Gerard Johan Hart Sells 10,418 Shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) Stock

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB - Get Free Report) CEO Gerard Johan Hart sold 10,418 shares of the firm's stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $4.16, for a total transaction of $43,338.88. Following the completion of the transaction, the chief executive officer now owns 564,852 shares of the company's stock, valued at $2,349,784.32. This trade represents a 1.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Gerard Johan Hart also recently made the following trade(s):

• On Monday, March 24th, Gerard Johan Hart sold 8,627 shares of Red Robin Gourmet Burgers stock. The shares were sold at an average price of $4.16, for a total transaction of $35,888.32.
• On Monday, March 17th, Gerard Johan Hart sold 11,467 shares of Red Robin Gourmet Burgers stock. The stock was sold at an average price of $4.39, for a total transaction of $50,340.13.
• On Friday, March 14th, Gerard Johan Hart sold 11,997 shares of Red Robin Gourmet Burgers stock. The stock was sold at an average price of $4.46, for a total value of $53,506.62.

Red Robin Gourmet Burgers Price Performance

NASDAQ RRGB traded down $0.23 during trading hours on Friday, reaching $3.65. 273,573 shares of the stock traded hands, compared to its average volume of 437,722. The stock has a 50 day simple moving average of $5.06 and a two-hundred day simple moving average of $5.16. Red Robin Gourmet Burgers, Inc. has a 1 year low of $2.97 and a 1 year high of $9.20. The company has a market cap of $63.75 million, a price-to-earnings ratio of -1.11 and a beta of 2.70.

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Red Robin Gourmet Burgers (NASDAQ:RRGB - Get Free Report) last issued its earnings results on Wednesday, February 26th. The restaurant operator reported ($0.94) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.50) by ($0.44). The business had revenue of $285.23 million during the quarter, compared to analyst estimates of $285.20 million. During the same period in the prior year, the company posted ($0.66) earnings per share. On average, sell-side analysts forecast that Red Robin Gourmet Burgers, Inc. will post -2.94 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on RRGB shares. StockNews.com downgraded Red Robin Gourmet Burgers from a "hold" rating to a "sell" rating in a research report on Saturday, March 8th. CL King raised shares of Red Robin Gourmet Burgers from a "neutral" rating to a "buy" rating and set a $10.00 target price on the stock in a research note on Thursday, February 27th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $13.38.

Hedge Funds Weigh In On Red Robin Gourmet Burgers

Large investors have recently added to or reduced their stakes in the business. Quantbot Technologies LP bought a new position in shares of Red Robin Gourmet Burgers during the third quarter valued at about $34,000. R Squared Ltd bought a new position in Red Robin Gourmet Burgers during the 4th quarter worth approximately $52,000. Wolverine Trading LLC purchased a new position in Red Robin Gourmet Burgers in the 3rd quarter worth approximately $55,000. Raymond James Financial Inc. bought a new stake in Red Robin Gourmet Burgers in the fourth quarter valued at approximately $63,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Red Robin Gourmet Burgers during the fourth quarter valued at approximately $64,000. Hedge funds and other institutional investors own 84.04% 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.