Insider Selling: Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) CEO Sells 11,467 Shares of Stock

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) CEO Gerard Johan Hart sold 11,467 shares of Red Robin Gourmet Burgers stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $4.39, for a total transaction of $50,340.13. Following the completion of the sale, the chief executive officer now directly owns 575,270 shares in the company, valued at approximately $2,525,435.30. The trade was a 1.95 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• 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 Price Performance

RRGB traded down $0.19 during midday trading on Tuesday, reaching $4.26. 296,035 shares of the company’s stock were exchanged, compared to its average volume of 443,993. The stock has a market capitalization of $74.41 million, a PE ratio of -1.29 and a beta of 2.70. The business’s 50-day moving average price is $5.28 and its 200 day moving average price is $5.13. Red Robin Gourmet Burgers, Inc. has a 1-year low of $2.97 and a 1-year high of $9.20.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last announced its earnings results on Wednesday, February 26th. The restaurant operator reported ($0.94) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.50) by ($0.44). The business had revenue of $285.23 million for the quarter, compared to the consensus estimate of $285.20 million. During the same period in the prior year, the firm posted ($0.66) EPS. As a group, analysts expect that Red Robin Gourmet Burgers, Inc. will post -2.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on RRGB shares. StockNews.com downgraded shares of Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a report on Saturday, March 8th. CL King raised shares of Red Robin Gourmet Burgers from a “neutral” rating to a “buy” rating and set a $10.00 price objective on the stock in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to MarketBeat.com, Red Robin Gourmet Burgers has an average rating of “Moderate Buy” and a consensus target price of $13.38.

Hedge Funds Weigh In On Red Robin Gourmet Burgers

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bridgeway Capital Management LLC raised its position in Red Robin Gourmet Burgers by 3.8% during the fourth quarter. Bridgeway Capital Management LLC now owns 65,500 shares of the restaurant operator’s stock worth $360,000 after acquiring an additional 2,400 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Red Robin Gourmet Burgers by 2.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 98,793 shares of the restaurant operator’s stock worth $542,000 after acquiring an additional 2,730 shares during the last quarter. Northern Trust Corp raised its position in Red Robin Gourmet Burgers by 11.9% during the fourth quarter. Northern Trust Corp now owns 32,258 shares of the restaurant operator’s stock worth $177,000 after acquiring an additional 3,427 shares during the last quarter. Geode Capital Management LLC raised its position in Red Robin Gourmet Burgers by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 198,525 shares of the restaurant operator’s stock worth $1,090,000 after acquiring an additional 4,209 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of Red Robin Gourmet Burgers in the third quarter valued at approximately $34,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

Red Robin Gourmet Burgers Company Profile

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.