Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) CEO Sells $43,338.88 in Stock

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) CEO Gerard Johan Hart sold 10,418 shares of the firm’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $4.16, for a total value of $43,338.88. Following the completion of the transaction, the chief executive officer now directly owns 564,852 shares in the company, valued at $2,349,784.32. The trade was a 1.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Gerard Johan Hart also recently made the following trade(s):

• On Monday, March 24th, Gerard Johan Hart sold 8,627 shares of Red Robin Gourmet Burgers stock. The shares were sold at an average price of $4.16, for a total transaction of $35,888.32.
• On Monday, March 17th, Gerard Johan Hart sold 11,467 shares of Red Robin Gourmet Burgers stock. The shares were sold at an average price of $4.39, for a total transaction of $50,340.13.
• On Friday, March 14th, Gerard Johan Hart sold 11,997 shares of Red Robin Gourmet Burgers stock. The shares were sold at an average price of $4.46, for a total transaction of $53,506.62.

Red Robin Gourmet Burgers Stock Performance

Red Robin Gourmet Burgers stock traded down $0.12 during trading on Tuesday, reaching $4.11. The company had a trading volume of 157,201 shares, compared to its average volume of 441,131. The firm’s 50-day simple moving average is $5.19 and its 200 day simple moving average is $5.15. Red Robin Gourmet Burgers, Inc. has a 1-year low of $2.97 and a 1-year high of $9.20. The firm has a market capitalization of $71.79 million, a PE ratio of -1.25 and a beta of 2.70.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last posted 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 company had revenue of $285.23 million during the quarter, compared to analysts’ expectations of $285.20 million. During the same period in the prior year, the company posted ($0.66) earnings per share. Analysts anticipate that Red Robin Gourmet Burgers, Inc. will post -2.94 EPS for the current year.

Institutional Trading of Red Robin Gourmet Burgers

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

Wall Street Analysts Forecast Growth

RRGB has been the topic of a number of analyst reports. StockNews.com cut Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a research note on Saturday, March 8th. CL King upgraded shares of Red Robin Gourmet Burgers from a “neutral” rating to a “buy” rating and set a $10.00 target price for the company in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Red Robin Gourmet Burgers presently has an average rating of “Moderate Buy” and an average price target of $13.38.

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.