Marshall Wace LLP Raises Stock Holdings in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB)

Marshall Wace LLP boosted its stake in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB - Free Report) by 188.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 368,541 shares of the restaurant operator's stock after purchasing an additional 240,954 shares during the period. Marshall Wace LLP owned about 2.35% of Red Robin Gourmet Burgers worth $2,790,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RRGB. First Eagle Investment Management LLC lifted its holdings in Red Robin Gourmet Burgers by 2.0% in the second quarter. First Eagle Investment Management LLC now owns 1,006,937 shares of the restaurant operator's stock valued at $7,623,000 after buying an additional 20,100 shares during the period. Pacific Ridge Capital Partners LLC boosted its position in shares of Red Robin Gourmet Burgers by 20.3% during the 1st quarter. Pacific Ridge Capital Partners LLC now owns 767,048 shares of the restaurant operator's stock valued at $5,876,000 after purchasing an additional 129,460 shares in the last quarter. Acuitas Investments LLC grew its stake in Red Robin Gourmet Burgers by 9.0% during the second quarter. Acuitas Investments LLC now owns 610,193 shares of the restaurant operator's stock worth $4,619,000 after purchasing an additional 50,172 shares during the period. Fund 1 Investments LLC increased its holdings in Red Robin Gourmet Burgers by 253.0% in the fourth quarter. Fund 1 Investments LLC now owns 304,429 shares of the restaurant operator's stock worth $3,796,000 after purchasing an additional 218,187 shares in the last quarter. Finally, Western Standard LLC acquired a new position in Red Robin Gourmet Burgers in the first quarter valued at approximately $2,156,000. 84.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Craig Hallum decreased their target price 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 decreased their price objective on Red Robin Gourmet Burgers from $18.00 to $16.00 and set a "buy" rating for the company in a report on Tuesday, August 20th. Finally, Lake Street Capital cut their target price on Red Robin Gourmet Burgers from $17.00 to $16.00 and set a "buy" rating on the stock in a report on Friday, August 23rd.

Red Robin Gourmet Burgers Stock Up 3.1 %

Red Robin Gourmet Burgers stock traded up $0.14 during mid-day trading on Friday, reaching $4.69. 348,498 shares of the company's stock were exchanged, compared to its average volume of 434,738. The business's fifty day simple moving average is $4.38 and its 200 day simple moving average is $6.10. Red Robin Gourmet Burgers, Inc. has a one year low of $2.97 and a one year high of $12.80. The firm has a market capitalization of $73.56 million, a PE ratio of -2.76 and a beta of 2.75.

Red Robin Gourmet Burgers (NASDAQ:RRGB - Get Free Report) last posted its quarterly earnings results on Thursday, August 22nd. The restaurant operator reported ($0.48) earnings per share for the quarter, missing the consensus estimate of ($0.41) by ($0.07). The company had revenue of $300.15 million for the quarter, compared to the consensus estimate of $295.57 million. During the same period in the prior year, the firm posted ($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 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.