PDT Partners LLC Sells 93,871 Shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB)

PDT Partners LLC lessened its holdings in shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB - Free Report) by 62.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 57,489 shares of the restaurant operator's stock after selling 93,871 shares during the quarter. PDT Partners LLC owned about 0.33% of Red Robin Gourmet Burgers worth $316,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of RRGB. R Squared Ltd bought a new position in Red Robin Gourmet Burgers in the 4th quarter valued at approximately $52,000. Raymond James Financial Inc. acquired a new position in shares of Red Robin Gourmet Burgers during the fourth quarter valued at about $63,000. Barclays PLC increased its stake in shares of Red Robin Gourmet Burgers by 489.6% in the fourth quarter. Barclays PLC now owns 12,270 shares of the restaurant operator's stock worth $67,000 after acquiring an additional 10,189 shares during the period. Northern Trust Corp raised its position in Red Robin Gourmet Burgers by 11.9% during the fourth quarter. Northern Trust Corp now owns 32,258 shares of the restaurant operator's stock worth $177,000 after acquiring an additional 3,427 shares during the period. Finally, Commonwealth Equity Services LLC increased its stake in shares of Red Robin Gourmet Burgers by 101.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 71,032 shares of the restaurant operator's stock worth $390,000 after acquiring an additional 35,767 shares during the last quarter. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Red Robin Gourmet Burgers Stock Performance

Shares of NASDAQ:RRGB traded up $0.13 during mid-day trading on Thursday, reaching $2.85. 47,425 shares of the company's stock were exchanged, compared to its average volume of 426,328. Red Robin Gourmet Burgers, Inc. has a twelve month low of $2.50 and a twelve month high of $9.20. The business's fifty day moving average price is $3.51 and its 200-day moving average price is $4.81. The firm has a market capitalization of $50.22 million, a price-to-earnings ratio of -0.87 and a beta of 2.11.

Red Robin Gourmet Burgers (NASDAQ:RRGB - Get Free Report) last released its earnings results on Wednesday, February 26th. The restaurant operator reported ($0.94) EPS for the quarter, missing analysts' consensus estimates of ($0.50) by ($0.44). The firm had revenue of $285.23 million during the quarter, compared to the consensus estimate of $285.20 million. During the same quarter last year, the firm earned ($0.66) EPS. Analysts predict that Red Robin Gourmet Burgers, Inc. will post -2.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on RRGB. StockNews.com cut shares of Red Robin Gourmet Burgers from a "hold" rating to a "sell" rating in a report on Saturday, March 8th. CL King upgraded 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. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $13.38.

Insider Buying and Selling at Red Robin Gourmet Burgers

In other news, CEO Gerard Johan Hart sold 11,467 shares of Red Robin Gourmet Burgers stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $4.39, for a total transaction of $50,340.13. Following the sale, the chief executive officer now owns 575,270 shares of the company's stock, valued at approximately $2,525,435.30. The trade was a 1.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold a total of 52,759 shares of company stock worth $227,353 over the last three months. Company insiders own 3.19% of the company's stock.

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.