Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) Insider Buys $233,100.00 in Stock

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) insider Jumana Capital Investments Llc acquired 45,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was bought at an average price of $5.18 per share, for a total transaction of $233,100.00. Following the completion of the acquisition, the insider now owns 814,452 shares in the company, valued at approximately $4,218,861.36. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Jumana Capital Investments Llc also recently made the following trade(s):

• On Tuesday, November 5th, Jumana Capital Investments Llc acquired 250 shares of Red Robin Gourmet Burgers stock. The stock was bought at an average price of $5.99 per share, for a total transaction of $1,497.50.
• On Tuesday, October 15th, Jumana Capital Investments Llc acquired 893 shares of Red Robin Gourmet Burgers stock. The stock was bought at an average price of $5.59 per share, for a total transaction of $4,991.87.

Red Robin Gourmet Burgers Trading Up 1.9 %

Shares of RRGB opened at $5.30 on Friday. Red Robin Gourmet Burgers, Inc. has a twelve month low of $2.97 and a twelve month high of $12.80. The firm’s fifty day simple moving average is $4.78 and its 200-day simple moving average is $5.93. The firm has a market capitalization of $83.50 million, a price-to-earnings ratio of -1.61 and a beta of 2.71.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last announced its quarterly earnings data on Thursday, August 22nd. The restaurant operator reported ($0.48) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.41) by ($0.07). The firm had revenue of $300.15 million for the quarter, compared to analyst estimates of $295.57 million. During the same quarter last year, the firm earned ($0.24) EPS. On average, analysts predict that Red Robin Gourmet Burgers, Inc. will post -2.37 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Red Robin Gourmet Burgers

Several hedge funds and other institutional investors have recently bought and sold shares of RRGB. GSA Capital Partners LLP raised its stake in Red Robin Gourmet Burgers by 482.8% during the 3rd quarter. GSA Capital Partners LLP now owns 634,961 shares of the restaurant operator’s stock worth $2,800,000 after acquiring an additional 526,016 shares in the last quarter. Millennium Management LLC acquired a new stake in Red Robin Gourmet Burgers during the 2nd quarter worth $2,777,000. Western Standard LLC acquired a new stake in Red Robin Gourmet Burgers during the 1st quarter worth $2,156,000. Marshall Wace LLP raised its stake in Red Robin Gourmet Burgers by 188.9% during the 2nd quarter. Marshall Wace LLP now owns 368,541 shares of the restaurant operator’s stock worth $2,790,000 after acquiring an additional 240,954 shares in the last quarter. Finally, Resolute Capital Asset Partners LLC acquired a new stake in Red Robin Gourmet Burgers during the 2nd quarter worth $1,135,000. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on RRGB. Lake Street Capital reduced their target price on shares of Red Robin Gourmet Burgers from $17.00 to $16.00 and set a “buy” rating on the stock in a report on Friday, August 23rd. Craig Hallum reduced their target price on shares of Red Robin Gourmet Burgers from $15.00 to $11.50 and set a “buy” rating on the stock in a report on Friday, August 23rd. Finally, Benchmark reduced their target price on shares of Red Robin Gourmet Burgers from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Tuesday, August 20th.

Red Robin Gourmet Burgers Company Profile

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.