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

Several other institutional investors have also added to or reduced their stakes in the company. Jump Financial LLC bought a new position in Red Robin Gourmet Burgers in the first quarter worth $37,000. XTX Topco Ltd purchased a new stake in shares of Red Robin Gourmet Burgers in the first quarter worth about $49,000. Raymond James Financial Inc. purchased a new position in Red Robin Gourmet Burgers in the fourth quarter worth about $63,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Red Robin Gourmet Burgers during the fourth quarter valued at approximately $64,000. Finally, Barclays PLC raised its stake in shares of Red Robin Gourmet Burgers by 489.6% during the fourth quarter. Barclays PLC now owns 12,270 shares of the restaurant operator's stock valued at $67,000 after acquiring an additional 10,189 shares in the last quarter. Hedge funds and other institutional investors own 84.04% of the company's stock.

Red Robin Gourmet Burgers Stock Down 0.9%

NASDAQ RRGB traded down $0.06 during trading hours on Friday, hitting $6.74. 223,840 shares of the stock were exchanged, compared to its average volume of 264,901. The company has a market cap of $120.71 million, a price-to-earnings ratio of -1.98 and a beta of 2.45. The stock has a 50-day moving average of $6.26 and a 200 day moving average of $4.86. Red Robin Gourmet Burgers, Inc. has a 12-month low of $2.50 and a 12-month high of $7.89.

Red Robin Gourmet Burgers (NASDAQ:RRGB - Get Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The restaurant operator reported $0.26 EPS for the quarter, beating analysts' consensus estimates of ($0.25) by $0.51. The business had revenue of $283.70 million during the quarter, compared to analysts' expectations of $279.17 million. Red Robin Gourmet Burgers has set its FY 2025 guidance at EPS. On average, equities research analysts expect that Red Robin Gourmet Burgers, Inc. will post -2.94 earnings per share for the current year.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, Director Anthony S. Ackil bought 14,910 shares of Red Robin Gourmet Burgers stock in a transaction dated 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 purchase, 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 filing with the Securities & Exchange Commission, which is available through this link. Also, Director Christopher Ross Martin purchased 34,649 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The stock was purchased at an average price of $6.29 per share, for a total transaction of $217,942.21. Following the acquisition, the director owned 1,667,906 shares of the company's stock, valued at $10,491,128.74. The trade was a 2.12% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 67,910 shares of company stock worth $405,615 in the last quarter. 2.64% of the stock is currently owned by corporate 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.