GSA Capital Partners LLP Acquires 526,016 Shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB)

GSA Capital Partners LLP raised its holdings in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) by 482.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 634,961 shares of the restaurant operator’s stock after buying an additional 526,016 shares during the period. GSA Capital Partners LLP owned about 4.03% of Red Robin Gourmet Burgers worth $2,800,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of RRGB. Millennium Management LLC bought a new stake in Red Robin Gourmet Burgers in the second quarter valued at approximately $2,777,000. Western Standard LLC bought a new stake in Red Robin Gourmet Burgers in the first quarter valued at approximately $2,156,000. Marshall Wace LLP raised its stake in Red Robin Gourmet Burgers by 188.9% in the second quarter. Marshall Wace LLP now owns 368,541 shares of the restaurant operator’s stock valued at $2,790,000 after buying an additional 240,954 shares during the period. Resolute Capital Asset Partners LLC bought a new stake in Red Robin Gourmet Burgers in the second quarter valued at approximately $1,135,000. Finally, Pacific Ridge Capital Partners LLC raised its stake in Red Robin Gourmet Burgers by 18.8% in the second quarter. Pacific Ridge Capital Partners LLC now owns 911,005 shares of the restaurant operator’s stock valued at $6,896,000 after buying an additional 143,957 shares during the period. Institutional investors own 84.04% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Craig Hallum lowered their target price on Red Robin Gourmet Burgers from $15.00 to $11.50 and set a “buy” rating on the stock in a research note on Friday, August 23rd. Benchmark lowered their target price on Red Robin Gourmet Burgers from $18.00 to $16.00 and set a “buy” rating on the stock in a research note on Tuesday, August 20th. Finally, Lake Street Capital lowered their target price on Red Robin Gourmet Burgers from $17.00 to $16.00 and set a “buy” rating on the stock in a research note on Friday, August 23rd.

Insider Buying and Selling

In related news, insider Jumana Capital Investments Llc purchased 45,000 shares of Red Robin Gourmet Burgers stock in a transaction that occurred on Thursday, November 7th. The shares were acquired at an average price of $5.18 per share, with a total value of $233,100.00. Following the completion of the transaction, the insider now directly owns 814,452 shares of the company’s stock, valued at $4,218,861.36. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have purchased 46,143 shares of company stock valued at $239,589 over the last 90 days. 3.19% of the stock is owned by corporate insiders.

Red Robin Gourmet Burgers Price Performance

Shares of NASDAQ:RRGB opened at $5.03 on Tuesday. The company has a market capitalization of $79.36 million, a P/E ratio of -1.53 and a beta of 2.71. Red Robin Gourmet Burgers, Inc. has a 1 year low of $2.97 and a 1 year high of $12.80. The business’s 50 day simple moving average is $4.78 and its 200 day simple moving average is $5.93.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last issued its quarterly earnings results on Thursday, August 22nd. The restaurant operator reported ($0.48) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.41) by ($0.07). The company had revenue of $300.15 million during the quarter, compared to analyst estimates of $295.57 million. During the same quarter in the prior year, the company earned ($0.24) earnings per share. On average, sell-side analysts anticipate that Red Robin Gourmet Burgers, Inc. will post -2.7 EPS for the current fiscal year.

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.