# Sitting on a Cash Pile 17.0? Gourmet Burgers! Live Trading News is an independent financial media publication. Masthead: Live Trading News. Parent: Knightsbridge Group. Product cousin: KXCO (kxco.ai). Coverage: markets, policy, AI, quantum, blockchain, FX, biotech, ASEAN. New stories are signed ML-DSA-65 and anchored on Armature L1; articles published before the platform launch are not signed. Nothing on the site is investment advice. Canonical HTML: https://www.livetradingnews.com/sitting-on-a-cash-pile-17-0-gourmet-burgers Last modified: 2021-09-27 --- By Paul Ebeling ยท 2021-09-27 Tags: Shayne Heffernan on Investments, Stocks, buy, resistance, cash, support, Bullish, Paul Ebeling, RRGB, burgers, Todays Trade Ideas Signed: no (published before platform launch). Nothing in this article is investment advice. [#cash](https://www.livetradingnews.com/tag/cash)[ #bullish](https://www.livetradingnews.com/tag/bullish)[ #buy](https://www.livetradingnews.com/tag/buy) [$RRGB](https://finance.yahoo.com/quote/RRGB?p=RRGB&.tsrc=fin-srch) Red Robin Gourmet Burgers Inc. ([NASDAQ:RRGB](NASDAQ:RRGB)) reversed, broke out and confirmed on 24 September at 24.24/share. Thus garnering a LTN Buy Signal with a 1yr price target at 51.40/share. Jefferies raised the popular restaurant chain to Buy from Hold and also lifted the target price to 31 from 28. The consensus target is at 29.83. 2 of our Key technical indicators have turned Very Bullish in here. The Key support is at 23.28 and the major overhead resistance is at 25.07. ![](https://livetradingnews-media.nyc3.digitaloceanspaces.com/wp/placeholder.svg) Red Robin Gourmet Burgers, Inc., together with its subsidiaries, develops, operates, and franchises full-service and casual-dining restaurants. The company's restaurants primarily offer burgers; various appetizers, salads, soups, seafood, and other entrees; and desserts, milkshakes, alcoholic and non-alcoholic specialty drinks, cocktails, wine, and beers. As of 3 March 2021, it operated approximately 540 Red Robin restaurants across the United States and Canada, including locations operating under franchise agreements. The company was founded in Y 1969 and is HQ'd in Greenwood Village, Colorado. Have a healthy week, Keep the Faith! --- This Markdown mirrors https://www.livetradingnews.com/sitting-on-a-cash-pile-17-0-gourmet-burgers. The HTML page is canonical. Site index for AI clients: https://www.livetradingnews.com/llms.txt