First Eagle Investment Management LLC Acquires 313,373 Shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB)

First Eagle Investment Management LLC boosted its holdings in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGBFree Report) by 70.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 755,626 shares of the restaurant operator’s stock after purchasing an additional 313,373 shares during the quarter. First Eagle Investment Management LLC’s holdings in Red Robin Gourmet Burgers were worth $6,075,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Lazard Asset Management LLC bought a new position in Red Robin Gourmet Burgers in the 2nd quarter worth approximately $26,000. UBS Group AG boosted its stake in Red Robin Gourmet Burgers by 113.9% in the 1st quarter. UBS Group AG now owns 3,850 shares of the restaurant operator’s stock worth $55,000 after purchasing an additional 2,050 shares during the period. FMR LLC boosted its stake in Red Robin Gourmet Burgers by 750.6% in the 1st quarter. FMR LLC now owns 3,947 shares of the restaurant operator’s stock worth $57,000 after purchasing an additional 3,483 shares during the period. GSA Capital Partners LLP bought a new position in Red Robin Gourmet Burgers in the 4th quarter worth approximately $68,000. Finally, Bank of America Corp DE boosted its stake in Red Robin Gourmet Burgers by 334.0% in the 4th quarter. Bank of America Corp DE now owns 12,316 shares of the restaurant operator’s stock worth $69,000 after purchasing an additional 9,478 shares during the period. 94.11% of the stock is currently owned by institutional investors.

Red Robin Gourmet Burgers Stock Down 2.9 %

NASDAQ RRGB opened at $10.21 on Tuesday. The company has a current ratio of 0.55, a quick ratio of 0.42 and a debt-to-equity ratio of 62.16. Red Robin Gourmet Burgers, Inc. has a one year low of $6.95 and a one year high of $16.50. The stock has a 50 day moving average price of $10.96 and a 200-day moving average price of $10.31.

Red Robin Gourmet Burgers Company Profile

(Free Report)

Red Robin Gourmet Burgers, Inc, together with its subsidiaries, develops, operates, and franchises casual-dining restaurants, in North America and one Canadian province. The company's restaurants primarily offer burgers and pizza, appetizers, salads, soups, other entrees, desserts, wings, milkshakes, alcoholic and non-alcoholic specialty drinks, cocktails, wine, and beers.

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Institutional Ownership by Quarter for Red Robin Gourmet Burgers (NASDAQ:RRGB)

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