Pacific Ridge Capital Partners LLC Boosts Stake in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB)

Pacific Ridge Capital Partners LLC increased its position in shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB - Free Report) by 8.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,069,632 shares of the restaurant operator's stock after buying an additional 85,518 shares during the period. Red Robin Gourmet Burgers accounts for 1.3% of Pacific Ridge Capital Partners LLC's holdings, making the stock its 26th biggest position. Pacific Ridge Capital Partners LLC owned about 6.15% of Red Robin Gourmet Burgers worth $5,872,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Verition Fund Management LLC purchased a new stake in shares of Red Robin Gourmet Burgers in the third quarter valued at approximately $1,082,000. Geode Capital Management LLC raised its position in Red Robin Gourmet Burgers by 12.2% during the third quarter. Geode Capital Management LLC now owns 194,316 shares of the restaurant operator's stock worth $857,000 after acquiring an additional 21,062 shares during the period. PDT Partners LLC lifted its holdings in Red Robin Gourmet Burgers by 159.5% during the third quarter. PDT Partners LLC now owns 151,360 shares of the restaurant operator's stock valued at $667,000 after purchasing an additional 93,040 shares in the last quarter. XTX Topco Ltd increased its stake in shares of Red Robin Gourmet Burgers by 139.9% during the third quarter. XTX Topco Ltd now owns 79,246 shares of the restaurant operator's stock worth $349,000 after purchasing an additional 46,219 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its stake in Red Robin Gourmet Burgers by 101.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 71,032 shares of the restaurant operator's stock valued at $390,000 after buying an additional 35,767 shares in the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

Red Robin Gourmet Burgers Stock Performance

Shares of RRGB traded down $0.09 during midday trading on Monday, hitting $3.56. 53,734 shares of the stock were exchanged, compared to its average volume of 360,621. Red Robin Gourmet Burgers, Inc. has a 52-week low of $2.97 and a 52-week high of $9.20. The stock has a fifty day simple moving average of $5.06 and a 200 day simple moving average of $5.17. The firm has a market cap of $62.13 million, a P/E ratio of -1.08 and a beta of 2.70.

Red Robin Gourmet Burgers (NASDAQ:RRGB - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The restaurant operator reported ($0.94) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.50) by ($0.44). The business had revenue of $285.23 million for the quarter, compared to the consensus estimate of $285.20 million. During the same quarter in the previous year, the business earned ($0.66) EPS. As a group, equities research analysts forecast that Red Robin Gourmet Burgers, Inc. will post -2.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. CL King raised Red Robin Gourmet Burgers from a "neutral" rating to a "buy" rating and set a $10.00 price objective for the company in a research note on Thursday, February 27th. StockNews.com cut shares of Red Robin Gourmet Burgers from a "hold" rating to a "sell" rating in a research note on Saturday, March 8th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $13.38.

Insider Buying and Selling at Red Robin Gourmet Burgers

In other Red Robin Gourmet Burgers news, CEO Gerard Johan Hart sold 11,997 shares of the stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $4.46, for a total value of $53,506.62. Following the sale, the chief executive officer now owns 586,737 shares of the company's stock, valued at $2,616,847.02. This trade represents a 2.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold 52,759 shares of company stock valued at $227,353 in the last 90 days. Company insiders own 3.19% of the company's stock.

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.