Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) Shares Sold by Acuitas Investments LLC

Acuitas Investments LLC cut its position in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) by 12.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 560,006 shares of the restaurant operator’s stock after selling 76,342 shares during the quarter. Red Robin Gourmet Burgers makes up 2.6% of Acuitas Investments LLC’s investment portfolio, making the stock its 14th biggest holding. Acuitas Investments LLC owned about 3.22% of Red Robin Gourmet Burgers worth $3,074,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new position in shares of Red Robin Gourmet Burgers during the fourth quarter worth approximately $52,000. Geode Capital Management LLC grew its position in Red Robin Gourmet Burgers by 12.2% during the 3rd quarter. Geode Capital Management LLC now owns 194,316 shares of the restaurant operator’s stock worth $857,000 after purchasing an additional 21,062 shares during the last quarter. XTX Topco Ltd increased its stake in Red Robin Gourmet Burgers by 139.9% in the third quarter. XTX Topco Ltd now owns 79,246 shares of the restaurant operator’s stock valued at $349,000 after purchasing an additional 46,219 shares during the period. Wolverine Trading LLC purchased a new stake in shares of Red Robin Gourmet Burgers in the third quarter valued at about $55,000. Finally, PDT Partners LLC boosted its stake in shares of Red Robin Gourmet Burgers by 159.5% during the third quarter. PDT Partners LLC now owns 151,360 shares of the restaurant operator’s stock worth $667,000 after buying an additional 93,040 shares during the period. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Red Robin Gourmet Burgers Stock Down 3.3 %

NASDAQ RRGB opened at $5.00 on Tuesday. The business’s 50-day moving average price is $5.55 and its 200 day moving average price is $5.12. The firm has a market cap of $86.95 million, a P/E ratio of -1.52 and a beta of 2.65. Red Robin Gourmet Burgers, Inc. has a 52-week low of $2.97 and a 52-week high of $10.61.

Insider Activity

In other news, insider Jumana Capital Investments Llc purchased 800,454 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were acquired at an average cost of $5.19 per share, for a total transaction of $4,154,356.26. Following the completion of the purchase, the insider now directly owns 1,614,906 shares in the company, valued at $8,381,362.14. The trade was a 98.28 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.19% of the company’s stock.

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.