Red Robin Gourmet Burgers, Inc. (RRGB) CFO Purchases $147,200.00 in Stock

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) CFO Guy J. Constant purchased 2,500 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were bought at an average cost of $58.88 per share, for a total transaction of $147,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Red Robin Gourmet Burgers, Inc. (RRGB) opened at 59.40 on Friday. The firm’s 50-day moving average is $61.59 and its 200-day moving average is $58.79. The company has a market capitalization of $767.86 million, a price-to-earnings ratio of 92.09 and a beta of 0.62. Red Robin Gourmet Burgers, Inc. has a 12-month low of $40.85 and a 12-month high of $74.11.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last posted its quarterly earnings results on Tuesday, August 8th. The restaurant operator reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.10. The firm had revenue of $315.80 million during the quarter, compared to analyst estimates of $315.69 million. Red Robin Gourmet Burgers had a return on equity of 8.00% and a net margin of 0.64%. Red Robin Gourmet Burgers’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.75 EPS. On average, equities analysts predict that Red Robin Gourmet Burgers, Inc. will post $2.75 EPS for the current year.

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Several equities research analysts recently issued reports on RRGB shares. Maxim Group lifted their price target on shares of Red Robin Gourmet Burgers from $70.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, May 11th. Bank of America Corporation raised shares of Red Robin Gourmet Burgers from a “neutral” rating to a “buy” rating and lifted their price target for the company from $65.00 to $80.00 in a report on Wednesday, May 17th. Morgan Stanley reaffirmed an “equal weight” rating and set a $58.00 price target (up from $53.00) on shares of Red Robin Gourmet Burgers in a report on Wednesday, May 17th. Canaccord Genuity reaffirmed a “hold” rating and set a $62.00 price target on shares of Red Robin Gourmet Burgers in a report on Wednesday, May 17th. Finally, TheStreet raised shares of Red Robin Gourmet Burgers from a “c” rating to a “b-” rating in a report on Thursday, May 18th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $72.80.

Institutional investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio raised its position in Red Robin Gourmet Burgers by 10.3% in the first quarter. Public Employees Retirement System of Ohio now owns 1,759 shares of the restaurant operator’s stock valued at $103,000 after buying an additional 164 shares in the last quarter. ClariVest Asset Management LLC bought a new position in Red Robin Gourmet Burgers during the second quarter valued at about $105,000. Benjamin F. Edwards & Company Inc. raised its position in Red Robin Gourmet Burgers by 74.4% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 2,431 shares of the restaurant operator’s stock valued at $142,000 after buying an additional 1,037 shares in the last quarter. Acadian Asset Management LLC bought a new position in Red Robin Gourmet Burgers during the second quarter valued at about $149,000. Finally, Seven Eight Capital LP bought a new position in Red Robin Gourmet Burgers during the second quarter valued at about $163,000.

Red Robin Gourmet Burgers Company Profile

Red Robin Gourmet Burgers, Inc, together with its subsidiaries, primarily develops, operates, and franchises full-service restaurants in North America and focuses on serving selection of gourmet burgers. The Company’s menu features a line of gourmet burgers, which it makes from ground beef, as well as its line of Red’s Tavern Double Burgers and its Red Robin’s line of half-pound Angus beef burgers with various toppings.

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