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 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 sale, the chief executive officer now owns 564,852 shares of the company’s stock, valued at $2,349,784.32. The trade was a 1.81 % decrease in their position. The transaction 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 shares were 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 Performance

NASDAQ:RRGB opened at $3.97 on Thursday. The company has a market capitalization of $69.34 million, a P/E ratio of -1.21 and a beta of 2.70. The stock’s 50 day moving average price is $5.13 and its 200 day moving average price is $5.15. Red Robin Gourmet Burgers, Inc. has a 52 week low of $2.97 and a 52 week high of $9.20.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last posted its earnings results 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 business had revenue of $285.23 million for the quarter, compared to the consensus estimate of $285.20 million. During the same period last year, the company earned ($0.66) earnings per share. As a group, sell-side analysts forecast that Red Robin Gourmet Burgers, Inc. will post -2.94 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Red Robin Gourmet Burgers

Several institutional investors have recently bought and sold shares of RRGB. Quantbot Technologies LP acquired a new position in shares of Red Robin Gourmet Burgers during the 3rd quarter valued at about $34,000. Verition Fund Management LLC acquired a new position in Red Robin Gourmet Burgers during the third quarter valued at approximately $1,082,000. PDT Partners LLC raised its position in shares of Red Robin Gourmet Burgers by 159.5% in the third quarter. PDT Partners LLC now owns 151,360 shares of the restaurant operator’s stock valued at $667,000 after purchasing an additional 93,040 shares during the period. Wolverine Trading LLC acquired a new stake in shares of Red Robin Gourmet Burgers in the third quarter worth $55,000. Finally, XTX Topco Ltd boosted its holdings in shares of Red Robin Gourmet Burgers by 139.9% during the 3rd quarter. XTX Topco Ltd now owns 79,246 shares of the restaurant operator’s stock worth $349,000 after buying an additional 46,219 shares during the period. 84.04% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research 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 research 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 target on the stock in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Red Robin Gourmet Burgers presently has a consensus rating of “Moderate Buy” and an average target price 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.