Red Robin Gourmet Burgers, Inc. (RRGB) Stake Increased by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its position in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) by 206.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,075 shares of the restaurant operator’s stock after buying an additional 18,904 shares during the period. Russell Investments Group Ltd.’s holdings in Red Robin Gourmet Burgers were worth $1,641,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of RRGB. Dimensional Fund Advisors LP raised its position in shares of Red Robin Gourmet Burgers by 14.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 838,025 shares of the restaurant operator’s stock valued at $47,265,000 after buying an additional 103,768 shares in the last quarter. Thomson Horstmann & Bryant Inc. raised its position in shares of Red Robin Gourmet Burgers by 61.9% in the first quarter. Thomson Horstmann & Bryant Inc. now owns 307,575 shares of the restaurant operator’s stock valued at $17,977,000 after buying an additional 117,652 shares in the last quarter. State Street Corp raised its position in shares of Red Robin Gourmet Burgers by 5.3% in the fourth quarter. State Street Corp now owns 285,242 shares of the restaurant operator’s stock valued at $16,090,000 after buying an additional 14,246 shares in the last quarter. Foundry Partners LLC raised its position in shares of Red Robin Gourmet Burgers by 0.3% in the first quarter. Foundry Partners LLC now owns 114,375 shares of the restaurant operator’s stock valued at $6,685,000 after buying an additional 300 shares in the last quarter. Finally, Highbridge Capital Management LLC purchased a new position in shares of Red Robin Gourmet Burgers during the fourth quarter valued at about $6,308,000.

Institutional Ownership by Quarter for Red Robin Gourmet Burgers (NASDAQ:RRGB)

Shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) opened at 65.05 on Tuesday. The firm has a market capitalization of $837.13 million, a P/E ratio of 95.38 and a beta of 0.57. The firm’s 50-day moving average price is $65.62 and its 200-day moving average price is $55.98. 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 announced its earnings results on Tuesday, May 16th. The restaurant operator reported $0.89 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.31. Red Robin Gourmet Burgers had a net margin of 0.69% and a return on equity of 8.73%. The company had revenue of $418.60 million for the quarter, compared to analysts’ expectations of $416.48 million. During the same period last year, the firm earned $1.27 earnings per share. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. Equities analysts predict that Red Robin Gourmet Burgers, Inc. will post $2.91 earnings per share for the current fiscal year.

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Several equities analysts recently issued reports on the company. Maxim Group restated a “buy” rating and set a $80.00 price target (up from $75.00) on shares of Red Robin Gourmet Burgers in a research note on Wednesday, May 17th. Canaccord Genuity upgraded Red Robin Gourmet Burgers from a “hold” rating to a “buy” rating and boosted their price target for the company from $72.00 to $90.00 in a research note on Friday, May 26th. TheStreet upgraded Red Robin Gourmet Burgers from a “c” rating to a “b-” rating in a research note on Thursday, May 18th. Zacks Investment Research upgraded Red Robin Gourmet Burgers from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a research note on Friday, May 19th. Finally, Wells Fargo & Company restated a “market perform” rating and set a $70.00 price target on shares of Red Robin Gourmet Burgers in a research note on Thursday, May 25th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $74.22.

In other news, Director Glenn B. Kaufman sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $72.25, for a total transaction of $289,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert Blaine Aiken, Jr. sold 2,946 shares of the firm’s stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $71.80, for a total transaction of $211,522.80. Following the transaction, the director now directly owns 6,547 shares in the company, valued at $470,074.60. The disclosure for this sale can be found here. 2.66% of the stock is currently owned by company insiders.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:RRGB”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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