Insider Buying: Red Robin Gourmet Burgers, Inc. (RRGB) COO Purchases $35,142.25 in Stock

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) COO Carin Stutz purchased 715 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was acquired at an average price of $49.15 per share, for a total transaction of $35,142.25. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of Red Robin Gourmet Burgers, Inc. (RRGB) traded up $1.65 during trading on Friday, reaching $50.60. The company had a trading volume of 443,168 shares, compared to its average volume of 802,413. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.37 and a current ratio of 0.56. The company has a market capitalization of $654.56, a price-to-earnings ratio of 24.56, a P/E/G ratio of 2.17 and a beta of 0.67. Red Robin Gourmet Burgers, Inc. has a 1 year low of $45.20 and a 1 year high of $74.11.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last announced its quarterly earnings data on Monday, November 6th. The restaurant operator reported $0.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.09). The firm had revenue of $304.20 million during the quarter, compared to the consensus estimate of $308.44 million. Red Robin Gourmet Burgers had a net margin of 0.94% and a return on equity of 7.32%. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.38 earnings per share. equities analysts anticipate that Red Robin Gourmet Burgers, Inc. will post 2.26 EPS for the current year.

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RRGB has been the topic of several recent analyst reports. Zacks Investment Research upgraded Red Robin Gourmet Burgers from a “hold” rating to a “buy” rating and set a $73.00 price target on the stock in a research note on Tuesday, October 10th. Raymond James Financial, Inc. reiterated a “strong-buy” rating and issued a $85.00 price target on shares of Red Robin Gourmet Burgers in a research note on Tuesday, July 25th. Jefferies Group LLC cut their price target on Red Robin Gourmet Burgers from $61.00 to $58.00 and set a “hold” rating on the stock in a research note on Tuesday, November 7th. Maxim Group reiterated a “buy” rating and issued a $75.00 price target on shares of Red Robin Gourmet Burgers in a research note on Monday, October 30th. Finally, Stifel Nicolaus initiated coverage on Red Robin Gourmet Burgers in a research note on Monday, October 2nd. They issued a “hold” rating and a $62.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $69.00.

Several large investors have recently bought and sold shares of the company. Colony Group LLC bought a new position in shares of Red Robin Gourmet Burgers during the third quarter valued at approximately $1,574,000. California Public Employees Retirement System grew its holdings in shares of Red Robin Gourmet Burgers by 11.4% during the third quarter. California Public Employees Retirement System now owns 30,409 shares of the restaurant operator’s stock valued at $2,037,000 after purchasing an additional 3,109 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Red Robin Gourmet Burgers by 18.3% during the third quarter. Janney Montgomery Scott LLC now owns 8,340 shares of the restaurant operator’s stock valued at $559,000 after purchasing an additional 1,289 shares during the last quarter. Highbridge Capital Management LLC grew its holdings in shares of Red Robin Gourmet Burgers by 1,043.9% during the third quarter. Highbridge Capital Management LLC now owns 110,000 shares of the restaurant operator’s stock valued at $7,370,000 after purchasing an additional 100,384 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. grew its holdings in shares of Red Robin Gourmet Burgers by 1,578.6% during the third quarter. Cornerstone Capital Management Holdings LLC. now owns 70,500 shares of the restaurant operator’s stock valued at $4,723,000 after purchasing an additional 66,300 shares during the last quarter.

About Red Robin Gourmet Burgers

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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