Hood River Capital Management LLC boosted its holdings in shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) by 2.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 381,943 shares of the restaurant operator’s stock after buying an additional 10,606 shares during the quarter. Red Robin Gourmet Burgers accounts for about 1.6% of Hood River Capital Management LLC’s portfolio, making the stock its 19th largest holding. Hood River Capital Management LLC owned about 2.95% of Red Robin Gourmet Burgers worth $25,590,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Texas Permanent School Fund increased its holdings in shares of Red Robin Gourmet Burgers by 0.9% during the 2nd quarter. Texas Permanent School Fund now owns 9,396 shares of the restaurant operator’s stock valued at $613,000 after purchasing an additional 86 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its holdings in shares of Red Robin Gourmet Burgers by 3.8% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 3,040 shares of the restaurant operator’s stock valued at $198,000 after purchasing an additional 110 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Red Robin Gourmet Burgers by 6.4% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,871 shares of the restaurant operator’s stock valued at $122,000 after purchasing an additional 112 shares in the last quarter. Teachers Advisors LLC increased its holdings in shares of Red Robin Gourmet Burgers by 0.6% during the 1st quarter. Teachers Advisors LLC now owns 21,896 shares of the restaurant operator’s stock valued at $1,280,000 after purchasing an additional 126 shares in the last quarter. Finally, Thrivent Financial For Lutherans increased its holdings in shares of Red Robin Gourmet Burgers by 5.1% during the 1st quarter. Thrivent Financial For Lutherans now owns 7,280 shares of the restaurant operator’s stock valued at $426,000 after purchasing an additional 350 shares in the last quarter.

Several research firms have recently weighed in on RRGB. Maxim Group reaffirmed a “buy” rating and set a $75.00 target price on shares of Red Robin Gourmet Burgers in a report on Monday, October 30th. Stifel Nicolaus began coverage on shares of Red Robin Gourmet Burgers in a report on Monday, October 2nd. They set a “hold” rating and a $62.00 target price for the company. BTIG Research cut their target price on shares of Red Robin Gourmet Burgers from $70.00 to $63.00 and set a “buy” rating for the company in a report on Tuesday, November 7th. Raymond James Financial, Inc. lowered shares of Red Robin Gourmet Burgers from a “strong-buy” rating to an “outperform” rating and cut their target price for the company from $77.50 to $65.00 in a report on Tuesday, November 7th. Finally, Jefferies Group LLC cut their target price on shares of Red Robin Gourmet Burgers from $61.00 to $58.00 and set a “hold” rating for the company in a report on Tuesday, November 7th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $69.00.

Shares of Red Robin Gourmet Burgers, Inc. (RRGB) traded down $1.00 during midday trading on Thursday, reaching $48.55. 277,600 shares of the company traded hands, compared to its average volume of 382,473. The stock has a market cap of $640.98, a price-to-earnings ratio of 24.05, a PEG ratio of 2.12 and a beta of 0.67. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.37 and a current ratio of 0.56. Red Robin Gourmet Burgers, Inc. has a 12 month low of $45.20 and a 12 month high of $74.11.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last issued its quarterly earnings results on Monday, November 6th. The restaurant operator reported $0.21 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.09). The company had revenue of $304.20 million during the quarter, compared to analysts’ expectations of $308.44 million. Red Robin Gourmet Burgers had a return on equity of 7.32% and a net margin of 0.94%. Red Robin Gourmet Burgers’s revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.38 EPS. research analysts predict that Red Robin Gourmet Burgers, Inc. will post 2.26 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This story was reported by Daily Political and is the sole property of of Daily Political. If you are accessing this story on another site, it was stolen and reposted in violation of US & international copyright legislation. The original version of this story can be read at https://www.dailypolitical.com/2017/11/16/hood-river-capital-management-llc-acquires-10606-shares-of-red-robin-gourmet-burgers-inc-rrgb.html.

Red Robin Gourmet Burgers Profile

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)

Receive News & Ratings for Red Robin Gourmet Burgers Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Red Robin Gourmet Burgers Inc. and related companies with MarketBeat.com's FREE daily email newsletter.