Point72 Asia Singapore Pte. Ltd. Invests $64,000 in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB)

Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 11,731 shares of the restaurant operator’s stock, valued at approximately $64,000. Point72 Asia Singapore Pte. Ltd. owned about 0.07% of Red Robin Gourmet Burgers as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Millennium Management LLC raised its position in shares of Red Robin Gourmet Burgers by 22.3% in the 4th quarter. Millennium Management LLC now owns 127,974 shares of the restaurant operator’s stock worth $703,000 after acquiring an additional 23,358 shares in the last quarter. JCP Investment Management LLC grew its stake in Red Robin Gourmet Burgers by 281.6% during the fourth quarter. JCP Investment Management LLC now owns 1,860,668 shares of the restaurant operator’s stock worth $10,215,000 after purchasing an additional 1,373,077 shares during the period. D. E. Shaw & Co. Inc. increased its holdings in Red Robin Gourmet Burgers by 112.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 394,471 shares of the restaurant operator’s stock worth $2,166,000 after purchasing an additional 208,862 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in Red Robin Gourmet Burgers in the fourth quarter valued at approximately $181,000. Finally, Bridgeway Capital Management LLC lifted its stake in Red Robin Gourmet Burgers by 3.8% in the fourth quarter. Bridgeway Capital Management LLC now owns 65,500 shares of the restaurant operator’s stock valued at $360,000 after buying an additional 2,400 shares during the period. Institutional investors and hedge funds own 84.04% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on RRGB. 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. CL King raised shares of Red Robin Gourmet Burgers from a “neutral” rating to a “buy” rating and set a $10.00 price objective on the stock in a research report on Thursday, February 27th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $13.38.

Red Robin Gourmet Burgers Stock Up 2.8%

Shares of NASDAQ:RRGB opened at $3.28 on Monday. Red Robin Gourmet Burgers, Inc. has a twelve month low of $2.50 and a twelve month high of $9.20. The stock’s 50 day moving average is $3.28 and its 200-day moving average is $4.65. The firm has a market capitalization of $57.80 million, a price-to-earnings ratio of -1.00 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 business had revenue of $285.23 million for the quarter, compared to analyst estimates of $285.20 million. During the same period in the previous year, the business earned ($0.66) EPS. Equities research analysts anticipate that Red Robin Gourmet Burgers, Inc. will post -2.94 earnings per share for the current fiscal year.

Insider Activity at Red Robin Gourmet Burgers

In other Red Robin Gourmet Burgers news, CEO Gerard Johan Hart sold 11,997 shares of the firm’s stock in a transaction on 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. This trade represents a 2.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders have sold 52,759 shares of company stock valued at $227,353. 3.19% of the stock is owned by corporate insiders.

About Red Robin Gourmet Burgers

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.