D. E. Shaw & Co. Inc. Increases Stock Holdings in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB)

D. E. Shaw & Co. Inc. lifted its holdings in shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB - Free Report) by 112.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 394,471 shares of the restaurant operator's stock after acquiring an additional 208,862 shares during the period. D. E. Shaw & Co. Inc. owned approximately 2.27% of Red Robin Gourmet Burgers worth $2,166,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RRGB. Bandera Partners LLC acquired a new stake in Red Robin Gourmet Burgers in the 4th quarter valued at about $1,260,000. Pacific Ridge Capital Partners LLC boosted its stake in Red Robin Gourmet Burgers by 8.7% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 1,069,632 shares of the restaurant operator's stock worth $5,872,000 after acquiring an additional 85,518 shares during the last quarter. Bank of America Corp DE boosted its stake in Red Robin Gourmet Burgers by 113.9% during the 4th quarter. Bank of America Corp DE now owns 89,298 shares of the restaurant operator's stock worth $490,000 after acquiring an additional 47,550 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in Red Robin Gourmet Burgers by 101.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 71,032 shares of the restaurant operator's stock valued at $390,000 after buying an additional 35,767 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in Red Robin Gourmet Burgers in the fourth quarter valued at approximately $181,000. 84.04% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on RRGB. CL King upgraded shares of Red Robin Gourmet Burgers from a "neutral" rating to a "buy" rating and set a $10.00 price objective on the stock in a report on Thursday, February 27th. Wall Street Zen cut shares of Red Robin Gourmet Burgers from a "hold" rating to a "sell" rating in a research report on Saturday, March 8th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $13.38.

Red Robin Gourmet Burgers Trading Up 3.6%

Shares of RRGB traded up $0.11 during trading hours on Friday, reaching $3.17. The stock had a trading volume of 143,165 shares, compared to its average volume of 423,658. Red Robin Gourmet Burgers, Inc. has a 12 month low of $2.50 and a 12 month high of $9.20. The firm has a 50-day simple moving average of $3.14 and a 200 day simple moving average of $4.57. The company has a market capitalization of $55.86 million, a price-to-earnings ratio of -0.96 and a beta of 2.11.

Red Robin Gourmet Burgers (NASDAQ:RRGB - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The restaurant operator reported ($0.94) earnings per share for the quarter, missing the consensus estimate of ($0.50) by ($0.44). The business had revenue of $285.23 million during the quarter, compared to analyst estimates of $285.20 million. During the same quarter in the previous year, the business posted ($0.66) EPS. On average, equities analysts forecast that Red Robin Gourmet Burgers, Inc. will post -2.94 EPS for the current year.

Insider Activity at Red Robin Gourmet Burgers

In other news, CEO Gerard Johan Hart sold 8,627 shares of the business's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $4.16, for a total transaction of $35,888.32. Following the completion of the transaction, the chief executive officer now owns 556,225 shares of the company's stock, valued at approximately $2,313,896. The trade was a 1.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders have sold 52,759 shares of company stock worth $227,353. Company insiders own 3.19% of the company's stock.

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.