Anthony S. Ackil Purchases 14,910 Shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) Stock

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB - Get Free Report) Director Anthony S. Ackil bought 14,910 shares of the 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 completion of the acquisition, the director now owns 103,802 shares in the company, valued at approximately $522,124.06. The trade was a 16.77% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Red Robin Gourmet Burgers Price Performance

RRGB traded down $0.08 during trading hours on Thursday, reaching $5.57. The company's stock had a trading volume of 349,827 shares, compared to its average volume of 587,714. Red Robin Gourmet Burgers, Inc. has a fifty-two week low of $2.50 and a fifty-two week high of $8.18. The stock has a market cap of $98.81 million, a PE ratio of -1.32 and a beta of 2.39. The business's 50-day moving average is $3.94 and its 200-day moving average is $4.54.

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

Analyst Ratings Changes

RRGB has been the topic of several recent research reports. CL King upgraded Red Robin Gourmet Burgers from a "neutral" rating to a "buy" rating and set a $10.00 target price on the stock in a report on Thursday, February 27th. Wall Street Zen cut Red Robin Gourmet Burgers from a "hold" rating to a "sell" rating in a report on Saturday, March 8th. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $13.38.

Institutional Trading of Red Robin Gourmet Burgers

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC purchased a new stake in Red Robin Gourmet Burgers in the first quarter valued at approximately $69,000. Goldman Sachs Group Inc. raised its position in Red Robin Gourmet Burgers by 38.8% in the first quarter. Goldman Sachs Group Inc. now owns 84,625 shares of the restaurant operator's stock valued at $301,000 after purchasing an additional 23,638 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in Red Robin Gourmet Burgers in the first quarter valued at approximately $61,000. Trexquant Investment LP purchased a new stake in Red Robin Gourmet Burgers in the first quarter valued at approximately $209,000. Finally, Jump Financial LLC purchased a new stake in Red Robin Gourmet Burgers in the first quarter valued at approximately $37,000. Hedge funds and other institutional investors own 84.04% of the company's stock.

About Red Robin Gourmet Burgers

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.