Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) Position Boosted by GSA Capital Partners LLP

GSA Capital Partners LLP lifted its holdings in shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB - Free Report) by 482.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 634,961 shares of the restaurant operator's stock after purchasing an additional 526,016 shares during the quarter. GSA Capital Partners LLP owned about 4.03% of Red Robin Gourmet Burgers worth $2,800,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Victory Capital Management Inc. boosted its holdings in shares of Red Robin Gourmet Burgers by 1.9% during the second quarter. Victory Capital Management Inc. now owns 110,850 shares of the restaurant operator's stock worth $839,000 after purchasing an additional 2,078 shares during the last quarter. Headlands Technologies LLC purchased a new stake in Red Robin Gourmet Burgers during the first quarter valued at about $25,000. Quarry LP purchased a new stake in Red Robin Gourmet Burgers during the second quarter valued at about $25,000. Point72 DIFC Ltd purchased a new stake in Red Robin Gourmet Burgers during the second quarter valued at about $55,000. Finally, BNP Paribas Financial Markets grew its position in Red Robin Gourmet Burgers by 48.0% during the first quarter. BNP Paribas Financial Markets now owns 37,259 shares of the restaurant operator's stock valued at $285,000 after acquiring an additional 12,082 shares during the period. Institutional investors and hedge funds own 84.04% of the company's stock.

Red Robin Gourmet Burgers Stock Performance

Shares of NASDAQ:RRGB traded up $0.12 during trading on Tuesday, hitting $5.15. The company's stock had a trading volume of 331,258 shares, compared to its average volume of 439,589. Red Robin Gourmet Burgers, Inc. has a fifty-two week low of $2.97 and a fifty-two week high of $12.80. The stock's 50-day moving average price is $4.82 and its two-hundred day moving average price is $5.91. The company has a market capitalization of $81.25 million, a PE ratio of -1.53 and a beta of 2.71.

Red Robin Gourmet Burgers (NASDAQ:RRGB - Get Free Report) last announced its quarterly earnings data on Thursday, August 22nd. The restaurant operator reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.41) by ($0.07). The business had revenue of $300.15 million during the quarter, compared to analysts' expectations of $295.57 million. During the same quarter in the prior year, the firm earned ($0.24) EPS. On average, equities analysts predict that Red Robin Gourmet Burgers, Inc. will post -2.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Craig Hallum lowered their price target on Red Robin Gourmet Burgers from $15.00 to $11.50 and set a "buy" rating for the company in a research report on Friday, August 23rd. Benchmark lowered their price target on Red Robin Gourmet Burgers from $18.00 to $16.00 and set a "buy" rating for the company in a research report on Tuesday, August 20th. Finally, Lake Street Capital decreased their target price on Red Robin Gourmet Burgers from $17.00 to $16.00 and set a "buy" rating for the company in a research report on Friday, August 23rd.

Insider Buying and Selling at Red Robin Gourmet Burgers

In related news, insider Jumana Capital Investments Llc purchased 45,000 shares of the company's stock in a transaction dated Thursday, November 7th. The shares were acquired at an average cost of $5.18 per share, for a total transaction of $233,100.00. Following the transaction, the insider now owns 814,452 shares of the company's stock, valued at $4,218,861.36. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have bought 46,143 shares of company stock worth $239,589 over the last quarter. 3.19% of the stock is owned by corporate insiders.

About Red Robin Gourmet Burgers

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.