Acuitas Investments LLC Decreases Position in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB)

Acuitas Investments LLC lessened its position in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB - Free Report) by 12.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 560,006 shares of the restaurant operator's stock after selling 76,342 shares during the period. Red Robin Gourmet Burgers comprises 2.6% of Acuitas Investments LLC's portfolio, making the stock its 14th largest holding. Acuitas Investments LLC owned approximately 3.22% of Red Robin Gourmet Burgers worth $3,074,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Quantbot Technologies LP purchased a new stake in Red Robin Gourmet Burgers in the 3rd quarter valued at about $34,000. R Squared Ltd acquired a new stake in shares of Red Robin Gourmet Burgers in the fourth quarter worth approximately $52,000. Wolverine Trading LLC purchased a new stake in Red Robin Gourmet Burgers in the third quarter valued at approximately $55,000. XTX Topco Ltd raised its stake in 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 during the period. Finally, Bleakley Financial Group LLC acquired a new position in shares of Red Robin Gourmet Burgers in the 3rd quarter valued at $537,000. Hedge funds and other institutional investors own 84.04% of the company's stock.

Insider Buying and Selling at Red Robin Gourmet Burgers

In other Red Robin Gourmet Burgers news, insider Jumana Capital Investments Llc purchased 800,454 shares of the business's stock in a transaction that occurred on Tuesday, December 3rd. The shares were purchased at an average price of $5.19 per share, for a total transaction of $4,154,356.26. Following the completion of the acquisition, the insider now owns 1,614,906 shares of the company's stock, valued at approximately $8,381,362.14. This represents a 98.28 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.19% of the stock is owned by company insiders.

Red Robin Gourmet Burgers Stock Up 1.2 %

Shares of NASDAQ RRGB traded up $0.06 during trading on Friday, hitting $4.89. 230,660 shares of the company traded hands, compared to its average volume of 288,993. The firm has a market capitalization of $85.04 million, a P/E ratio of -1.49 and a beta of 2.65. The company has a 50-day moving average price of $5.51 and a 200-day moving average price of $5.11. Red Robin Gourmet Burgers, Inc. has a 1 year low of $2.97 and a 1 year high of $9.34.

Red Robin Gourmet Burgers 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.