Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.56 and traded as high as $5.24. Red Robin Gourmet Burgers shares last traded at $5.09, with a volume of 234,594 shares traded.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on the stock. CL King raised shares of Red Robin Gourmet Burgers from a "neutral" rating to a "buy" rating and set a $10.00 target price for the company in a research report on Thursday, February 27th. Wall Street Zen downgraded shares of 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 assigned a buy rating to the company. Based on data from MarketBeat, Red Robin Gourmet Burgers has a consensus rating of "Moderate Buy" and a consensus target price of $13.38.
Check Out Our Latest Stock Analysis on Red Robin Gourmet Burgers
Red Robin Gourmet Burgers Trading Down 2.3%
The stock has a market cap of $90.30 million, a P/E ratio of -1.21 and a beta of 2.39. The stock has a 50 day simple moving average of $3.75 and a 200 day simple moving average of $4.56.
Red Robin Gourmet Burgers (NASDAQ:RRGB - Get Free Report) last released its earnings results on Thursday, May 29th. The restaurant operator reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.57) by $0.76. The company had revenue of $392.35 million for the quarter, compared to analyst estimates of $388.77 million. During the same period last year, the company posted ($0.80) earnings per share. Equities analysts anticipate that Red Robin Gourmet Burgers, Inc. will post -2.94 earnings per share for the current year.
Insider Buying and Selling at Red Robin Gourmet Burgers
In other Red Robin Gourmet Burgers news, CEO Gerard Johan Hart sold 8,627 shares of the company's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $4.16, for a total transaction of $35,888.32. Following the completion of the sale, the chief executive officer now directly owns 556,225 shares in the company, valued at $2,313,896. This represents a 1.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 10,478 shares of company stock valued at $43,588 in the last ninety days. 3.19% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Red Robin Gourmet Burgers
Several hedge funds and other institutional investors have recently modified their holdings of RRGB. JCP Investment Management LLC lifted its holdings in shares of 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 worth $10,215,000 after acquiring an additional 1,373,077 shares during the last quarter. Pacific Ridge Capital Partners LLC raised its stake in shares of Red Robin Gourmet Burgers by 7.4% during 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 acquiring an additional 79,181 shares during the last quarter. Bandera Partners LLC lifted its stake in shares of Red Robin Gourmet Burgers by 270.2% in the first quarter. Bandera Partners LLC now owns 850,000 shares of the restaurant operator's stock worth $3,026,000 after acquiring an additional 620,402 shares during the period. D. E. Shaw & Co. Inc. increased its position in shares of Red Robin Gourmet Burgers by 112.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 394,471 shares of the restaurant operator's stock worth $2,166,000 after buying an additional 208,862 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Red Robin Gourmet Burgers by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 198,525 shares of the restaurant operator's stock valued at $1,090,000 after purchasing an additional 4,209 shares in the last quarter. Institutional investors own 84.04% of the company's stock.
About Red Robin Gourmet Burgers
(
Get Free Report)
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.
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