Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) CEO Sells $53,506.62 in Stock

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) CEO Gerard Johan Hart sold 11,997 shares of Red Robin Gourmet Burgers stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $4.46, for a total value 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 approximately $2,616,847.02. This represents a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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 value of $50,340.13.

Red Robin Gourmet Burgers Stock Up 1.4 %

NASDAQ RRGB opened at $4.33 on Friday. The company has a market cap of $75.63 million, a price-to-earnings ratio of -1.32 and a beta of 2.70. Red Robin Gourmet Burgers, Inc. has a 52 week low of $2.97 and a 52 week high of $9.20. The business has a 50 day moving average price of $5.24 and a 200-day moving average price of $5.11.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last released its quarterly earnings data on Wednesday, February 26th. The restaurant operator reported ($0.94) EPS for the quarter, missing the consensus estimate of ($0.50) by ($0.44). The firm had revenue of $285.23 million during the quarter, compared to analysts’ expectations of $285.20 million. During the same period last year, the company posted ($0.66) EPS. On average, equities research analysts anticipate that Red Robin Gourmet Burgers, Inc. will post -2.94 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. StockNews.com lowered Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a research note on Saturday, March 8th. CL King raised Red Robin Gourmet Burgers from a “neutral” rating to a “buy” rating and set a $10.00 price target on the stock in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $13.38.

Institutional Investors Weigh In On Red Robin Gourmet Burgers

A number of institutional investors and hedge funds have recently bought and sold shares of RRGB. JCP Investment Management LLC raised its position in Red Robin Gourmet Burgers by 281.6% in the 4th quarter. JCP Investment Management LLC now owns 1,860,668 shares of the restaurant operator’s stock valued at $10,215,000 after buying an additional 1,373,077 shares during the last quarter. Verition Fund Management LLC purchased a new stake in Red Robin Gourmet Burgers in the 3rd quarter valued at $1,082,000. Bandera Partners LLC purchased a new stake in Red Robin Gourmet Burgers in the 4th quarter valued at $1,260,000. D. E. Shaw & Co. Inc. raised its position in Red Robin Gourmet Burgers by 112.5% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 394,471 shares of the restaurant operator’s stock valued at $2,166,000 after buying an additional 208,862 shares during the last quarter. Finally, PDT Partners LLC raised its position in Red Robin Gourmet Burgers by 159.5% in the 3rd quarter. PDT Partners LLC now owns 151,360 shares of the restaurant operator’s stock valued at $667,000 after buying an additional 93,040 shares during the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

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.