Key Points
- Insider Sarah Mussetter sold 4,037 shares on March 16 at an average price of $3.21 for proceeds of about $12,958, reducing her stake by 3.55% to 109,801 shares.
- Q1 results showed EPS of -$0.41 (missed estimates by $0.13) while revenue was $269.04 million (slightly above expectations); the stock trades near $3.34 with a market cap of roughly $60.35 million and a 52-week range of $2.50–$7.89.
- Institutional ownership is 84.04% with several funds increasing positions recently, and analyst coverage is mixed — consensus rating "Hold" with a $9.50 price target.
Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB - Get Free Report) insider Sarah Mussetter sold 4,037 shares of the firm's stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $3.21, for a total transaction of $12,958.77. Following the completion of the transaction, the insider directly owned 109,801 shares of the company's stock, valued at approximately $352,461.21. The trade was a 3.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Red Robin Gourmet Burgers Stock Up 2.1%
Shares of RRGB opened at $3.34 on Wednesday. Red Robin Gourmet Burgers, Inc. has a fifty-two week low of $2.50 and a fifty-two week high of $7.89. The firm's 50 day moving average price is $3.88 and its 200 day moving average price is $4.83. The company has a market cap of $60.35 million, a P/E ratio of -2.55 and a beta of 2.23.
Red Robin Gourmet Burgers (NASDAQ:RRGB - Get Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The restaurant operator reported ($0.41) earnings per share for the quarter, missing analysts' consensus estimates of ($0.28) by ($0.13). The firm had revenue of $269.04 million during the quarter, compared to analyst estimates of $264.26 million. Research analysts forecast that Red Robin Gourmet Burgers, Inc. will post -2.94 earnings per share for the current year.
Institutional Trading of Red Robin Gourmet Burgers
Several institutional investors and hedge funds have recently made changes to their positions in RRGB. JCP Investment Management LLC increased its holdings in shares of Red Robin Gourmet Burgers by 0.6% in the 4th quarter. JCP Investment Management LLC now owns 1,871,235 shares of the restaurant operator's stock valued at $7,579,000 after acquiring an additional 10,567 shares during the period. Pacific Ridge Capital Partners LLC grew its position in Red Robin Gourmet Burgers by 8.8% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 1,388,465 shares of the restaurant operator's stock worth $5,623,000 after purchasing an additional 112,526 shares during the last quarter. Bandera Partners LLC increased its stake 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 purchasing an additional 500,000 shares during the period. Vanguard Group Inc. increased its stake in Red Robin Gourmet Burgers by 1.4% in the third quarter. Vanguard Group Inc. now owns 752,809 shares of the restaurant operator's stock valued at $5,164,000 after purchasing an additional 10,735 shares during the period. Finally, Mink Brook Asset Management LLC raised its holdings in shares of Red Robin Gourmet Burgers by 15.4% in the fourth quarter. Mink Brook Asset Management LLC now owns 530,345 shares of the restaurant operator's stock valued at $2,148,000 after buying an additional 70,893 shares during the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on RRGB. Weiss Ratings reissued a "sell (d-)" rating on shares of Red Robin Gourmet Burgers in a research report on Thursday, January 22nd. Jefferies Financial Group raised Red Robin Gourmet Burgers from a "hold" rating to a "buy" rating and set a $7.00 target price on the stock in a report on Monday, December 15th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Red Robin Gourmet Burgers currently has a consensus rating of "Hold" and a consensus price target of $9.50.
Read Our Latest Report on RRGB
Red Robin Gourmet Burgers Company Profile
(
Get Free Report)
Red Robin Gourmet Burgers, Inc, trading on NASDAQ under the ticker RRGB, is a leading casual dining restaurant company headquartered in Greenwood Village, Colorado. The company specializes in offering a diverse menu centered on gourmet burgers, bottomless steak fries, salads, sandwiches and a selection of alcoholic beverages. Red Robin operates restaurants under its flagship Red Robin® brand, serving guests through both dine-in and off-premises channels, including delivery and carry-out. The company also leverages technology and loyalty programs to enhance the guest experience and drive repeat visits.
Founded in 1969 in Seattle, Washington, Red Robin began as a small tavern before evolving into a family-friendly restaurant concept focused on premium burgers.
Further Reading
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