Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) CEO Sells $50,340.13 in Stock

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) CEO Gerard Johan Hart sold 11,467 shares of the firm’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $4.39, for a total transaction of $50,340.13. Following the completion of the sale, the chief executive officer now owns 575,270 shares in the company, valued at $2,525,435.30. The trade was a 1.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Gerard Johan Hart also recently made the following trade(s):

• On Friday, March 14th, Gerard Johan Hart sold 11,997 shares of Red Robin Gourmet Burgers stock. The stock was sold at an average price of $4.46, for a total transaction of $53,506.62.

Red Robin Gourmet Burgers Stock Performance

Red Robin Gourmet Burgers stock traded down $0.19 during midday trading on Tuesday, hitting $4.26. 296,035 shares of the company’s stock were exchanged, compared to its average volume of 443,993. Red Robin Gourmet Burgers, Inc. has a 12-month low of $2.97 and a 12-month high of $9.20. The stock has a market cap of $74.41 million, a price-to-earnings ratio of -1.29 and a beta of 2.70. The firm’s 50 day simple moving average is $5.28 and its 200 day simple moving average is $5.13.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last issued its quarterly earnings data on Wednesday, February 26th. The restaurant operator reported ($0.94) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.50) by ($0.44). The business had revenue of $285.23 million for the quarter, compared to the consensus estimate of $285.20 million. During the same quarter in the prior year, the firm earned ($0.66) earnings per share. On average, equities research analysts forecast that Red Robin Gourmet Burgers, Inc. will post -2.94 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on RRGB. CL King upgraded shares of Red Robin Gourmet Burgers from a “neutral” rating to a “buy” rating and set a $10.00 price target on the stock in a research note on Thursday, February 27th. StockNews.com lowered shares of Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a research note on Saturday, March 8th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Red Robin Gourmet Burgers presently has an average rating of “Moderate Buy” and a consensus target price of $13.38.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Quantbot Technologies LP purchased a new stake in shares of Red Robin Gourmet Burgers in the third quarter valued at about $34,000. R Squared Ltd purchased a new stake in shares of Red Robin Gourmet Burgers in the fourth quarter valued at about $52,000. Wolverine Trading LLC purchased a new stake in shares of Red Robin Gourmet Burgers in the third quarter valued at about $55,000. Raymond James Financial Inc. purchased a new stake in shares of Red Robin Gourmet Burgers in the fourth quarter valued at about $63,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Red Robin Gourmet Burgers in the fourth quarter valued at about $64,000. 84.04% of the stock is owned by hedge funds and other institutional investors.

About Red Robin Gourmet Burgers

Red Robin Gourmet Burgers, Inc, together with its subsidiaries, develops, operates, and franchises casual-dining restaurants, in North America and one Canadian province. Its restaurants primarily offer burgers and pizza, appetizers, salads, soups, other entrees, desserts, wings, milkshakes, alcoholic and non-alcoholic specialty drinks, cocktails, wine, and beers.