Bandera Partners LLC Makes New $1.26 Million Investment in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB)

Bandera Partners LLC purchased a new position in shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 229,598 shares of the restaurant operator's stock, valued at approximately $1,260,000. Red Robin Gourmet Burgers accounts for about 0.5% of Bandera Partners LLC's investment portfolio, making the stock its 17th largest holding. Bandera Partners LLC owned about 1.32% of Red Robin Gourmet Burgers as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Pacific Ridge Capital Partners LLC lifted its holdings in Red Robin Gourmet Burgers by 8.7% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 1,069,632 shares of the restaurant operator's stock worth $5,872,000 after buying an additional 85,518 shares in the last quarter. Verition Fund Management LLC purchased a new stake in shares of Red Robin Gourmet Burgers during the third quarter worth $1,082,000. Geode Capital Management LLC increased its position in shares of Red Robin Gourmet Burgers by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 198,525 shares of the restaurant operator's stock worth $1,090,000 after acquiring an additional 4,209 shares during the period. PDT Partners LLC raised its stake in shares of Red Robin Gourmet Burgers by 159.5% in the third quarter. PDT Partners LLC now owns 151,360 shares of the restaurant operator's stock valued at $667,000 after acquiring an additional 93,040 shares in the last quarter. Finally, XTX Topco Ltd boosted its holdings in Red Robin Gourmet Burgers by 139.9% in the third quarter. XTX Topco Ltd now owns 79,246 shares of the restaurant operator's stock valued at $349,000 after purchasing an additional 46,219 shares during the period. Institutional investors and hedge funds own 84.04% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on RRGB. StockNews.com downgraded Red Robin Gourmet Burgers from a "hold" rating to a "sell" rating in a 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 target price on the stock in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $13.38.

Insider Activity

In other news, CEO Gerard Johan Hart sold 10,418 shares of the business's stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $4.16, for a total value of $43,338.88. Following the completion of the sale, the chief executive officer now directly owns 564,852 shares of the company's stock, valued at approximately $2,349,784.32. The trade was a 1.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders sold 52,759 shares of company stock worth $227,353. Corporate insiders own 3.19% of the company's stock.

Red Robin Gourmet Burgers Stock Performance

NASDAQ RRGB traded down $0.08 during trading on Friday, reaching $3.27. 178,543 shares of the company's stock were exchanged, compared to its average volume of 431,288. The company has a 50 day moving average price of $4.81 and a two-hundred day moving average price of $5.16. The stock has a market cap of $57.12 million, a P/E ratio of -0.99 and a beta of 2.70. Red Robin Gourmet Burgers, Inc. has a 1 year low of $2.97 and a 1 year high of $9.20.

Red Robin Gourmet Burgers (NASDAQ:RRGB - Get Free Report) last posted its earnings results 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 company had revenue of $285.23 million during the quarter, compared to analysts' expectations of $285.20 million. During the same period last year, the firm posted ($0.66) EPS. Research analysts forecast that Red Robin Gourmet Burgers, Inc. will post -2.94 EPS for the current fiscal year.

Red Robin Gourmet Burgers 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.