Insider Selling: Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) CEO Sells 11,467 Shares of Stock

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) CEO Gerard Johan Hart sold 11,467 shares of the business’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $4.39, for a total transaction of $50,340.13. Following the completion of the sale, the chief executive officer now directly owns 575,270 shares in the company, valued at approximately $2,525,435.30. This represents a 1.95 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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 Price Performance

NASDAQ:RRGB opened at $4.33 on Friday. Red Robin Gourmet Burgers, Inc. has a one year low of $2.97 and a one year high of $9.20. The company has a market cap of $75.63 million, a P/E ratio of -1.32 and a beta of 2.70. The firm’s fifty day moving average price is $5.24 and its two-hundred day moving average price is $5.11.

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

Hedge Funds Weigh In On Red Robin Gourmet Burgers

Institutional investors and hedge funds have recently modified their holdings of the business. Quantbot Technologies LP acquired a new position in shares of Red Robin Gourmet Burgers in the third quarter valued at about $34,000. R Squared Ltd acquired a new position in shares of Red Robin Gourmet Burgers in the fourth quarter valued at about $52,000. Raymond James Financial Inc. acquired a new position in shares of Red Robin Gourmet Burgers in the fourth quarter valued at about $63,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Red Robin Gourmet Burgers in the fourth quarter valued at about $64,000. Finally, Barclays PLC grew its stake in shares of Red Robin Gourmet Burgers by 489.6% in the fourth quarter. Barclays PLC now owns 12,270 shares of the restaurant operator’s stock valued at $67,000 after acquiring an additional 10,189 shares in the last quarter. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on RRGB shares. StockNews.com lowered shares of Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a research 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 on the stock in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company 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.