Bandera Partners LLC Buys 620,402 Shares of Red Robin Gourmet Burgers, Inc. $RRGB

Key Points

• Bandera Partners LLC increased its stake in Red Robin Gourmet Burgers by 270.2%, now holding 850,000 shares valued at approximately $3.03 million.
• Institutional investors own 84.04% of Red Robin's stock, with significant increases in holdings from firms like JCP Investment Management and Pacific Ridge Capital Partners.
• Red Robin's stock is rated as a "Moderate Buy" with a consensus price target of $12.38, according to recent analyst evaluations.

Bandera Partners LLC boosted its stake in shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB - Free Report) by 270.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 850,000 shares of the restaurant operator's stock after acquiring an additional 620,402 shares during the period. Red Robin Gourmet Burgers accounts for about 1.1% of Bandera Partners LLC's portfolio, making the stock its 16th biggest position. Bandera Partners LLC owned about 4.82% of Red Robin Gourmet Burgers worth $3,026,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the stock. JCP Investment Management LLC boosted its holdings in shares of 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 purchasing an additional 1,373,077 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in shares of 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 purchasing an additional 208,862 shares in the last quarter. Pacific Ridge Capital Partners LLC boosted its holdings in shares of Red Robin Gourmet Burgers by 7.4% in the 1st quarter. Pacific Ridge Capital Partners LLC now owns 1,148,813 shares of the restaurant operator's stock valued at $4,090,000 after purchasing an additional 79,181 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Red Robin Gourmet Burgers by 113.9% in the 4th quarter. Bank of America Corp DE now owns 89,298 shares of the restaurant operator's stock valued at $490,000 after purchasing an additional 47,550 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Red Robin Gourmet Burgers in the 4th quarter valued at $181,000. Institutional investors own 84.04% of the company's stock.

Insider Activity at Red Robin Gourmet Burgers

In other Red Robin Gourmet Burgers news, Director Anthony S. Ackil purchased 14,910 shares of the firm's stock in a transaction that occurred on Friday, June 20th. The stock was bought at an average cost of $5.03 per share, with a total value of $74,997.30. Following the completion of the transaction, the director owned 103,802 shares of the company's stock, valued at $522,124.06. The trade was a 16.77% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 2.64% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, Benchmark reissued a "buy" rating and set a $12.00 price objective on shares of Red Robin Gourmet Burgers in a report on Wednesday, July 16th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $12.38.

Red Robin Gourmet Burgers Stock Up 2.5%

RRGB traded up $0.1550 during midday trading on Friday, hitting $6.3050. 221,383 shares of the company were exchanged, compared to its average volume of 597,194. The firm has a market capitalization of $112.92 million, a P/E ratio of -1.86 and a beta of 2.50. Red Robin Gourmet Burgers, Inc. has a 1-year low of $2.50 and a 1-year high of $7.89. The firm's 50 day moving average price is $6.02 and its 200-day moving average price is $4.72.

Red Robin Gourmet Burgers (NASDAQ:RRGB - Get Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The restaurant operator reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.25) by $0.51. The business had revenue of $283.70 million during the quarter, compared to analyst estimates of $279.17 million. Red Robin Gourmet Burgers has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that Red Robin Gourmet Burgers, Inc. will post -2.94 earnings per share for the current fiscal year.

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.