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 acquired 34,649 shares of the firm's stock in a transaction that occurred on 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 completion of the purchase, the director directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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 stock was bought at an average price of $6.14 per share, for a total transaction of $112,675.14.

Red Robin Gourmet Burgers Stock Up 1.3%

Shares of NASDAQ RRGB traded up $0.08 during midday trading on Monday, reaching $6.29. 185,211 shares of the company were exchanged, compared to its average volume of 328,162. The stock's 50-day moving average price is $6.07 and its 200-day moving average price is $4.71. The stock has a market cap of $112.65 million, a P/E ratio of -1.85 and a beta of 2.50. Red Robin Gourmet Burgers, Inc. has a one year low of $2.50 and a one year high of $7.89.

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

Analysts Set New Price Targets

Separately, Benchmark reaffirmed a "buy" rating and issued a $12.00 price objective on shares of Red Robin Gourmet Burgers in a research note on Wednesday, July 16th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Red Robin Gourmet Burgers presently has a consensus rating of "Buy" and a consensus target price of $11.00.

Institutional Trading of Red Robin Gourmet Burgers

Institutional investors have recently modified their holdings of the business. JCP Investment Management LLC lifted its holdings in Red Robin Gourmet Burgers by 281.6% in the fourth quarter. JCP Investment Management LLC now owns 1,860,668 shares of the restaurant operator's stock valued at $10,215,000 after buying an additional 1,373,077 shares during the period. Bandera Partners LLC lifted its holdings in Red Robin Gourmet Burgers by 58.8% in the second quarter. Bandera Partners LLC now owns 1,350,000 shares of the restaurant operator's stock valued at $7,816,000 after buying an additional 500,000 shares during the period. Pacific Ridge Capital Partners LLC lifted its holdings in Red Robin Gourmet Burgers by 7.4% in the first quarter. Pacific Ridge Capital Partners LLC now owns 1,148,813 shares of the restaurant operator's stock valued at $4,090,000 after buying an additional 79,181 shares during the period. D. E. Shaw & Co. Inc. lifted its holdings in Red Robin Gourmet Burgers by 112.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 394,471 shares of the restaurant operator's stock valued at $2,166,000 after buying an additional 208,862 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Red Robin Gourmet Burgers by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 198,525 shares of the restaurant operator's stock valued at $1,090,000 after buying an additional 4,209 shares during the period. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.