Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) Director Buys $74,997.30 in Stock

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) Director Anthony S. Ackil purchased 14,910 shares of the company’s stock in a transaction on Friday, June 20th. The stock was purchased at an average price of $5.03 per share, for a total transaction of $74,997.30. Following the purchase, the director now directly owns 103,802 shares of the company’s stock, valued at $522,124.06. This trade represents a 16.77% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Red Robin Gourmet Burgers Price Performance

Shares of RRGB remained flat at $5.00 during mid-day trading on Monday. 320,483 shares of the stock traded hands, compared to its average volume of 587,039. Red Robin Gourmet Burgers, Inc. has a twelve month low of $2.50 and a twelve month high of $8.18. The stock has a market capitalization of $88.70 million, a PE ratio of -1.18 and a beta of 2.38. The business has a 50 day simple moving average of $3.78 and a 200-day simple moving average of $4.53.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last released its quarterly earnings data on Thursday, May 29th. The restaurant operator reported $0.19 earnings per share for the quarter, topping the consensus estimate of ($0.57) by $0.76. The firm had revenue of $392.35 million for the quarter, compared to the consensus estimate of $388.77 million. During the same period in the previous year, the business earned ($0.80) EPS. As a group, analysts anticipate that Red Robin Gourmet Burgers, Inc. will post -2.94 EPS for the current year.

Hedge Funds Weigh In On Red Robin Gourmet Burgers

Large investors have recently bought and sold shares of the company. Bridgeway Capital Management LLC grew its position 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 purchasing an additional 2,400 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Red Robin Gourmet Burgers by 2.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 98,793 shares of the restaurant operator’s stock valued at $542,000 after acquiring an additional 2,730 shares in the last quarter. Northern Trust Corp increased its position in shares of Red Robin Gourmet Burgers by 11.9% in the fourth quarter. Northern Trust Corp now owns 32,258 shares of the restaurant operator’s stock valued at $177,000 after acquiring an additional 3,427 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its holdings in Red Robin Gourmet Burgers by 4.6% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 93,985 shares of the restaurant operator’s stock worth $335,000 after acquiring an additional 4,140 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Red Robin Gourmet Burgers by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 198,525 shares of the restaurant operator’s stock worth $1,090,000 after acquiring an additional 4,209 shares in the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. CL King raised Red Robin Gourmet Burgers from a “neutral” rating to a “buy” rating and set a $10.00 target price on the stock in a report on Thursday, February 27th. Wall Street Zen downgraded shares of Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a research report on Saturday, March 8th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to MarketBeat, Red Robin Gourmet Burgers currently has an average rating of “Moderate Buy” and a consensus target price of $13.38.

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.