American Century Companies Inc. Sells 522,726 Shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB)

American Century Companies Inc. cut its holdings in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB - Free Report) by 66.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 264,756 shares of the restaurant operator's stock after selling 522,726 shares during the quarter. American Century Companies Inc. owned about 1.69% of Red Robin Gourmet Burgers worth $2,004,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of RRGB. Headlands Technologies LLC acquired a new stake in Red Robin Gourmet Burgers during the 1st quarter worth $25,000. PNC Financial Services Group Inc. grew its stake in shares of Red Robin Gourmet Burgers by 57.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,791 shares of the restaurant operator's stock worth $85,000 after acquiring an additional 2,491 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Red Robin Gourmet Burgers during the 1st quarter worth approximately $149,000. Quadrature Capital Ltd acquired a new stake in shares of Red Robin Gourmet Burgers in the first quarter valued at approximately $166,000. Finally, BNP Paribas Financial Markets lifted its position in shares of Red Robin Gourmet Burgers by 48.0% in the first quarter. BNP Paribas Financial Markets now owns 37,259 shares of the restaurant operator's stock worth $285,000 after purchasing an additional 12,082 shares in the last quarter. Institutional investors and hedge funds own 84.04% of the company's stock.

Analysts Set New Price Targets

RRGB has been the topic of several recent research reports. Craig Hallum lowered their price target on shares of Red Robin Gourmet Burgers from $15.00 to $11.50 and set a "buy" rating on the stock in a research note on Friday, August 23rd. Lake Street Capital lowered their target price on Red Robin Gourmet Burgers from $17.00 to $16.00 and set a "buy" rating on the stock in a research report on Friday, August 23rd. Finally, Benchmark dropped their target price on Red Robin Gourmet Burgers from $18.00 to $16.00 and set a "buy" rating on the stock in a report on Tuesday, August 20th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $13.13.

Red Robin Gourmet Burgers Stock Down 3.7 %

Shares of RRGB stock traded down $0.17 on Friday, reaching $4.39. The stock had a trading volume of 206,260 shares, compared to its average volume of 680,353. Red Robin Gourmet Burgers, Inc. has a 12 month low of $2.97 and a 12 month high of $12.80. The firm has a market capitalization of $69.14 million, a price-to-earnings ratio of -2.49 and a beta of 2.74. The firm's 50-day moving average is $4.49 and its two-hundred day moving average is $6.16.

Red Robin Gourmet Burgers (NASDAQ:RRGB - Get Free Report) last issued its earnings results on Thursday, August 22nd. The restaurant operator reported ($0.48) EPS for the quarter, missing the consensus estimate of ($0.41) by ($0.07). The firm had revenue of $300.15 million during the quarter, compared to the consensus estimate of $295.57 million. During the same period in the prior year, the company earned ($0.24) EPS. On average, sell-side analysts forecast that Red Robin Gourmet Burgers, Inc. will post -2.37 earnings per share for the current fiscal year.

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.