Russell Investments Group Ltd. Buys 94,254 Shares of Red Robin Gourmet Burgers, Inc. (RRGB)

Russell Investments Group Ltd. raised its stake in shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) by 76.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 216,764 shares of the restaurant operator’s stock after buying an additional 94,254 shares during the quarter. Russell Investments Group Ltd. owned about 1.68% of Red Robin Gourmet Burgers worth $14,523,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in RRGB. Comerica Bank raised its stake in shares of Red Robin Gourmet Burgers by 5.8% in the third quarter. Comerica Bank now owns 51,043 shares of the restaurant operator’s stock worth $3,558,000 after purchasing an additional 2,805 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its position in Red Robin Gourmet Burgers by 58.9% during the third quarter. Municipal Employees Retirement System of Michigan now owns 4,830 shares of the restaurant operator’s stock valued at $324,000 after acquiring an additional 1,790 shares during the last quarter. Sei Investments Co. increased its position in Red Robin Gourmet Burgers by 36.8% during the third quarter. Sei Investments Co. now owns 18,557 shares of the restaurant operator’s stock valued at $1,242,000 after acquiring an additional 4,991 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in Red Robin Gourmet Burgers by 34.9% during the third quarter. BNP Paribas Arbitrage SA now owns 8,222 shares of the restaurant operator’s stock valued at $551,000 after acquiring an additional 2,128 shares during the last quarter. Finally, Investment Counselors of Maryland LLC increased its position in Red Robin Gourmet Burgers by 13.9% during the third quarter. Investment Counselors of Maryland LLC now owns 323,320 shares of the restaurant operator’s stock valued at $21,662,000 after acquiring an additional 39,550 shares during the last quarter.

A number of analysts recently commented on RRGB shares. Zacks Investment Research upgraded Red Robin Gourmet Burgers from a “hold” rating to a “buy” rating and set a $73.00 price objective for the company in a research report on Tuesday, October 10th. Stifel Nicolaus started coverage on Red Robin Gourmet Burgers in a research report on Monday, October 2nd. They set a “hold” rating and a $62.00 price objective for the company. Maxim Group reiterated a “buy” rating and set a $75.00 price objective on shares of Red Robin Gourmet Burgers in a research report on Monday, October 30th. Jefferies Group cut their price target on Red Robin Gourmet Burgers from $61.00 to $58.00 and set a “hold” rating for the company in a research note on Tuesday, November 7th. Finally, BTIG Research restated a “buy” rating and issued a $70.00 price target (up previously from $64.00) on shares of Red Robin Gourmet Burgers in a research note on Tuesday, September 12th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $69.00.

In other news, COO Carin Stutz bought 715 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were purchased at an average price of $49.15 per share, for a total transaction of $35,142.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.66% of the stock is currently owned by company insiders.

Red Robin Gourmet Burgers, Inc. (NASDAQ RRGB) traded down $3.55 during mid-day trading on Friday, reaching $48.85. The company had a trading volume of 452,837 shares, compared to its average volume of 648,059. The company has a current ratio of 0.56, a quick ratio of 0.37 and a debt-to-equity ratio of 0.76. Red Robin Gourmet Burgers, Inc. has a 12 month low of $45.20 and a 12 month high of $74.11. The firm has a market cap of $631.52, a PE ratio of 24.05, a price-to-earnings-growth ratio of 2.12 and a beta of 0.67.

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

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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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Russell Investments Group Ltd. Buys 94,254 Shares of Red Robin Gourmet Burgers, Inc. (RRGB)

Russell Investments Group Ltd. raised its stake in shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) by 76.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 216,764 shares of the restaurant operator’s stock after buying an additional 94,254 shares during the quarter. Russell Investments Group Ltd. owned about 1.68% of Red Robin Gourmet Burgers worth $14,523,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in RRGB. Comerica Bank raised its stake in shares of Red Robin Gourmet Burgers by 5.8% in the third quarter. Comerica Bank now owns 51,043 shares of the restaurant operator’s stock worth $3,558,000 after purchasing an additional 2,805 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its position in Red Robin Gourmet Burgers by 58.9% during the third quarter. Municipal Employees Retirement System of Michigan now owns 4,830 shares of the restaurant operator’s stock valued at $324,000 after acquiring an additional 1,790 shares during the last quarter. Sei Investments Co. increased its position in Red Robin Gourmet Burgers by 36.8% during the third quarter. Sei Investments Co. now owns 18,557 shares of the restaurant operator’s stock valued at $1,242,000 after acquiring an additional 4,991 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in Red Robin Gourmet Burgers by 34.9% during the third quarter. BNP Paribas Arbitrage SA now owns 8,222 shares of the restaurant operator’s stock valued at $551,000 after acquiring an additional 2,128 shares during the last quarter. Finally, Investment Counselors of Maryland LLC increased its position in Red Robin Gourmet Burgers by 13.9% during the third quarter. Investment Counselors of Maryland LLC now owns 323,320 shares of the restaurant operator’s stock valued at $21,662,000 after acquiring an additional 39,550 shares during the last quarter.

A number of analysts recently commented on RRGB shares. Zacks Investment Research upgraded Red Robin Gourmet Burgers from a “hold” rating to a “buy” rating and set a $73.00 price objective for the company in a research report on Tuesday, October 10th. Stifel Nicolaus started coverage on Red Robin Gourmet Burgers in a research report on Monday, October 2nd. They set a “hold” rating and a $62.00 price objective for the company. Maxim Group reiterated a “buy” rating and set a $75.00 price objective on shares of Red Robin Gourmet Burgers in a research report on Monday, October 30th. Jefferies Group cut their price target on Red Robin Gourmet Burgers from $61.00 to $58.00 and set a “hold” rating for the company in a research note on Tuesday, November 7th. Finally, BTIG Research restated a “buy” rating and issued a $70.00 price target (up previously from $64.00) on shares of Red Robin Gourmet Burgers in a research note on Tuesday, September 12th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $69.00.

In other news, COO Carin Stutz bought 715 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were purchased at an average price of $49.15 per share, for a total transaction of $35,142.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.66% of the stock is currently owned by company insiders.

Red Robin Gourmet Burgers, Inc. (NASDAQ RRGB) traded down $3.55 during mid-day trading on Friday, reaching $48.85. The company had a trading volume of 452,837 shares, compared to its average volume of 648,059. The company has a current ratio of 0.56, a quick ratio of 0.37 and a debt-to-equity ratio of 0.76. Red Robin Gourmet Burgers, Inc. has a 12 month low of $45.20 and a 12 month high of $74.11. The firm has a market cap of $631.52, a PE ratio of 24.05, a price-to-earnings-growth ratio of 2.12 and a beta of 0.67.

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

COPYRIGHT VIOLATION WARNING: This piece was published by Daily Political and is the sole property of of Daily Political. If you are accessing this piece on another website, it was illegally copied and reposted in violation of international trademark & copyright legislation. The correct version of this piece can be accessed at https://www.dailypolitical.com/2017/12/01/russell-investments-group-ltd-buys-94254-shares-of-red-robin-gourmet-burgers-inc-rrgb.html.

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)

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.


 Comment on this Post

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