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 company’s stock in a transaction on Friday, March 21st. The shares were sold at an average price of $4.16, for a total value of $43,338.88. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 stock was 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 shares were sold at an average price of $4.39, for a total value 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 Stock Down 2.8 %

Shares of RRGB stock traded down $0.12 during trading on Tuesday, hitting $4.11. The company had a trading volume of 157,201 shares, compared to its average volume of 441,131. Red Robin Gourmet Burgers, Inc. has a 52 week low of $2.97 and a 52 week high of $9.20. The stock has a market capitalization of $71.79 million, a price-to-earnings ratio of -1.25 and a beta of 2.70. The stock’s 50-day moving average is $5.19 and its two-hundred day moving average is $5.15.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last released 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 quarter in the prior year, the company posted ($0.66) EPS. On average, research analysts predict that Red Robin Gourmet Burgers, Inc. will post -2.94 EPS for the current fiscal year.

Institutional Trading of Red Robin Gourmet Burgers

Several large investors have recently added to or reduced their stakes in the stock. JCP Investment Management LLC boosted its stake in shares of Red Robin Gourmet Burgers by 281.6% during the 4th quarter. JCP Investment Management LLC now owns 1,860,668 shares of the restaurant operator’s stock valued at $10,215,000 after purchasing an additional 1,373,077 shares in the last quarter. Pacific Ridge Capital Partners LLC lifted its stake in shares of Red Robin Gourmet Burgers by 8.7% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 1,069,632 shares of the restaurant operator’s stock valued at $5,872,000 after purchasing an additional 85,518 shares during the period. D. E. Shaw & Co. Inc. boosted its position in shares of 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. Verition Fund Management LLC purchased a new stake in Red Robin Gourmet Burgers in the third quarter worth $1,082,000. Finally, Bandera Partners LLC bought a new position in shares of Red Robin Gourmet Burgers in the 4th quarter worth about $1,260,000. Institutional investors own 84.04% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on RRGB shares. CL King upgraded Red Robin Gourmet Burgers from a “neutral” rating to a “buy” rating and set a $10.00 price target for the company in a report on Thursday, February 27th. StockNews.com cut Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a report on Saturday, March 8th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $13.38.

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.