Gerard Johan Hart Sells 8,627 Shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) Stock

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) CEO Gerard Johan Hart sold 8,627 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $4.16, for a total transaction of $35,888.32. Following the completion of the sale, the chief executive officer now directly owns 556,225 shares of the company’s stock, valued at $2,313,896. This represents a 1.53 % decrease in their ownership of the stock. 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 Friday, March 21st, Gerard Johan Hart sold 10,418 shares of Red Robin Gourmet Burgers stock. The shares were sold at an average price of $4.16, for a total transaction of $43,338.88.
• On Monday, March 17th, Gerard Johan Hart sold 11,467 shares of Red Robin Gourmet Burgers stock. The stock was sold at an average price of $4.39, for a total transaction 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 value of $53,506.62.

Red Robin Gourmet Burgers Stock Down 3.4 %

Shares of NASDAQ:RRGB opened at $3.97 on Thursday. The company has a market cap of $69.34 million, a price-to-earnings ratio of -1.21 and a beta of 2.70. The business has a 50 day moving average price of $5.13 and a 200 day moving average price of $5.15. Red Robin Gourmet Burgers, Inc. has a twelve month low of $2.97 and a twelve month high of $9.20.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last posted its quarterly earnings data on Wednesday, February 26th. The restaurant operator reported ($0.94) earnings per share 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 the consensus estimate of $285.20 million. During the same period last year, the company earned ($0.66) earnings per share. Analysts anticipate that Red Robin Gourmet Burgers, Inc. will post -2.94 EPS for the current year.

Institutional Trading of Red Robin Gourmet Burgers

A number of hedge funds have recently bought and sold shares of RRGB. Quantbot Technologies LP bought a new position in shares of Red Robin Gourmet Burgers during the 3rd quarter worth about $34,000. R Squared Ltd acquired a new stake in Red Robin Gourmet Burgers during the fourth quarter worth about $52,000. Raymond James Financial Inc. bought a new position in Red Robin Gourmet Burgers during the fourth quarter valued at about $63,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Red Robin Gourmet Burgers in the 4th quarter valued at approximately $64,000. Finally, Barclays PLC grew its holdings in shares of Red Robin Gourmet Burgers by 489.6% during the 4th quarter. Barclays PLC now owns 12,270 shares of the restaurant operator’s stock worth $67,000 after purchasing an additional 10,189 shares in the last quarter. 84.04% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. StockNews.com downgraded Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a research note 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 report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average 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.