Insider Selling: Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) CEO Sells 11,997 Shares of Stock

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) CEO Gerard Johan Hart sold 11,997 shares of Red Robin Gourmet Burgers 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 completion of the transaction, the chief executive officer now directly owns 586,737 shares of the company’s stock, valued at approximately $2,616,847.02. This represents a 2.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Gerard Johan Hart also recently made the following trade(s):

• On Monday, March 17th, Gerard Johan Hart sold 11,467 shares of Red Robin Gourmet Burgers stock. The shares were sold at an average price of $4.39, for a total value of $50,340.13.

Red Robin Gourmet Burgers Trading Down 4.3 %

RRGB stock traded down $0.19 during trading on Tuesday, hitting $4.26. The company had a trading volume of 296,035 shares, compared to its average volume of 443,993. The firm has a market capitalization of $74.41 million, a price-to-earnings ratio of -1.29 and a beta of 2.70. The business has a 50 day moving average of $5.28 and a 200 day moving average of $5.13. Red Robin Gourmet Burgers, Inc. has a fifty-two week low of $2.97 and a fifty-two week high of $9.20.

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

Institutional Investors Weigh In On Red Robin Gourmet Burgers

Several institutional investors have recently bought and sold shares of the stock. Bridgeway Capital Management LLC lifted its holdings 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 worth $360,000 after purchasing an additional 2,400 shares during the period. Dimensional Fund Advisors LP lifted its holdings in 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 during the last quarter. Northern Trust Corp lifted its holdings 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 acquiring an additional 3,427 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Red Robin Gourmet Burgers by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 198,525 shares of the restaurant operator’s stock valued at $1,090,000 after acquiring an additional 4,209 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Red Robin Gourmet Burgers in the 3rd quarter valued at about $34,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. StockNews.com downgraded shares of Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a report 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 target for the company in a report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $13.38.

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.