EAM Investors LLC bought a new position in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 38,739 shares of the restaurant operator’s stock, valued at approximately $2,528,000. EAM Investors LLC owned approximately 0.30% of Red Robin Gourmet Burgers at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. raised its holdings in shares of Red Robin Gourmet Burgers by 1.3% in the 2nd quarter. BlackRock Inc. now owns 1,581,338 shares of the restaurant operator’s stock worth $103,184,000 after buying an additional 20,059 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Red Robin Gourmet Burgers by 29.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,084,203 shares of the restaurant operator’s stock worth $63,371,000 after buying an additional 246,178 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Red Robin Gourmet Burgers by 5.5% in the 2nd quarter. Vanguard Group Inc. now owns 704,965 shares of the restaurant operator’s stock worth $45,998,000 after buying an additional 36,847 shares in the last quarter. Alliancebernstein L.P. raised its holdings in shares of Red Robin Gourmet Burgers by 2.0% in the 1st quarter. Alliancebernstein L.P. now owns 525,590 shares of the restaurant operator’s stock worth $30,721,000 after buying an additional 10,250 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of Red Robin Gourmet Burgers by 5.6% in the 1st quarter. State Street Corp now owns 301,112 shares of the restaurant operator’s stock worth $17,600,000 after buying an additional 15,870 shares in the last quarter.

A number of equities analysts have recently issued reports on the company. Raymond James Financial, Inc. set a $75.00 target price on Red Robin Gourmet Burgers and gave the stock a “buy” rating in a report on Wednesday, August 9th. Canaccord Genuity reissued a “buy” rating and issued a $80.00 target price (down from $90.00) on shares of Red Robin Gourmet Burgers in a report on Wednesday, August 9th. TheStreet cut Red Robin Gourmet Burgers from a “b-” rating to a “c” rating in a report on Wednesday, August 9th. Zacks Investment Research raised Red Robin Gourmet Burgers from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. Finally, BTIG Research raised Red Robin Gourmet Burgers from a “neutral” rating to a “buy” rating and set a $64.00 target price for the company in a report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $73.40.

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In other news, CFO Guy J. Constant acquired 2,500 shares of the stock in a transaction on Monday, August 14th. The stock was acquired at an average cost of $58.88 per share, for a total transaction of $147,200.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.66% of the stock is owned by insiders.

Shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) opened at 62.70 on Tuesday. Red Robin Gourmet Burgers, Inc. has a 52-week low of $40.85 and a 52-week high of $74.11. The company’s 50-day moving average price is $58.44 and its 200-day moving average price is $60.76. The company has a market capitalization of $810.52 million, a price-to-earnings ratio of 97.21 and a beta of 0.63.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last announced its quarterly earnings data on Tuesday, August 8th. The restaurant operator reported $0.61 EPS for the quarter, beating the consensus estimate of $0.51 by $0.10. Red Robin Gourmet Burgers had a net margin of 0.64% and a return on equity of 8.00%. The business had revenue of $315.80 million during the quarter, compared to the consensus estimate of $315.69 million. During the same period in the previous year, the business earned $0.75 earnings per share. The company’s revenue was up 3.4% on a year-over-year basis. Equities research analysts forecast that Red Robin Gourmet Burgers, Inc. will post $2.78 EPS for the current fiscal year.

About Red Robin Gourmet Burgers

Red Robin Gourmet Burgers, Inc, together with its subsidiaries, primarily develops, operates, and franchises full-service restaurants in North America and focuses on serving selection of gourmet burgers. The Company’s menu features a line of gourmet burgers, which it makes from ground beef, as well as its line of Red’s Tavern Double Burgers and its Red Robin’s line of half-pound Angus beef burgers with various toppings.

Institutional Ownership by Quarter for Red Robin Gourmet Burgers (NASDAQ:RRGB)

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