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 company’s stock in a transaction on Thursday, November 7th. The stock was acquired at an average price of $5.18 per share, for a total transaction of $233,100.00. Following the completion of the purchase, the insider now owns 814,452 shares of the company’s stock, valued at $4,218,861.36. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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 acquired 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 purchased 893 shares of Red Robin Gourmet Burgers stock. The shares were purchased 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 %

RRGB stock opened at $5.30 on Friday. The company has a market cap of $83.50 million, a P/E ratio of -1.61 and a beta of 2.71. Red Robin Gourmet Burgers, Inc. has a 52 week low of $2.97 and a 52 week high of $12.80. The company’s 50-day moving average price is $4.78 and its 200 day moving average price is $5.93.

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

Wall Street Analyst Weigh In

RRGB has been the topic of a number of recent analyst reports. Benchmark dropped their price target on shares of 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. Craig Hallum dropped their price target on shares of 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. Finally, Lake Street Capital dropped their price target on shares of 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.

Institutional Trading of Red Robin Gourmet Burgers

Several institutional investors and hedge funds have recently modified their holdings of RRGB. GSA Capital Partners LLP lifted its holdings in shares of Red Robin Gourmet Burgers by 482.8% in the third quarter. GSA Capital Partners LLP now owns 634,961 shares of the restaurant operator’s stock valued at $2,800,000 after purchasing an additional 526,016 shares in the last quarter. Millennium Management LLC purchased a new stake in shares of Red Robin Gourmet Burgers in the second quarter valued at about $2,777,000. Western Standard LLC purchased a new stake in shares of Red Robin Gourmet Burgers in the first quarter valued at about $2,156,000. Marshall Wace LLP lifted its holdings in shares of 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 purchasing an additional 240,954 shares in the last quarter. Finally, Resolute Capital Asset Partners LLC acquired a new position in shares of Red Robin Gourmet Burgers in the second quarter valued at approximately $1,135,000. 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.