Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) CEO Gerard Johan Hart Sells 8,627 Shares of Stock

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) CEO Gerard Johan Hart sold 8,627 shares of the business’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $4.16, for a total value of $35,888.32. Following the completion of the transaction, the chief executive officer now owns 556,225 shares of the company’s stock, valued at $2,313,896. This represents a 1.53 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Friday, March 21st, Gerard Johan Hart sold 10,418 shares of Red Robin Gourmet Burgers stock. The stock was sold at an average price of $4.16, for a total value of $43,338.88.
• On Monday, March 17th, Gerard Johan Hart sold 11,467 shares of Red Robin Gourmet Burgers stock. The shares were 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 stock was sold at an average price of $4.46, for a total transaction of $53,506.62.

Red Robin Gourmet Burgers Trading Down 2.8 %

Shares of RRGB stock opened at $4.11 on Wednesday. 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 market cap of $71.79 million, a P/E ratio of -1.25 and a beta of 2.70. The company has a 50 day simple moving average of $5.16 and a two-hundred day simple moving average of $5.16.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last posted its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $285.20 million. During the same period last year, the business earned ($0.66) EPS. As a group, equities analysts forecast that Red Robin Gourmet Burgers, Inc. will post -2.94 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on RRGB. CL King upgraded shares of Red Robin Gourmet Burgers from a “neutral” rating to a “buy” rating and set a $10.00 target price on the stock in a report on Thursday, February 27th. StockNews.com downgraded Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a research note on Saturday, March 8th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $13.38.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Red Robin Gourmet Burgers during the 4th quarter valued at approximately $64,000. Millennium Management LLC boosted its position in shares of 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 worth $703,000 after purchasing an additional 23,358 shares during the period. JCP Investment Management LLC increased its stake in shares of 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. raised its position in shares of Red Robin Gourmet Burgers by 112.5% during the 4th 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 during the period. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Red Robin Gourmet Burgers during the 4th quarter valued at $181,000. Institutional investors 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.