Trexquant Investment LP Makes New Investment in Red Robin Gourmet Burgers, Inc. $RRGB

Key Points

• Trexquant Investment LP acquired a new stake in Red Robin Gourmet Burgers, purchasing 58,807 shares valued at approximately $209,000, which represents about 0.33% ownership of the company.
• Other hedge funds have significantly increased their positions in Red Robin, with Bandera Partners LLC boosting its stake by 270.2% during the first quarter.
• Red Robin's latest earnings report showed a positive EPS of $0.26, exceeding the consensus estimate, and the company has set a FY 2025 EPS guidance that analysts expect to be negative.

Trexquant Investment LP bought a new position in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 58,807 shares of the restaurant operator's stock, valued at approximately $209,000. Trexquant Investment LP owned 0.33% of Red Robin Gourmet Burgers as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Jump Financial LLC purchased a new position in shares of Red Robin Gourmet Burgers in the 1st quarter valued at about $37,000. Raymond James Financial Inc. purchased a new position in shares of Red Robin Gourmet Burgers in the 4th quarter valued at about $63,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Red Robin Gourmet Burgers in the 4th quarter valued at about $64,000. Barclays PLC increased its holdings in shares of Red Robin Gourmet Burgers by 489.6% in the 4th quarter. Barclays PLC now owns 12,270 shares of the restaurant operator's stock valued at $67,000 after purchasing an additional 10,189 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in Red Robin Gourmet Burgers during the 1st quarter valued at about $49,000. Institutional investors and hedge funds own 84.04% of the company's stock.

Wall Street Analyst Weigh In

Separately, Benchmark reiterated a "buy" rating and set a $12.00 price target on shares of Red Robin Gourmet Burgers in a report on Wednesday, July 16th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $11.00.

Red Robin Gourmet Burgers Stock Performance

Shares of NASDAQ:RRGB traded up $0.05 during trading hours on Tuesday, hitting $6.81. 225,237 shares of the company's stock traded hands, compared to its average volume of 253,560. Red Robin Gourmet Burgers, Inc. has a 52 week low of $2.50 and a 52 week high of $7.89. The company's fifty day simple moving average is $6.28 and its two-hundred day simple moving average is $4.87. The company has a market cap of $121.97 million, a price-to-earnings ratio of -2.00 and a beta of 2.45.

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

Insider Activity at Red Robin Gourmet Burgers

In other Red Robin Gourmet Burgers news, Director Anthony S. Ackil acquired 14,910 shares of the business's stock in a transaction that occurred on Friday, June 20th. The shares were purchased at an average price 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 in the company, valued at $522,124.06. The trade was a 16.77% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Christopher Ross Martin purchased 34,649 shares of the company's stock in a transaction dated Friday, August 22nd. The stock was purchased at an average cost of $6.29 per share, for a total transaction of $217,942.21. Following the transaction, the director owned 1,667,906 shares of the company's stock, valued at approximately $10,491,128.74. This trade represents a 2.12% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 67,910 shares of company stock worth $405,615. Insiders own 2.64% 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.