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.

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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.

A number of brokerages have recently weighed in on RRGB. BidaskClub upgraded Red Robin from a “buy” rating to a “strong-buy” rating in a research note on Friday. Morgan Stanley restated an “equal weight” rating and issued a $56.00 target price (down from $57.00) on shares of Red Robin in a research note on Monday, February 26th. Zacks Investment Research upgraded Red Robin from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a research note on Wednesday, January 31st. Finally, Jefferies Group upgraded Red Robin from a “hold” rating to a “buy” rating and raised their target price for the company from $58.00 to $63.00 in a research note on Saturday, December 30th. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Red Robin currently has a consensus rating of “Buy” and a consensus price target of $66.73.

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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