Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) CEO Sells $43,338.88 in Stock

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) CEO Gerard Johan Hart sold 10,418 shares of the company’s stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $4.16, for a total transaction of $43,338.88. Following the completion of the sale, the chief executive officer now owns 564,852 shares in the company, valued at approximately $2,349,784.32. This trade represents a 1.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Monday, March 24th, Gerard Johan Hart sold 8,627 shares of Red Robin Gourmet Burgers stock. The shares were sold at an average price of $4.16, for a total value of $35,888.32.
• On Monday, March 17th, Gerard Johan Hart sold 11,467 shares of Red Robin Gourmet Burgers stock. The stock was sold at an average price of $4.39, for a total value of $50,340.13.
• 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 value of $53,506.62.

Red Robin Gourmet Burgers Price Performance

Shares of RRGB opened at $3.88 on Friday. Red Robin Gourmet Burgers, Inc. has a 12 month low of $2.97 and a 12 month high of $9.20. The stock has a fifty day moving average price of $5.09 and a 200 day moving average price of $5.14. The company has a market cap of $67.77 million, a P/E ratio of -1.18 and a beta of 2.70.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last released its quarterly earnings results 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 firm 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 company earned ($0.66) EPS. As a group, research analysts anticipate that Red Robin Gourmet Burgers, Inc. will post -2.94 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. StockNews.com cut Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a research note on Saturday, March 8th. CL King upgraded 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 equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to data from MarketBeat, Red Robin Gourmet Burgers presently has an average rating of “Moderate Buy” and a consensus target price of $13.38.

Institutional Investors Weigh In On Red Robin Gourmet Burgers

Several large investors have recently made changes to their positions in RRGB. Bridgeway Capital Management LLC boosted its position in shares of Red Robin Gourmet Burgers by 3.8% during the fourth quarter. Bridgeway Capital Management LLC now owns 65,500 shares of the restaurant operator’s stock worth $360,000 after buying an additional 2,400 shares during the period. Dimensional Fund Advisors LP boosted its position in Red Robin Gourmet Burgers by 2.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 98,793 shares of the restaurant operator’s stock worth $542,000 after acquiring an additional 2,730 shares during the period. Northern Trust Corp grew its stake 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 worth $177,000 after purchasing an additional 3,427 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of 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 valued at $1,090,000 after purchasing an additional 4,209 shares during the period. Finally, Quantbot Technologies LP bought a new stake in shares of Red Robin Gourmet Burgers during the third quarter valued at about $34,000. Institutional investors and hedge funds own 84.04% 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.