Virginia Retirement Systems ET AL Has $858,000 Position in Red Robin Gourmet Burgers, Inc. (RRGB)

Virginia Retirement Systems ET AL increased its position in shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) by 11.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,800 shares of the restaurant operator’s stock after acquiring an additional 1,300 shares during the period. Virginia Retirement Systems ET AL owned about 0.10% of Red Robin Gourmet Burgers worth $858,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Daruma Capital Management LLC boosted its position in Red Robin Gourmet Burgers by 225.6% in the second quarter. Daruma Capital Management LLC now owns 856,225 shares of the restaurant operator’s stock valued at $55,869,000 after buying an additional 593,278 shares in the last quarter. Monarch Partners Asset Management LLC boosted its position in Red Robin Gourmet Burgers by 200.1% in the second quarter. Monarch Partners Asset Management LLC now owns 242,662 shares of the restaurant operator’s stock valued at $15,834,000 after buying an additional 161,802 shares in the last quarter. 1060 Capital LLC acquired a new stake in Red Robin Gourmet Burgers in the third quarter valued at approximately $10,078,000. Falcon Point Capital LLC acquired a new stake in Red Robin Gourmet Burgers in the second quarter valued at approximately $9,414,000. Finally, Castleark Management LLC acquired a new stake in Red Robin Gourmet Burgers in the second quarter valued at approximately $7,376,000.

A number of analysts have weighed in on the stock. Jefferies Group cut their target price on shares of Red Robin Gourmet Burgers from $61.00 to $58.00 and set a “hold” rating on the stock in a research report on Tuesday, November 7th. Raymond James Financial lowered shares of Red Robin Gourmet Burgers from a “strong-buy” rating to an “outperform” rating and cut their target price for the company from $77.50 to $65.00 in a research report on Tuesday, November 7th. Stifel Nicolaus cut their target price on shares of Red Robin Gourmet Burgers from $62.00 to $58.00 and set a “hold” rating on the stock in a research report on Tuesday, November 7th. Maxim Group lowered shares of Red Robin Gourmet Burgers from a “buy” rating to a “hold” rating and cut their target price for the company from $75.00 to $60.00 in a research report on Tuesday, November 7th. Finally, BTIG Research cut their target price on shares of Red Robin Gourmet Burgers from $70.00 to $63.00 and set a “buy” rating on the stock in a research report on Tuesday, November 7th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. Red Robin Gourmet Burgers currently has an average rating of “Hold” and an average target price of $69.00.

In other Red Robin Gourmet Burgers news, COO Carin Stutz purchased 715 shares of the company’s stock in a transaction dated Tuesday, November 14th. The stock was purchased at an average price of $49.15 per share, with a total value of $35,142.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.66% of the stock is currently owned by company insiders.

Red Robin Gourmet Burgers, Inc. (NASDAQ RRGB) opened at $52.55 on Friday. The stock has a market cap of $654.56, a price-to-earnings ratio of 24.56, a PEG ratio of 2.17 and a beta of 0.56. Red Robin Gourmet Burgers, Inc. has a 52 week low of $45.20 and a 52 week high of $74.11. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.37 and a current ratio of 0.56.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last released its quarterly earnings results on Monday, November 6th. The restaurant operator reported $0.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.09). The business had revenue of $304.20 million for the quarter, compared to the consensus estimate of $308.44 million. Red Robin Gourmet Burgers had a net margin of 0.94% and a return on equity of 7.32%. Red Robin Gourmet Burgers’s revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.38 EPS. sell-side analysts forecast that Red Robin Gourmet Burgers, Inc. will post 2.26 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Virginia Retirement Systems ET AL Has $858,000 Position in Red Robin Gourmet Burgers, Inc. (RRGB)” was originally reported by Transcript Daily and is the property of of Transcript Daily. If you are reading this story on another site, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The correct version of this story can be viewed at https://transcriptdaily.com/2017/12/09/virginia-retirement-systems-et-al-has-858000-position-in-red-robin-gourmet-burgers-inc-rrgb.html.

Red Robin Gourmet Burgers Company Profile

Red Robin Gourmet Burgers, Inc, together with its subsidiaries, primarily develops, operates, and franchises full-service restaurants in North America and focuses on serving selection of gourmet burgers. The Company’s menu features a line of gourmet burgers, which it makes from ground beef, as well as its line of Red’s Tavern Double Burgers and its Red Robin’s line of half-pound Angus beef burgers with various toppings.

Want to see what other hedge funds are holding RRGB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB).

Institutional Ownership by Quarter for Red Robin Gourmet Burgers (NASDAQ:RRGB)

Receive News & Ratings for Red Robin Gourmet Burgers Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Red Robin Gourmet Burgers Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply