Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) CEO Gerard Johan Hart Sells 10,418 Shares

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) CEO Gerard Johan Hart sold 10,418 shares of the stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $4.16, for a total value of $43,338.88. Following the transaction, the chief executive officer now directly owns 564,852 shares in the company, valued at approximately $2,349,784.32. This represents a 1.81 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through 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 transaction of $50,340.13.
• On Friday, March 14th, Gerard Johan Hart sold 11,997 shares of Red Robin Gourmet Burgers stock. The shares were sold at an average price of $4.46, for a total transaction of $53,506.62.

Red Robin Gourmet Burgers Stock Performance

NASDAQ:RRGB opened at $4.11 on Wednesday. The firm’s 50-day moving average is $5.16 and its 200-day moving average is $5.16. The company has a market cap of $71.79 million, a price-to-earnings ratio of -1.25 and a beta of 2.70. Red Robin Gourmet Burgers, Inc. has a 52-week low of $2.97 and a 52-week high of $9.20.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last posted 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 business had revenue of $285.23 million during the quarter, compared to analysts’ expectations of $285.20 million. During the same period last year, the business posted ($0.66) earnings per share. Equities analysts predict that Red Robin Gourmet Burgers, Inc. will post -2.94 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of RRGB. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Red Robin Gourmet Burgers in the 4th quarter valued at $64,000. Millennium Management LLC increased its stake in Red Robin Gourmet Burgers by 22.3% in the fourth quarter. Millennium Management LLC now owns 127,974 shares of the restaurant operator’s stock valued at $703,000 after acquiring an additional 23,358 shares during the period. JCP Investment Management LLC raised its position in Red Robin Gourmet Burgers by 281.6% in the fourth quarter. JCP Investment Management LLC now owns 1,860,668 shares of the restaurant operator’s stock worth $10,215,000 after purchasing an additional 1,373,077 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in Red Robin Gourmet Burgers by 112.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 394,471 shares of the restaurant operator’s stock valued at $2,166,000 after purchasing an additional 208,862 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Red Robin Gourmet Burgers in the 4th quarter valued at approximately $181,000. 84.04% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on RRGB shares. StockNews.com downgraded Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a research report on Saturday, March 8th. CL King raised 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 given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $13.38.

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.