Gerard Johan Hart Sells 11,467 Shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) Stock

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) CEO Gerard Johan Hart sold 11,467 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $4.39, for a total value of $50,340.13. Following the completion of the transaction, the chief executive officer now directly owns 575,270 shares in the company, valued at $2,525,435.30. This trade represents a 1.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Friday, March 14th, Gerard Johan Hart sold 11,997 shares of Red Robin Gourmet Burgers stock. The stock was sold at an average price of $4.46, for a total transaction of $53,506.62.

Red Robin Gourmet Burgers Trading Up 0.2 %

RRGB stock opened at $4.27 on Thursday. The company has a market capitalization of $74.58 million, a P/E ratio of -1.30 and a beta of 2.70. The firm has a 50 day simple moving average of $5.26 and a 200-day simple moving average of $5.12. Red Robin Gourmet Burgers, Inc. has a twelve month low of $2.97 and a twelve month high of $9.20.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last released its earnings results 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 firm had revenue of $285.23 million for the quarter, compared to the consensus estimate of $285.20 million. During the same period in the prior year, the firm earned ($0.66) earnings per share. On average, research analysts predict that Red Robin Gourmet Burgers, Inc. will post -2.94 EPS for the current year.

Institutional Trading of Red Robin Gourmet Burgers

Several institutional investors and hedge funds have recently bought and sold shares of RRGB. Quantbot Technologies LP bought a new stake in shares of Red Robin Gourmet Burgers in the 3rd quarter valued at approximately $34,000. R Squared Ltd acquired a new position in Red Robin Gourmet Burgers in the fourth quarter worth $52,000. Wolverine Trading LLC bought a new stake in Red Robin Gourmet Burgers during the third quarter valued at $55,000. Raymond James Financial Inc. acquired a new stake in shares of Red Robin Gourmet Burgers during the fourth quarter worth $63,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Red Robin Gourmet Burgers in the 4th quarter worth about $64,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

Wall Street Analysts Forecast Growth

RRGB has been the subject of several analyst reports. CL King raised Red Robin Gourmet Burgers from a “neutral” rating to a “buy” rating and set a $10.00 target price for the company in a research report on Thursday, February 27th. StockNews.com cut Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a report 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’s stock. According to MarketBeat, Red Robin Gourmet Burgers presently has a consensus 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.