GSA Capital Partners LLP Has $2.80 Million Stock Holdings in 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 third quarter, HoldingsChannel reports. The firm owned 634,961 shares of the restaurant operator’s stock after acquiring an additional 526,016 shares during the quarter. GSA Capital Partners LLP’s holdings in Red Robin Gourmet Burgers were worth $2,800,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of RRGB. Headlands Technologies LLC bought a new position in shares of Red Robin Gourmet Burgers in the 1st quarter valued at $25,000. Quarry LP bought a new position in shares of Red Robin Gourmet Burgers in the 2nd quarter valued at $25,000. Point72 DIFC Ltd bought a new position in shares of Red Robin Gourmet Burgers in the 2nd quarter valued at $55,000. Virtu Financial LLC bought a new position in shares of Red Robin Gourmet Burgers in the 1st quarter valued at $149,000. Finally, Quadrature Capital Ltd bought a new position in shares of Red Robin Gourmet Burgers in the 1st quarter valued at $166,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

Analyst Upgrades and Downgrades

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

Red Robin Gourmet Burgers Stock Down 5.1 %

Shares of NASDAQ:RRGB opened at $5.03 on Tuesday. The firm has a market cap of $79.36 million, a P/E ratio of -1.53 and a beta of 2.71. Red Robin Gourmet Burgers, Inc. has a 12-month low of $2.97 and a 12-month high of $12.80. The business has a fifty day simple moving average of $4.78 and a 200 day simple moving average of $5.93.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last posted its quarterly earnings data on Thursday, August 22nd. The restaurant operator reported ($0.48) earnings per share for the quarter, missing the consensus estimate of ($0.41) by ($0.07). The firm had revenue of $300.15 million during the quarter, compared to analysts’ expectations of $295.57 million. During the same period in the previous year, the business posted ($0.24) earnings per share. As a group, equities research analysts expect that Red Robin Gourmet Burgers, Inc. will post -2.7 EPS for the current year.

Insider Transactions at Red Robin Gourmet Burgers

In other news, insider Jumana Capital Investments Llc bought 45,000 shares of Red Robin Gourmet Burgers stock in a transaction dated Thursday, November 7th. The stock was bought at an average cost of $5.18 per share, for a total transaction of $233,100.00. Following the purchase, the insider now directly owns 814,452 shares in the company, valued at approximately $4,218,861.36. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders acquired 46,143 shares of company stock valued at $239,589. Corporate insiders own 3.19% 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.