Red Robin Gourmet Burgers (NASDAQ:RRGB) Director Buys $217,942.21 in Stock

Key Points

• Director Christopher Ross Martin purchased $217,942.21 in Red Robin Gourmet Burgers stock, acquiring a total of 34,649 shares at an average price of $6.29, increasing his ownership by 2.12%.
• The company's stock has seen a recent uptrend, trading at $6.29, with a market cap of $112.65 million and analysts indicating a consensus target price of $11.00.
• Red Robin reported a $0.26 earnings per share for the last quarter, outperforming estimates and indicating robust financial performance amid an ongoing strategic recovery.

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB - Get Free Report) Director Christopher Ross Martin purchased 34,649 shares of Red Robin Gourmet Burgers stock in a transaction on Friday, August 22nd. The shares were acquired at an average price of $6.29 per share, for a total transaction of $217,942.21. Following the completion of the transaction, the director directly owned 1,667,906 shares of the company's stock, valued at approximately $10,491,128.74. The trade was a 2.12% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Christopher Ross Martin also recently made the following trade(s):

• On Thursday, August 21st, Christopher Ross Martin bought 18,351 shares of Red Robin Gourmet Burgers stock. The shares were bought at an average cost of $6.14 per share, for a total transaction of $112,675.14.

Red Robin Gourmet Burgers Stock Down 0.3%

Shares of RRGB traded down $0.02 during trading hours on Friday, reaching $6.48. 114,069 shares of the company traded hands, compared to its average volume of 363,286. The company's fifty day moving average price is $6.18 and its two-hundred day moving average price is $4.75. The company has a market capitalization of $116.06 million, a price-to-earnings ratio of -1.91 and a beta of 2.50. 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 issued its quarterly earnings results on Wednesday, August 13th. The restaurant operator reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.25) by $0.51. The business had revenue of $283.70 million for the quarter, compared to analysts' expectations of $279.17 million. Red Robin Gourmet Burgers has set its FY 2025 guidance at EPS. On average, analysts expect that Red Robin Gourmet Burgers, Inc. will post -2.94 EPS for the current year.

Analyst Ratings Changes

Separately, Benchmark reiterated a "buy" rating and issued a $12.00 price target 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, Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $11.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets raised its holdings in shares of Red Robin Gourmet Burgers by 503.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 5,379 shares of the restaurant operator's stock worth $31,000 after acquiring an additional 4,487 shares in the last quarter. Jump Financial LLC purchased a new stake in shares of Red Robin Gourmet Burgers during the 1st quarter worth approximately $37,000. XTX Topco Ltd purchased a new stake in shares of Red Robin Gourmet Burgers during the 1st quarter worth approximately $49,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Red Robin Gourmet Burgers during the 1st quarter worth approximately $61,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Red Robin Gourmet Burgers during the 4th quarter worth approximately $63,000. 84.04% of the stock is currently owned by institutional investors.

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.