JCP Investment Management LLC Grows Stock Holdings in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB)

JCP Investment Management LLC increased its stake in shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) by 281.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,860,668 shares of the restaurant operator’s stock after buying an additional 1,373,077 shares during the quarter. Red Robin Gourmet Burgers accounts for about 6.0% of JCP Investment Management LLC’s investment portfolio, making the stock its 10th largest position. JCP Investment Management LLC owned 10.70% of Red Robin Gourmet Burgers worth $10,215,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of RRGB. R Squared Ltd acquired a new position in shares of Red Robin Gourmet Burgers during the fourth quarter worth approximately $52,000. Raymond James Financial Inc. bought a new position in Red Robin Gourmet Burgers in the 4th quarter worth approximately $63,000. Barclays PLC lifted its holdings in Red Robin Gourmet Burgers by 489.6% during the 4th quarter. Barclays PLC now owns 12,270 shares of the restaurant operator’s stock worth $67,000 after buying an additional 10,189 shares in the last quarter. Northern Trust Corp boosted its position in Red Robin Gourmet Burgers by 11.9% in the 4th quarter. Northern Trust Corp now owns 32,258 shares of the restaurant operator’s stock valued at $177,000 after buying an additional 3,427 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Red Robin Gourmet Burgers in the 4th quarter valued at $181,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports 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 on the stock in a research note on Thursday, February 27th. StockNews.com lowered shares of Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a research note on Saturday, March 8th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $13.38.

Red Robin Gourmet Burgers Trading Down 0.7 %

NASDAQ RRGB opened at $2.78 on Friday. Red Robin Gourmet Burgers, Inc. has a 12 month low of $2.50 and a 12 month high of $9.20. The stock has a 50-day simple moving average of $3.43 and a 200 day simple moving average of $4.76. The company has a market capitalization of $48.99 million, a PE ratio of -0.84 and a beta of 2.11.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last announced its quarterly earnings results on Wednesday, February 26th. The restaurant operator reported ($0.94) EPS for the quarter, missing analysts’ consensus estimates of ($0.50) by ($0.44). The firm had revenue of $285.23 million during the quarter, compared to the consensus estimate of $285.20 million. During the same period in the previous year, the business posted ($0.66) earnings per share. As a group, sell-side analysts predict that Red Robin Gourmet Burgers, Inc. will post -2.94 earnings per share for the current fiscal year.

Insider Transactions at Red Robin Gourmet Burgers

In other Red Robin Gourmet Burgers news, CEO Gerard Johan Hart sold 11,997 shares of Red Robin Gourmet Burgers stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $4.46, for a total transaction of $53,506.62. Following the transaction, the chief executive officer now directly owns 586,737 shares in the company, valued at approximately $2,616,847.02. The trade was a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 52,759 shares of company stock valued at $227,353 over the last three months. 3.19% of the stock is currently owned by corporate insiders.

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.