Red Robin Gourmet Burgers (NASDAQ:RRGB) Lifted to “Hold” at StockNews.com

Red Robin Gourmet Burgers (NASDAQ:RRGB – Get Rating) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.

Separately, Benchmark lifted their price objective on shares of Red Robin Gourmet Burgers from $14.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday, March 22nd.

Red Robin Gourmet Burgers Stock Down 7.0 %

RRGB traded down $1.02 during trading on Friday, hitting $13.62. The stock had a trading volume of 631,203 shares, compared to its average volume of 361,585. The company has a market capitalization of $217.78 million, a PE ratio of -2.79 and a beta of 2.85. Red Robin Gourmet Burgers has a twelve month low of $5.35 and a twelve month high of $16.50. The company has a debt-to-equity ratio of 37.80, a quick ratio of 0.43 and a current ratio of 0.55. The stock has a 50 day simple moving average of $13.68 and a two-hundred day simple moving average of $10.26.

Red Robin Gourmet Burgers (NASDAQ:RRGB – Get Rating) last posted its quarterly earnings data on Tuesday, February 28th. The restaurant operator reported ($1.35) EPS for the quarter, missing the consensus estimate of ($0.66) by ($0.69). Red Robin Gourmet Burgers had a negative return on equity of 115.54% and a negative net margin of 6.04%. The company had revenue of $290.09 million for the quarter, compared to analyst estimates of $280.72 million. On average, research analysts predict that Red Robin Gourmet Burgers will post -1.74 earnings per share for the current year.

Insider Activity at Red Robin Gourmet Burgers

In other Red Robin Gourmet Burgers news, CEO Gerard Johan Hart bought 25,000 shares of the firm’s stock in a transaction that occurred on Friday, March 10th. The stock was bought at an average cost of $11.99 per share, for a total transaction of $299,750.00. Following the completion of the transaction, the chief executive officer now directly owns 183,656 shares of the company’s stock, valued at approximately $2,202,035.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Red Robin Gourmet Burgers news, CEO Gerard Johan Hart bought 25,000 shares of the firm’s stock in a transaction that occurred on Friday, March 10th. The stock was bought at an average cost of $11.99 per share, for a total transaction of $299,750.00. Following the completion of the transaction, the chief executive officer now directly owns 183,656 shares of the company’s stock, valued at approximately $2,202,035.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Joshua Todd Wilson bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, March 3rd. The shares were acquired at an average price of $11.22 per share, with a total value of $112,200.00. Following the completion of the transaction, the insider now directly owns 55,395 shares of the company’s stock, valued at $621,531.90. The disclosure for this purchase can be found here. Insiders acquired 36,751 shares of company stock worth $431,946 over the last three months. Company insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in Red Robin Gourmet Burgers by 0.5% in the first quarter. BlackRock Inc. now owns 2,441,027 shares of the restaurant operator’s stock valued at $41,155,000 after buying an additional 12,397 shares in the last quarter. American Century Companies Inc. increased its holdings in Red Robin Gourmet Burgers by 1.8% in the fourth quarter. American Century Companies Inc. now owns 1,956,146 shares of the restaurant operator’s stock valued at $10,915,000 after buying an additional 34,665 shares in the last quarter. Vanguard Group Inc. increased its holdings in Red Robin Gourmet Burgers by 14.5% in the third quarter. Vanguard Group Inc. now owns 873,734 shares of the restaurant operator’s stock valued at $5,880,000 after buying an additional 110,626 shares in the last quarter. Rutabaga Capital Management LLC MA increased its holdings in Red Robin Gourmet Burgers by 12.2% in the third quarter. Rutabaga Capital Management LLC MA now owns 691,244 shares of the restaurant operator’s stock valued at $4,652,000 after buying an additional 75,350 shares in the last quarter. Finally, State Street Corp increased its holdings in Red Robin Gourmet Burgers by 6.3% in the first quarter. State Street Corp now owns 553,487 shares of the restaurant operator’s stock valued at $9,332,000 after buying an additional 32,967 shares in the last quarter. Hedge funds and other institutional investors own 68.27% of the company’s stock.

About Red Robin Gourmet Burgers

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Red Robin Gourmet Burgers, Inc develops, operates, and franchises full-service restaurants North America. It serves a variety of salads, soups, appetizers, other entrees, desserts, signature alcoholic and non-alcoholic beverages. The company was founded in September 1969 and is headquartered in Englewood, CO.