Key Points
- Sarah Mussetter sold 2,800 shares of Red Robin (NASDAQ:RRGB) on Dec. 9 at an average price of $3.88 for $10,864, reducing her stake by 2.47% to 110,677 shares, according to an SEC filing.
- Shares rose to $4.13 (market cap ~$74.1M) after Red Robin reported Q1 EPS of -$0.70 and revenue of $265.13M, both beating estimates, but analysts remain mixed with an average rating of "Hold" and an $11 price target.
Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB - Get Free Report) insider Sarah Mussetter sold 2,800 shares of the stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $3.88, for a total value of $10,864.00. Following the sale, the insider directly owned 110,677 shares in the company, valued at $429,426.76. This trade represents a 2.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Red Robin Gourmet Burgers Trading Up 2.1%
Shares of NASDAQ:RRGB traded up $0.09 on Friday, reaching $4.13. The company had a trading volume of 32,322 shares, compared to its average volume of 483,622. The firm has a market capitalization of $74.09 million, a PE ratio of -1.28 and a beta of 2.21. Red Robin Gourmet Burgers, Inc. has a 52-week low of $2.50 and a 52-week high of $7.89. The firm's 50 day simple moving average is $5.14 and its 200-day simple moving average is $5.76.
Red Robin Gourmet Burgers (NASDAQ:RRGB - Get Free Report) last issued its quarterly earnings data on Monday, November 10th. The restaurant operator reported ($0.70) earnings per share for the quarter, beating analysts' consensus estimates of ($0.78) by $0.08. The company had revenue of $265.13 million for the quarter, compared to the consensus estimate of $256.75 million. As a group, equities research analysts predict that Red Robin Gourmet Burgers, Inc. will post -2.94 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on RRGB. Benchmark restated a "buy" rating on shares of Red Robin Gourmet Burgers in a report on Monday, November 17th. Zacks Research cut shares of Red Robin Gourmet Burgers from a "strong-buy" rating to a "hold" rating in a research report on Thursday, November 6th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Red Robin Gourmet Burgers in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Red Robin Gourmet Burgers presently has an average rating of "Hold" and an average price target of $11.00.
Check Out Our Latest Stock Analysis on RRGB
Hedge Funds Weigh In On Red Robin Gourmet Burgers
Hedge funds and other institutional investors have recently modified their holdings of the stock. XTX Topco Ltd purchased a new stake in Red Robin Gourmet Burgers during the 1st quarter worth approximately $49,000. Bandera Partners LLC lifted its stake in shares of Red Robin Gourmet Burgers by 270.2% during the first quarter. Bandera Partners LLC now owns 850,000 shares of the restaurant operator's stock worth $3,026,000 after buying an additional 620,402 shares during the period. Fuller & Thaler Asset Management Inc. grew its holdings in shares of Red Robin Gourmet Burgers by 4.6% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 93,985 shares of the restaurant operator's stock valued at $335,000 after buying an additional 4,140 shares during the last quarter. Jump Financial LLC purchased a new stake in shares of Red Robin Gourmet Burgers during the first quarter valued at $37,000. Finally, Trexquant Investment LP acquired a new position in shares of Red Robin Gourmet Burgers in the 1st quarter valued at $209,000. 84.04% of the stock is owned by hedge funds and other institutional investors.
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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