Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) CEO Sells $53,506.62 in Stock

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) CEO Gerard Johan Hart sold 11,997 shares of the company’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $4.46, for a total transaction of $53,506.62. Following the completion of the transaction, the chief executive officer now owns 586,737 shares of the company’s stock, valued at $2,616,847.02. This trade represents a 2.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• 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.

Red Robin Gourmet Burgers Price Performance

NASDAQ:RRGB opened at $4.27 on Thursday. The firm has a market capitalization of $74.58 million, a P/E ratio of -1.30 and a beta of 2.70. Red Robin Gourmet Burgers, Inc. has a one year low of $2.97 and a one year high of $9.20. The company’s 50-day simple moving average is $5.26 and its 200 day simple moving average is $5.12.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last issued its quarterly earnings results on Wednesday, February 26th. The restaurant operator reported ($0.94) EPS for the quarter, missing analysts’ consensus estimates 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 quarter in the prior year, the company posted ($0.66) earnings per share. On average, equities research analysts expect that Red Robin Gourmet Burgers, Inc. will post -2.94 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Red Robin Gourmet Burgers

Institutional investors have recently modified their holdings of the stock. Bridgeway Capital Management LLC boosted its stake in Red Robin Gourmet Burgers by 3.8% in the 4th quarter. Bridgeway Capital Management LLC now owns 65,500 shares of the restaurant operator’s stock worth $360,000 after purchasing an additional 2,400 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Red Robin Gourmet Burgers by 2.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 98,793 shares of the restaurant operator’s stock worth $542,000 after buying an additional 2,730 shares in the last quarter. Northern Trust Corp grew its holdings in shares of 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 valued at $177,000 after buying an additional 3,427 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of 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 valued at $1,090,000 after buying an additional 4,209 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of Red Robin Gourmet Burgers during the third quarter valued at approximately $34,000. 84.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

RRGB has been the topic of several research reports. CL King raised Red Robin Gourmet Burgers from a “neutral” rating to a “buy” rating and set a $10.00 price objective on the stock in a research report on Thursday, February 27th. StockNews.com cut Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a research note on Saturday, March 8th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to data from MarketBeat.com, Red Robin Gourmet Burgers presently has a consensus rating of “Moderate Buy” and a consensus price target 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.