Red Robin Gourmet Burgers 13G Filing Shows Archon Capital Management LLC Increased Stake In Co To 9.6% As Of May 30, 2023
Portfolio Pulse from Happy Mohamed
Archon Capital Management LLC has increased its stake in Red Robin Gourmet Burgers (RRGB) to 9.6% as of May 30, 2023, according to a 13G SEC filing.
June 08, 2023 | 2:50 pm
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Archon Capital Management has increased its stake in Red Robin Gourmet Burgers to 9.6%, potentially signaling confidence in the company's future.
Archon Capital Management's increased stake in RRGB indicates that they see potential in the company's future performance. This could lead to increased investor confidence and a positive short-term impact on RRGB's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100