Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) CEO Gerard Johan Hart Sells 11,467 Shares

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB - Get Free Report) CEO Gerard Johan Hart sold 11,467 shares of the firm's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $4.39, for a total value of $50,340.13. Following the completion of the transaction, the chief executive officer now owns 575,270 shares in the company, valued at $2,525,435.30. This represents a 1.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 value of $53,506.62.

Red Robin Gourmet Burgers Price Performance

Shares of Red Robin Gourmet Burgers stock traded down $0.21 during trading hours on Friday, hitting $4.12. The company's stock had a trading volume of 354,278 shares, compared to its average volume of 441,984. The company has a market capitalization of $71.96 million, a PE ratio of -1.25 and a beta of 2.70. The stock has a 50 day moving average of $5.22 and a 200 day moving average of $5.13. Red Robin Gourmet Burgers, Inc. has a 12 month low of $2.97 and a 12 month high of $9.20.

Red Robin Gourmet Burgers (NASDAQ:RRGB - Get Free Report) last posted its 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 company had revenue of $285.23 million during the quarter, compared to analyst estimates of $285.20 million. During the same period last year, the firm posted ($0.66) earnings per share. Equities analysts expect that Red Robin Gourmet Burgers, Inc. will post -2.94 EPS for the current year.

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Institutional Investors Weigh In On Red Robin Gourmet Burgers

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Quantbot Technologies LP bought a new position in Red Robin Gourmet Burgers during the 3rd quarter worth about $34,000. R Squared Ltd bought a new position in shares of Red Robin Gourmet Burgers during the fourth quarter worth about $52,000. Wolverine Trading LLC acquired a new stake in Red Robin Gourmet Burgers in the 3rd quarter valued at approximately $55,000. Raymond James Financial Inc. bought a new stake in Red Robin Gourmet Burgers in the 4th quarter valued at approximately $63,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Red Robin Gourmet Burgers during the 4th quarter worth approximately $64,000. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have 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 target 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 report on Saturday, March 8th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to MarketBeat.com, Red Robin Gourmet Burgers presently has a consensus rating of "Moderate Buy" and a consensus target price of $13.38.

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.