.

More About Red Robin Gourmet Burgers Inc

Red Robin Gourmet Burgers Inc is a restaurant operator. The company develops, operates, and franchises casual-dining restaurants and fast-casual restaurants in North America. Its brands are Red Robin, Red Robin Gourmet Burgers, Red Robin America's Gourmet Burgers and Spirits, Red Robin Burger Works, YUMMM, Red Robin Gourmet Burgers and Brews, and Red Robin Royalty names and logos. The company's revenue consists of sales from restaurant operations, gift card breakage, franchise royalties and fees, and other miscellaneous revenue. Click Here to get the full Stock Report for Red Robin Gourmet Burgers Inc stock.