AQR Capital Management LLC Has $553,000 Position in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB)

AQR Capital Management LLC increased its position in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) by 250.3% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 73,039 shares of the restaurant operator’s stock after acquiring an additional 52,190 shares during the quarter. AQR Capital Management LLC’s holdings in Red Robin Gourmet Burgers were worth $553,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Victory Capital Management Inc. increased its stake in shares of Red Robin Gourmet Burgers by 1.9% in the second quarter. Victory Capital Management Inc. now owns 110,850 shares of the restaurant operator’s stock valued at $839,000 after buying an additional 2,078 shares during the period. PNC Financial Services Group Inc. increased its position in Red Robin Gourmet Burgers by 57.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,791 shares of the restaurant operator’s stock valued at $85,000 after purchasing an additional 2,491 shares during the period. Headlands Technologies LLC acquired a new stake in Red Robin Gourmet Burgers during the 1st quarter valued at approximately $25,000. Point72 DIFC Ltd acquired a new stake in Red Robin Gourmet Burgers during the 2nd quarter valued at approximately $55,000. Finally, BNP Paribas Financial Markets increased its position in Red Robin Gourmet Burgers by 48.0% during the 1st quarter. BNP Paribas Financial Markets now owns 37,259 shares of the restaurant operator’s stock valued at $285,000 after purchasing an additional 12,082 shares during the period. Institutional investors and hedge funds own 84.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on RRGB shares. Lake Street Capital decreased their target price on shares of Red Robin Gourmet Burgers from $17.00 to $16.00 and set a “buy” rating for the company in a research report on Friday, August 23rd. Benchmark decreased their target price on shares of Red Robin Gourmet Burgers from $18.00 to $16.00 and set a “buy” rating for the company in a research report on Tuesday, August 20th. Finally, Craig Hallum decreased their target price on shares of Red Robin Gourmet Burgers from $15.00 to $11.50 and set a “buy” rating for the company in a research report on Friday, August 23rd.

Red Robin Gourmet Burgers Stock Up 3.3 %

Shares of RRGB opened at $5.58 on Tuesday. Red Robin Gourmet Burgers, Inc. has a 12-month low of $2.97 and a 12-month high of $12.80. The business’s fifty day moving average is $4.29 and its 200 day moving average is $6.01. The stock has a market cap of $87.89 million, a P/E ratio of -2.14 and a beta of 2.75.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last issued its earnings results on Thursday, August 22nd. The restaurant operator reported ($0.48) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.41) by ($0.07). The company had revenue of $300.15 million during the quarter, compared to the consensus estimate of $295.57 million. During the same quarter in the prior year, the company posted ($0.24) EPS. On average, analysts expect that Red Robin Gourmet Burgers, Inc. will post -2.37 EPS for the current year.

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.