Gerard Johan Hart Sells 11,997 Shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) Stock

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) CEO Gerard Johan Hart sold 11,997 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $4.46, for a total transaction of $53,506.62. Following the completion of the transaction, the chief executive officer now directly owns 586,737 shares in the company, valued at $2,616,847.02. The trade was a 2.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, March 17th, Gerard Johan Hart sold 11,467 shares of Red Robin Gourmet Burgers stock. The stock was sold at an average price of $4.39, for a total transaction of $50,340.13.

Red Robin Gourmet Burgers Stock Up 0.2 %

NASDAQ RRGB opened at $4.27 on Thursday. The company has a 50-day simple moving average of $5.26 and a two-hundred day simple moving average of $5.12. Red Robin Gourmet Burgers, Inc. has a 12-month low of $2.97 and a 12-month high of $9.20. The firm has a market cap of $74.58 million, a price-to-earnings ratio of -1.30 and a beta of 2.70.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last released its earnings results on Wednesday, February 26th. The restaurant operator reported ($0.94) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.50) by ($0.44). The firm had revenue of $285.23 million during the quarter, compared to the consensus estimate of $285.20 million. During the same period in the previous year, the business posted ($0.66) earnings per share. Equities analysts expect that Red Robin Gourmet Burgers, Inc. will post -2.94 earnings per share for the current fiscal year.

Analyst Ratings Changes

RRGB has been the subject of several research analyst reports. CL King raised Red Robin Gourmet Burgers from a “neutral” rating to a “buy” rating and set a $10.00 price target for the company in a research note on Thursday, February 27th. StockNews.com downgraded Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a research report on Saturday, March 8th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $13.38.

Institutional Trading of Red Robin Gourmet Burgers

A number of institutional investors have recently made changes to their positions in RRGB. Verition Fund Management LLC bought a new stake in Red Robin Gourmet Burgers during the 3rd quarter valued at $1,082,000. Geode Capital Management LLC raised its stake in shares of Red Robin Gourmet Burgers by 12.2% during the third quarter. Geode Capital Management LLC now owns 194,316 shares of the restaurant operator’s stock valued at $857,000 after acquiring an additional 21,062 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Red Robin Gourmet Burgers during the third quarter worth about $34,000. XTX Topco Ltd boosted its holdings in shares of Red Robin Gourmet Burgers by 139.9% during the third quarter. XTX Topco Ltd now owns 79,246 shares of the restaurant operator’s stock worth $349,000 after purchasing an additional 46,219 shares during the period. Finally, Wolverine Trading LLC bought a new stake in shares of Red Robin Gourmet Burgers in the third quarter worth about $55,000. Hedge funds and other institutional investors own 84.04% of the company’s stock.

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.