Red Robin Gourmet Burgers Inc. (NASDAQ:RRGB) COO Carin Stutz acquired 1,077 shares of the firm’s stock in a transaction that occurred on Thursday, September 15th. The shares were purchased at an average cost of $46.40 per share, with a total value of $49,972.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Red Robin Gourmet Burgers Inc. (NASDAQ:RRGB) opened at 45.77 on Wednesday. The company’s 50 day moving average is $49.41 and its 200-day moving average is $55.11. Red Robin Gourmet Burgers Inc. has a 12 month low of $45.00 and a 12 month high of $82.66. The firm has a market cap of $608.15 million, a PE ratio of 15.24 and a beta of 0.98.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last issued its earnings results on Tuesday, August 9th. The company reported $0.75 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.80 by $0.05. The firm had revenue of $305.50 million for the quarter, compared to analyst estimates of $313.63 million. Red Robin Gourmet Burgers had a return on equity of 12.47% and a net margin of 3.27%. Red Robin Gourmet Burgers’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.78 earnings per share. Equities research analysts predict that Red Robin Gourmet Burgers Inc. will post $3.19 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in the company. Bayesian Capital Management LP bought a new position in Red Robin Gourmet Burgers during the first quarter worth approximately $245,000. Renaissance Technologies LLC bought a new position in Red Robin Gourmet Burgers during the first quarter worth approximately $3,595,000. Kennedy Capital Management Inc. bought a new position in Red Robin Gourmet Burgers during the first quarter worth approximately $4,435,000. Wellington Management Group LLP boosted its position in Red Robin Gourmet Burgers by 270.2% in the first quarter. Wellington Management Group LLP now owns 159,270 shares of the company’s stock worth $10,268,000 after buying an additional 116,252 shares during the period. Finally, Geode Capital Management LLC boosted its position in Red Robin Gourmet Burgers by 4.6% in the first quarter. Geode Capital Management LLC now owns 97,189 shares of the company’s stock worth $6,265,000 after buying an additional 4,264 shares during the period.

Several analysts recently issued reports on the stock. Maxim Group reaffirmed a “buy” rating and set a $77.00 price objective (down from $81.00) on shares of Red Robin Gourmet Burgers in a report on Friday, June 17th. Zacks Investment Research downgraded shares of Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a report on Tuesday, July 26th. Jefferies Group downgraded shares of Red Robin Gourmet Burgers from a “buy” rating to a “hold” rating and set a $55.00 price target for the company. in a report on Tuesday, July 26th. Canaccord Genuity began coverage on shares of Red Robin Gourmet Burgers in a report on Monday, August 22nd. They issued a “hold” rating and a $53.00 price target for the company. Finally, Bank of America Corp. downgraded shares of Red Robin Gourmet Burgers from a “buy” rating to an “underperform” rating and set a $50.00 price target for the company. in a report on Tuesday, September 13th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Red Robin Gourmet Burgers has a consensus rating of “Hold” and an average target price of $71.69.

Red Robin Gourmet Burgers Company Profile

Red Robin Gourmet Burgers, Inc, together with its subsidiaries, primarily develops, operates and franchises casual-dining restaurants and fast-casual restaurants in North America and focuses on serving a selection of gourmet burgers. The Company is primarily engaged in the sale of food and beverages at the Company-owned restaurants.

5 Day Chart for NASDAQ:RRGB

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