Red Robin Gourmet Burgers, Inc. $RRGB Shares Acquired by Bandera Partners LLC

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 increased its holdings in shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB - Free Report) by 270.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 850,000 shares of the restaurant operator's stock after acquiring an additional 620,402 shares during the period. Red Robin Gourmet Burgers makes up 1.1% of Bandera Partners LLC's investment portfolio, making the stock its 16th largest holding. Bandera Partners LLC owned about 4.82% of Red Robin Gourmet Burgers worth $3,026,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Raymond James Financial Inc. bought a new position in shares of Red Robin Gourmet Burgers in the fourth quarter worth approximately $63,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Red Robin Gourmet Burgers in the fourth quarter worth $64,000. Barclays PLC increased its stake in shares of Red Robin Gourmet Burgers by 489.6% in the fourth quarter. Barclays PLC now owns 12,270 shares of the restaurant operator's stock worth $67,000 after purchasing an additional 10,189 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Red Robin Gourmet Burgers during the first quarter worth $49,000. Finally, Northern Trust Corp boosted its position in shares of Red Robin Gourmet Burgers by 11.9% during the fourth quarter. Northern Trust Corp now owns 32,258 shares of the restaurant operator's stock worth $177,000 after acquiring an additional 3,427 shares during the last quarter. Institutional investors own 84.04% of the company's stock.

Red Robin Gourmet Burgers Stock Down 0.1%

Shares of Red Robin Gourmet Burgers stock traded down $0.01 on Tuesday, reaching $6.66. The stock had a trading volume of 342,593 shares, compared to its average volume of 355,108. The company has a 50 day moving average price of $5.99 and a 200 day moving average price of $4.71. The stock has a market capitalization of $119.28 million, a P/E ratio of -1.96 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.

Red Robin Gourmet Burgers (NASDAQ:RRGB - Get Free Report) last released its earnings results on Wednesday, August 13th. The restaurant operator reported $0.26 EPS for the quarter, topping analysts' consensus estimates of ($0.25) by $0.51. The company 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, analysts forecast that Red Robin Gourmet Burgers, Inc. will post -2.94 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Anthony S. Ackil bought 14,910 shares of the stock in a transaction that occurred on Friday, June 20th. The stock was bought at an average cost of $5.03 per share, for a total transaction of $74,997.30. Following the purchase, the director directly owned 103,802 shares of the company's stock, valued at approximately $522,124.06. This trade represents a 16.77% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.64% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, Benchmark reiterated a "buy" rating and set a $12.00 price objective on shares of Red Robin Gourmet Burgers in a research report on Wednesday, July 16th. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, Red Robin Gourmet Burgers has an average rating of "Buy" and a consensus price target of $12.38.

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.