Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) Holdings Increased by Acuitas Investments LLC

Acuitas Investments LLC grew its stake in shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) by 30.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 470,206 shares of the restaurant operator’s stock after buying an additional 109,809 shares during the period. Red Robin Gourmet Burgers accounts for 2.9% of Acuitas Investments LLC’s portfolio, making the stock its 2nd largest position. Acuitas Investments LLC’s holdings in Red Robin Gourmet Burgers were worth $5,863,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. First Eagle Investment Management LLC raised its position in shares of Red Robin Gourmet Burgers by 70.9% during the 3rd quarter. First Eagle Investment Management LLC now owns 755,626 shares of the restaurant operator’s stock valued at $6,075,000 after buying an additional 313,373 shares in the last quarter. Raymond James & Associates raised its position in shares of Red Robin Gourmet Burgers by 12.7% during the 3rd quarter. Raymond James & Associates now owns 52,325 shares of the restaurant operator’s stock valued at $421,000 after buying an additional 5,900 shares in the last quarter. Pacific Ridge Capital Partners LLC raised its position in shares of Red Robin Gourmet Burgers by 15.5% during the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 518,237 shares of the restaurant operator’s stock valued at $4,167,000 after buying an additional 69,514 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Red Robin Gourmet Burgers by 3.9% during the 3rd quarter. Victory Capital Management Inc. now owns 59,800 shares of the restaurant operator’s stock valued at $481,000 after buying an additional 2,267 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of Red Robin Gourmet Burgers during the 3rd quarter valued at $315,000. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Red Robin Gourmet Burgers Stock Performance

Shares of RRGB stock traded down $0.10 on Wednesday, hitting $6.50. 235,512 shares of the company’s stock traded hands, compared to its average volume of 318,882. Red Robin Gourmet Burgers, Inc. has a one year low of $5.56 and a one year high of $16.50. The company’s fifty day simple moving average is $7.26 and its 200 day simple moving average is $9.01. The stock has a market capitalization of $101.40 million, a price-to-earnings ratio of -4.85 and a beta of 2.83.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last released its earnings results on Wednesday, February 28th. The restaurant operator reported ($0.66) EPS for the quarter, missing the consensus estimate of ($0.43) by ($0.23). Red Robin Gourmet Burgers had a negative net margin of 1.61% and a negative return on equity of 17,823.75%. The business had revenue of $309.00 million for the quarter, compared to the consensus estimate of $304.73 million. As a group, sell-side analysts anticipate that Red Robin Gourmet Burgers, Inc. will post -1.61 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Benchmark restated a “buy” rating and set a $18.00 price objective on shares of Red Robin Gourmet Burgers in a research report on Monday, April 15th. StockNews.com cut shares of Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a research report on Thursday, April 18th.

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.