Pacific Ridge Capital Partners LLC Has $4.09 Million Holdings in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB)

Key Points

• Pacific Ridge Capital Partners LLC increased its stake in Red Robin Gourmet Burgers by 7.4%, now owning approximately 6.52% of the company, valued at $4.09 million.
• Red Robin reported $0.19 EPS for the last quarter, significantly beating analyst expectations of (0.57), and had revenue of $392.35 million.
• Benchmark has reaffirmed a "buy" rating on Red Robin Gourmet Burgers with a price target of $12.00, despite the stock's current market performance.

Pacific Ridge Capital Partners LLC increased its stake in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB - Free Report) by 7.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,148,813 shares of the restaurant operator's stock after buying an additional 79,181 shares during the quarter. Pacific Ridge Capital Partners LLC owned approximately 6.52% of Red Robin Gourmet Burgers worth $4,090,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. JCP Investment Management LLC lifted its stake 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 buying an additional 1,373,077 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its stake in shares of Red Robin Gourmet Burgers by 112.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 394,471 shares of the restaurant operator's stock worth $2,166,000 after buying an additional 208,862 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of 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 buying an additional 47,550 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of Red Robin Gourmet Burgers by 101.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 71,032 shares of the restaurant operator's stock worth $390,000 after buying an additional 35,767 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Red Robin Gourmet Burgers during the 4th quarter worth about $181,000. Institutional investors and hedge funds own 84.04% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Benchmark restated a "buy" rating and set a $12.00 target price on shares of Red Robin Gourmet Burgers in a research note on Wednesday, July 16th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $12.38.

Red Robin Gourmet Burgers Stock Down 3.7%

Shares of RRGB traded down $0.21 during midday trading on Wednesday, reaching $5.55. 163,421 shares of the stock were exchanged, compared to its average volume of 613,900. Red Robin Gourmet Burgers, Inc. has a twelve month low of $2.50 and a twelve month high of $7.89. The company has a market cap of $98.42 million, a P/E ratio of -1.31 and a beta of 2.50. The stock's 50 day simple moving average is $5.87 and its 200 day simple moving average is $4.70.

Red Robin Gourmet Burgers (NASDAQ:RRGB - Get Free Report) last posted its earnings results on Thursday, May 29th. The restaurant operator reported $0.19 earnings per share for the quarter, topping analysts' consensus estimates of ($0.57) by $0.76. The firm had revenue of $392.35 million for the quarter, compared to analyst estimates of $388.77 million. During the same period in the prior year, the business posted ($0.80) EPS. As a group, analysts predict that Red Robin Gourmet Burgers, Inc. will post -2.94 earnings per share for the current year.

Insider Activity at Red Robin Gourmet Burgers

In related news, Director Anthony S. Ackil purchased 14,910 shares of the firm's stock in a transaction that occurred on Friday, June 20th. The shares were bought at an average price of $5.03 per share, for a total transaction of $74,997.30. Following the completion of the transaction, the director 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 document filed with the SEC, which is available through this link. 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.