Bleakley Financial Group LLC Acquires Shares of 121,739 Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB)

Bleakley Financial Group LLC acquired a new position in shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 121,739 shares of the restaurant operator's stock, valued at approximately $537,000. Bleakley Financial Group LLC owned 0.78% of Red Robin Gourmet Burgers at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Point72 DIFC Ltd acquired a new stake in shares of Red Robin Gourmet Burgers during the 2nd quarter valued at approximately $55,000. Cubist Systematic Strategies LLC acquired a new position in Red Robin Gourmet Burgers during the second quarter worth $598,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Red Robin Gourmet Burgers during the second quarter worth $172,000. Quarry LP acquired a new stake in Red Robin Gourmet Burgers in the second quarter valued at $25,000. Finally, Pacific Ridge Capital Partners LLC increased its position in shares of Red Robin Gourmet Burgers by 18.8% in the second quarter. Pacific Ridge Capital Partners LLC now owns 911,005 shares of the restaurant operator's stock valued at $6,896,000 after buying an additional 143,957 shares in the last quarter. Hedge funds and other institutional investors own 84.04% of the company's stock.

Analysts Set New Price Targets

RRGB has been the topic of several recent research reports. Lake Street Capital decreased their price objective on shares of 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. Craig Hallum reduced 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 report on Friday, August 23rd. Finally, Benchmark decreased their price objective on Red Robin Gourmet Burgers from $18.00 to $16.00 and set a "buy" rating on the stock in a research note on Tuesday, August 20th.

Red Robin Gourmet Burgers Stock Performance

NASDAQ RRGB traded down $0.48 during trading hours on Tuesday, hitting $6.04. 526,531 shares of the company's stock were exchanged, compared to its average volume of 445,951. The firm has a market capitalization of $95.13 million, a P/E ratio of -2.31 and a beta of 2.75. The business's 50 day moving average is $4.40 and its 200-day moving average is $5.97. Red Robin Gourmet Burgers, Inc. has a 12-month low of $2.97 and a 12-month high of $12.80.

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 for the quarter, missing the consensus estimate of ($0.41) by ($0.07). The firm had revenue of $300.15 million for the quarter, compared to analyst estimates of $295.57 million. During the same quarter in the prior year, the firm posted ($0.24) EPS. As a group, equities research analysts anticipate that Red Robin Gourmet Burgers, Inc. will post -2.37 EPS 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.