Red Robin Sees Unusually High Options Volume (RRGB)
Red Robin (NASDAQ:RRGB) saw some unusual options trading on Monday. Investors acquired 1,475 put options on the company. This represents an increase of 768% compared to the typical volume of 170 put options.
Shares of RRGB stock opened at $62.45 on Tuesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.65 and a quick ratio of 0.47. The stock has a market capitalization of $789.32, a P/E ratio of 24.44, a PEG ratio of 2.37 and a beta of 0.31. Red Robin has a 12 month low of $45.70 and a 12 month high of $74.11.
Red Robin (NASDAQ:RRGB) last announced its quarterly earnings data on Thursday, February 22nd. The restaurant operator reported $0.78 EPS for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.24. The firm had revenue of $342.35 million during the quarter, compared to analyst estimates of $330.51 million. Red Robin had a return on equity of 8.63% and a net margin of 2.17%. The company’s revenue was up 17.5% on a year-over-year basis. During the same period last year, the company earned $0.35 earnings per share. equities analysts anticipate that Red Robin will post 2.65 earnings per share for the current fiscal year.
In other news, Director Richard J. Howell sold 3,416 shares of the firm’s stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $62.79, for a total value of $214,490.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Pattye L. Moore sold 1,500 shares of the firm’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $57.98, for a total value of $86,970.00. Following the completion of the sale, the director now owns 3,047 shares of the company’s stock, valued at $176,665.06. The disclosure for this sale can be found here. Company insiders own 2.66% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. MetLife Investment Advisors LLC acquired a new stake in Red Robin in the fourth quarter worth about $331,000. Teachers Advisors LLC boosted its holdings in Red Robin by 859.8% during the fourth quarter. Teachers Advisors LLC now owns 224,657 shares of the restaurant operator’s stock worth $12,671,000 after buying an additional 201,251 shares during the last quarter. Stone Ridge Asset Management LLC bought a new position in Red Robin during the fourth quarter worth about $229,000. Deutsche Bank AG boosted its holdings in Red Robin by 52.2% during the fourth quarter. Deutsche Bank AG now owns 28,698 shares of the restaurant operator’s stock worth $1,617,000 after buying an additional 9,839 shares during the last quarter. Finally, AMP Capital Investors Ltd bought a new position in Red Robin during the fourth quarter worth about $287,000.
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Red Robin Company Profile
Red Robin Gourmet Burgers, Inc, together with its subsidiaries, develops, operates, and franchises full-service and casual-dining restaurants in the United States and Canada. As of December 31, 2017, it operated 480 company-owned restaurants located in 39 states and 2 Canadian provinces; and had 86 casual-dining restaurants operated by franchisees in 15 states.
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