Gerard Johan Hart Sells 10,418 Shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) Stock

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) CEO Gerard Johan Hart sold 10,418 shares of the company’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $4.16, for a total transaction of $43,338.88. Following the transaction, the chief executive officer now owns 564,852 shares of the company’s stock, valued at $2,349,784.32. This represents a 1.81 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Gerard Johan Hart also recently made the following trade(s):

• On Monday, March 24th, Gerard Johan Hart sold 8,627 shares of Red Robin Gourmet Burgers stock. The shares were sold at an average price of $4.16, for a total transaction of $35,888.32.
• On Monday, March 17th, Gerard Johan Hart sold 11,467 shares of Red Robin Gourmet Burgers stock. The shares were sold at an average price of $4.39, for a total value of $50,340.13.
• On Friday, March 14th, Gerard Johan Hart sold 11,997 shares of Red Robin Gourmet Burgers stock. The stock was sold at an average price of $4.46, for a total value of $53,506.62.

Red Robin Gourmet Burgers Stock Down 3.4 %

Shares of RRGB stock opened at $3.97 on Thursday. The stock has a 50-day simple moving average of $5.13 and a 200 day simple moving average of $5.15. The stock has a market capitalization of $69.34 million, a P/E ratio of -1.21 and a beta of 2.70. Red Robin Gourmet Burgers, Inc. has a fifty-two week low of $2.97 and a fifty-two week high of $9.20.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last posted its quarterly earnings data on Wednesday, February 26th. The restaurant operator reported ($0.94) earnings per share for the quarter, missing the consensus estimate of ($0.50) by ($0.44). The firm had revenue of $285.23 million for the quarter, compared to the consensus estimate of $285.20 million. During the same period last year, the business posted ($0.66) EPS. On average, sell-side analysts anticipate that Red Robin Gourmet Burgers, Inc. will post -2.94 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in RRGB. Bridgeway Capital Management LLC lifted its position in shares of Red Robin Gourmet Burgers by 3.8% during the 4th quarter. Bridgeway Capital Management LLC now owns 65,500 shares of the restaurant operator’s stock valued at $360,000 after acquiring an additional 2,400 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Red Robin Gourmet Burgers by 2.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 98,793 shares of the restaurant operator’s stock valued at $542,000 after purchasing an additional 2,730 shares during the last quarter. Northern Trust Corp boosted its position in shares of Red Robin Gourmet Burgers by 11.9% in the 4th quarter. Northern Trust Corp now owns 32,258 shares of the restaurant operator’s stock valued at $177,000 after purchasing an additional 3,427 shares during the period. Geode Capital Management LLC increased its stake in Red Robin Gourmet Burgers by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 198,525 shares of the restaurant operator’s stock worth $1,090,000 after purchasing an additional 4,209 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Red Robin Gourmet Burgers during the 3rd quarter worth about $34,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. StockNews.com lowered Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a research report on Saturday, March 8th. CL King raised shares of Red Robin Gourmet Burgers from a “neutral” rating to a “buy” rating and set a $10.00 price objective for the company in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Red Robin Gourmet Burgers currently has an average rating of “Moderate Buy” and an average target price of $13.38.

Red Robin Gourmet Burgers Company Profile

Red Robin Gourmet Burgers, Inc, together with its subsidiaries, develops, operates, and franchises casual-dining restaurants, in North America and one Canadian province. Its restaurants primarily offer burgers and pizza, appetizers, salads, soups, other entrees, desserts, wings, milkshakes, alcoholic and non-alcoholic specialty drinks, cocktails, wine, and beers.