Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB - Get Free Report) CEO Gerard Johan Hart sold 11,997 shares of the company's 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 approximately $2,616,847.02. This trade represents a 2.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Gerard Johan Hart also recently made the following trade(s):
- 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 value of $50,340.13.
Red Robin Gourmet Burgers Stock Down 4.8 %
Shares of RRGB stock traded down $0.21 during mid-day trading on Friday, reaching $4.12. The stock had a trading volume of 354,278 shares, compared to its average volume of 441,984. Red Robin Gourmet Burgers, Inc. has a one year low of $2.97 and a one year high of $9.20. The firm has a market cap of $71.96 million, a PE ratio of -1.25 and a beta of 2.70. The firm's 50 day simple moving average is $5.22 and its 200 day simple moving average is $5.13.
Red Robin Gourmet Burgers (NASDAQ:RRGB - Get Free Report) last issued its earnings results on Wednesday, February 26th. The restaurant operator reported ($0.94) EPS for the quarter, missing the consensus estimate of ($0.50) by ($0.44). The company had revenue of $285.23 million during the quarter, compared to analysts' expectations of $285.20 million. During the same period in the prior year, the business posted ($0.66) earnings per share. Sell-side analysts forecast that Red Robin Gourmet Burgers, Inc. will post -2.94 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
RRGB has been the subject of a number of research analyst reports. StockNews.com lowered Red Robin Gourmet Burgers from a "hold" rating to a "sell" rating in a 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 price target for the company in a report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to MarketBeat.com, Red Robin Gourmet Burgers presently has a consensus rating of "Moderate Buy" and an average target price of $13.38.
Read Our Latest Stock Analysis on RRGB
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the stock. Quantbot Technologies LP bought a new stake in Red Robin Gourmet Burgers during the 3rd quarter worth about $34,000. Verition Fund Management LLC acquired a new position in shares of Red Robin Gourmet Burgers during the third quarter worth approximately $1,082,000. PDT Partners LLC grew its stake in shares of 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 during the last quarter. Wolverine Trading LLC acquired a new position in Red Robin Gourmet Burgers during the 3rd quarter worth $55,000. Finally, XTX Topco Ltd boosted its position in Red Robin Gourmet Burgers by 139.9% in the 3rd quarter. XTX Topco Ltd now owns 79,246 shares of the restaurant operator's stock valued at $349,000 after buying an additional 46,219 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors and hedge funds.
About Red Robin Gourmet Burgers
(
Get Free Report)
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.
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