D. E. Shaw & Co. Inc. Buys 208,862 Shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB)

D. E. Shaw & Co. Inc. raised its stake in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB - Free Report) by 112.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 394,471 shares of the restaurant operator's stock after purchasing an additional 208,862 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 2.27% of Red Robin Gourmet Burgers worth $2,166,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Bandera Partners LLC bought a new stake in shares of Red Robin Gourmet Burgers during the 4th quarter worth about $1,260,000. Pacific Ridge Capital Partners LLC lifted its position in Red Robin Gourmet Burgers by 8.7% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 1,069,632 shares of the restaurant operator's stock worth $5,872,000 after purchasing an additional 85,518 shares during the period. Bank of America Corp DE raised its position 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 buying an additional 47,550 shares in the last quarter. Commonwealth Equity Services LLC raised its position in Red Robin Gourmet Burgers by 101.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 71,032 shares of the restaurant operator's stock valued at $390,000 after purchasing an additional 35,767 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. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Red Robin Gourmet Burgers Trading Up 3.6%

Shares of RRGB traded up $0.11 during trading hours on Monday, reaching $3.17. 143,165 shares of the stock traded hands, compared to its average volume of 424,913. The company has a market cap of $55.86 million, a price-to-earnings ratio of -0.96 and a beta of 2.11. Red Robin Gourmet Burgers, Inc. has a 52 week low of $2.50 and a 52 week high of $9.20. The stock has a fifty day simple moving average of $3.12 and a 200 day simple moving average of $4.54.

Red Robin Gourmet Burgers (NASDAQ:RRGB - Get Free Report) 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 analyst estimates of $285.20 million. During the same quarter last year, the firm posted ($0.66) EPS. Analysts predict that Red Robin Gourmet Burgers, Inc. will post -2.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Insider Activity

In related news, CEO Gerard Johan Hart sold 11,467 shares of the business's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $4.39, for a total transaction of $50,340.13. Following the completion of the transaction, the chief executive officer now directly owns 575,270 shares in the company, valued at $2,525,435.30. The trade was a 1.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders sold 52,759 shares of company stock worth $227,353. 3.19% of the stock is owned by company insiders.

Red Robin Gourmet Burgers 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.