Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) CEO Gerard Johan Hart Sells 11,997 Shares

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) CEO Gerard Johan Hart sold 11,997 shares of Red Robin Gourmet Burgers stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $4.46, for a total transaction of $53,506.62. Following the transaction, the chief executive officer now directly owns 586,737 shares in the company, valued at $2,616,847.02. This trade represents a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Monday, March 17th, Gerard Johan Hart sold 11,467 shares of Red Robin Gourmet Burgers stock. The stock was sold at an average price of $4.39, for a total transaction of $50,340.13.

Red Robin Gourmet Burgers Trading Down 4.3 %

NASDAQ RRGB opened at $4.26 on Wednesday. Red Robin Gourmet Burgers, Inc. has a 1-year low of $2.97 and a 1-year high of $9.20. The stock has a 50-day moving average of $5.28 and a 200-day moving average of $5.13. The firm has a market cap of $74.41 million, a PE ratio of -1.29 and a beta of 2.70.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last released its earnings results on Wednesday, February 26th. The restaurant operator reported ($0.94) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.50) by ($0.44). The firm had revenue of $285.23 million during the quarter, compared to the consensus estimate of $285.20 million. During the same period in the previous year, the business posted ($0.66) earnings per share. As a group, equities research analysts forecast that Red Robin Gourmet Burgers, Inc. will post -2.94 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. purchased a new position in Red Robin Gourmet Burgers during the 4th quarter valued at about $64,000. Millennium Management LLC increased its holdings in Red Robin Gourmet Burgers by 22.3% during the 4th quarter. Millennium Management LLC now owns 127,974 shares of the restaurant operator’s stock valued at $703,000 after purchasing an additional 23,358 shares during the period. JCP Investment Management LLC increased its holdings in Red Robin Gourmet Burgers by 281.6% during the 4th quarter. JCP Investment Management LLC now owns 1,860,668 shares of the restaurant operator’s stock valued at $10,215,000 after purchasing an additional 1,373,077 shares during the period. D. E. Shaw & Co. Inc. increased its holdings in Red Robin Gourmet Burgers by 112.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 394,471 shares of the restaurant operator’s stock valued at $2,166,000 after purchasing an additional 208,862 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new position in Red Robin Gourmet Burgers during the 4th quarter valued at about $181,000. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Analyst Upgrades and Downgrades

RRGB has been the subject of several recent research reports. CL King raised shares of Red Robin Gourmet Burgers from a “neutral” rating to a “buy” rating and set a $10.00 price target for the company in a research note on Thursday, February 27th. StockNews.com lowered Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a research note on Saturday, March 8th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus 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.