Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) shares saw unusually-high trading volume on Friday . Approximately 1,567,774 shares traded hands during mid-day trading, an increase of 325% from the previous session’s volume of 369,282 shares.The stock last traded at $34.30 and had previously closed at $30.60.

RRGB has been the subject of several recent research reports. Raymond James reissued a “buy” rating on shares of Teck Resources in a research report on Thursday, April 4th. Morgan Stanley dropped their price objective on shares of Zuora from $22.00 to $16.00 and set an “equal weight” rating for the company in a research report on Friday, May 31st. Zacks Investment Research lowered shares of HANNOVER RUECK/S from a “hold” rating to a “sell” rating in a research report on Monday, April 22nd. TheStreet lowered shares of Urban Outfitters from a “b-” rating to a “c+” rating in a research report on Thursday, May 30th. Finally, ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company. Red Robin Gourmet Burgers currently has a consensus rating of “Hold” and a consensus target price of $42.70.

The business’s fifty day simple moving average is $29.71. The stock has a market capitalization of $392.10 million, a price-to-earnings ratio of 19.83, a price-to-earnings-growth ratio of 2.50 and a beta of 1.15. The company has a debt-to-equity ratio of 1.90, a current ratio of 0.44 and a quick ratio of 0.30.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last released its quarterly earnings results on Thursday, May 30th. The restaurant operator reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.29). The firm had revenue of $409.87 million for the quarter, compared to analyst estimates of $408.98 million. Red Robin Gourmet Burgers had a negative net margin of 0.77% and a positive return on equity of 4.14%. Red Robin Gourmet Burgers’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.69 earnings per share. As a group, sell-side analysts expect that Red Robin Gourmet Burgers, Inc. will post 1.25 EPS for the current year.

In other news, Director Glenn B. Kaufman purchased 1,000 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was acquired at an average cost of $26.50 per share, with a total value of $26,500.00. Following the acquisition, the director now owns 29,733 shares in the company, valued at $787,924.50. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Vintage Capital Management Llc purchased 203,336 shares of the stock in a transaction that occurred on Friday, May 31st. The shares were purchased at an average cost of $25.97 per share, with a total value of $5,280,635.92. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 206,336 shares of company stock valued at $5,359,136. Company insiders own 2.08% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in Red Robin Gourmet Burgers by 2.7% during the 4th quarter. BlackRock Inc. now owns 1,902,567 shares of the restaurant operator’s stock valued at $50,837,000 after purchasing an additional 50,492 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Red Robin Gourmet Burgers by 0.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,101,985 shares of the restaurant operator’s stock valued at $29,445,000 after acquiring an additional 5,459 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in Red Robin Gourmet Burgers by 43,766.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 452,705 shares of the restaurant operator’s stock valued at $13,042,000 after acquiring an additional 451,673 shares during the last quarter. American Century Companies Inc. boosted its stake in Red Robin Gourmet Burgers by 7.2% during the 4th quarter. American Century Companies Inc. now owns 442,914 shares of the restaurant operator’s stock valued at $11,835,000 after acquiring an additional 29,733 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in Red Robin Gourmet Burgers by 95.0% during the 4th quarter. Millennium Management LLC now owns 354,946 shares of the restaurant operator’s stock valued at $9,484,000 after acquiring an additional 172,969 shares during the last quarter.

About Red Robin Gourmet Burgers (NASDAQ:RRGB)

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. The company's restaurants primarily offer burgers; various appetizers, salads, soups, seafood, and other entrees; and desserts, milkshakes, alcoholic and non-alcoholic specialty drinks, cocktails, wine, and beers.

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