Red Robin Gourmet Burgers Sees Unusually High Options Volume (NASDAQ:RRGB)

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB - Get Free Report) was the target of unusually large options trading on Friday. Traders acquired 6,406 call options on the stock. This is an increase of approximately 3,071% compared to the average daily volume of 202 call options.

Analyst Ratings Changes

Several equities analysts recently weighed in on RRGB shares. CL King raised 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. Wall Street Zen cut Red Robin Gourmet Burgers from a "hold" rating to a "sell" rating in a research report on Saturday, March 8th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $13.38.

Red Robin Gourmet Burgers Trading Up 62.9%

RRGB traded up $1.97 on Friday, hitting $5.10. 32,436,471 shares of the stock traded hands, compared to its average volume of 547,713. Red Robin Gourmet Burgers has a 52 week low of $2.50 and a 52 week high of $9.20. The firm has a market capitalization of $89.87 million, a PE ratio of -1.55 and a beta of 2.11. The business has a fifty day moving average price of $3.08 and a two-hundred day moving average price of $4.50.

Red Robin Gourmet Burgers (NASDAQ:RRGB - Get Free Report) last issued its quarterly earnings results on Thursday, May 29th. The restaurant operator reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.57) by $0.76. The firm had revenue of $392.35 million for the quarter, compared to the consensus estimate of $388.77 million. During the same quarter in the prior year, the firm earned ($0.80) earnings per share. On average, equities research analysts forecast that Red Robin Gourmet Burgers will post -2.94 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Gerard Johan Hart sold 11,467 shares of the business's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $4.39, for a total transaction of $50,340.13. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders sold 52,759 shares of company stock valued at $227,353. Insiders own 3.19% of the company's stock.

Institutional Investors Weigh In On Red Robin Gourmet Burgers

Large investors have recently modified their holdings of the stock. Jump Financial LLC acquired a new position in shares of Red Robin Gourmet Burgers in the 1st quarter worth approximately $37,000. XTX Topco Ltd acquired a new position in shares of Red Robin Gourmet Burgers in the 1st quarter worth approximately $49,000. R Squared Ltd acquired a new position in shares of Red Robin Gourmet Burgers in the 4th quarter worth approximately $52,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Red Robin Gourmet Burgers in the 1st quarter worth approximately $61,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Red Robin Gourmet Burgers in the 4th quarter worth approximately $63,000. 84.04% of the stock is currently owned by institutional investors.

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.