Fast-paced Momentum Stock Red Robin (RRGB) Is Still Trading at a Bargain

Group 1 - Momentum investing is characterized by the strategy of "buying high and selling higher," contrasting with traditional methods of "buying low and selling high" [1] - Identifying the right entry point for momentum stocks can be challenging, as they may lose momentum if their valuations exceed future growth potential [1] - A safer investment approach involves targeting bargain stocks that exhibit recent price momentum, utilizing tools like the Zacks Momentum Style Score [2] Group 2 - Red Robin (RRGB) has shown significant price movement, with a 57.7% increase over the past four weeks, indicating strong investor interest [3] - RRGB has also gained 40.5% over the past 12 weeks, demonstrating its ability to maintain momentum over a longer period [4] - The stock has a beta of 2.39, suggesting it moves 139% more than the market, indicating fast-paced momentum [4] Group 3 - RRGB holds a Momentum Score of B, suggesting it is an opportune time to invest in the stock to capitalize on its momentum [5] - The stock has received a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which typically attract more investor interest [6] - RRGB is currently trading at a Price-to-Sales ratio of 0.07, indicating it is undervalued at 7 cents for each dollar of sales [6] Group 4 - RRGB appears to have significant potential for further price appreciation, supported by its fast-paced momentum characteristics [7] - There are additional stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, suggesting further investment opportunities [7] - Zacks offers over 45 Premium Screens tailored to different investing styles, providing various strategies to identify winning stocks [8]