Insider Selling: Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) CEO Sells 8,627 Shares of Stock

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB - Get Free Report) CEO Gerard Johan Hart sold 8,627 shares of Red Robin Gourmet Burgers stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $4.16, for a total value of $35,888.32. Following the completion of the sale, the chief executive officer now owns 556,225 shares of the company's stock, valued at $2,313,896. The trade was a 1.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, March 21st, Gerard Johan Hart sold 10,418 shares of Red Robin Gourmet Burgers stock. The stock was sold at an average price of $4.16, for a total transaction of $43,338.88.
• On Monday, March 17th, Gerard Johan Hart sold 11,467 shares of Red Robin Gourmet Burgers stock. The shares were 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 shares were sold at an average price of $4.46, for a total transaction of $53,506.62.

Red Robin Gourmet Burgers Stock Down 5.9 %

Shares of Red Robin Gourmet Burgers stock traded down $0.23 during midday trading on Friday, hitting $3.65. The company had a trading volume of 273,573 shares, compared to its average volume of 437,722. The company has a fifty day simple moving average of $5.06 and a 200 day simple moving average of $5.16. The stock has a market cap of $63.75 million, a price-to-earnings ratio of -1.11 and a beta of 2.70. Red Robin Gourmet Burgers, Inc. has a 12-month low of $2.97 and a 12-month high of $9.20.

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Red Robin Gourmet Burgers (NASDAQ:RRGB - Get Free Report) last posted 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 analyst estimates of $285.20 million. During the same period in the prior year, the company posted ($0.66) earnings per share. As a group, analysts expect that Red Robin Gourmet Burgers, Inc. will post -2.94 EPS for the current year.

Analyst Ratings Changes

Several research firms have issued reports on RRGB. StockNews.com lowered Red Robin Gourmet Burgers from a "hold" rating to a "sell" rating in a research note 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 for the company in a research report on Thursday, February 27th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $13.38.

Hedge Funds Weigh In On Red Robin Gourmet Burgers

A number of institutional investors have recently bought and sold shares of RRGB. Quantbot Technologies LP purchased a new stake in shares of Red Robin Gourmet Burgers in the 3rd quarter valued at $34,000. R Squared Ltd acquired a new stake in Red Robin Gourmet Burgers during the fourth quarter worth about $52,000. Raymond James Financial Inc. purchased a new position in Red Robin Gourmet Burgers during the fourth quarter valued at approximately $63,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Red Robin Gourmet Burgers in the fourth quarter valued at approximately $64,000. Finally, Barclays PLC boosted its position in Red Robin Gourmet Burgers by 489.6% in the 4th quarter. Barclays PLC now owns 12,270 shares of the restaurant operator's stock worth $67,000 after purchasing an additional 10,189 shares in the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

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.