Insider Selling: Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) CEO Sells $43,338.88 in Stock

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) CEO Gerard Johan Hart sold 10,418 shares of the business’s stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $4.16, for a total transaction 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 approximately $2,349,784.32. The trade was a 1.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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 transaction of $35,888.32.
• 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 value of $50,340.13.
• On Friday, March 14th, Gerard Johan Hart sold 11,997 shares of Red Robin Gourmet Burgers stock. The shares were sold at an average price of $4.46, for a total value of $53,506.62.

Red Robin Gourmet Burgers Price Performance

Shares of NASDAQ RRGB opened at $3.88 on Friday. Red Robin Gourmet Burgers, Inc. has a 1-year low of $2.97 and a 1-year high of $9.20. The company has a market capitalization of $67.77 million, a price-to-earnings ratio of -1.18 and a beta of 2.70. The business has a 50-day moving average of $5.09 and a 200-day moving average of $5.14.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last released its quarterly earnings results on Wednesday, February 26th. The restaurant operator reported ($0.94) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.50) by ($0.44). The business had revenue of $285.23 million during the quarter, compared to analysts’ expectations of $285.20 million. During the same period in the previous year, the company posted ($0.66) EPS. Research analysts expect that Red Robin Gourmet Burgers, Inc. will post -2.94 EPS for the current fiscal year.

Institutional Investors Weigh In On Red Robin Gourmet Burgers

A number of large investors have recently added to or reduced their stakes in RRGB. Quantbot Technologies LP acquired a new position in Red Robin Gourmet Burgers in the 3rd quarter worth $34,000. Verition Fund Management LLC acquired a new position in shares of Red Robin Gourmet Burgers in the third quarter worth about $1,082,000. PDT Partners LLC boosted its holdings in 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 last quarter. Wolverine Trading LLC acquired a new stake in Red Robin Gourmet Burgers during the 3rd quarter valued at approximately $55,000. Finally, XTX Topco Ltd increased its holdings in 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 purchasing an additional 46,219 shares during the last quarter. 84.04% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RRGB has been the topic of several research analyst 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 note on Thursday, February 27th. StockNews.com cut shares of Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a research report on Saturday, March 8th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to MarketBeat.com, Red Robin Gourmet Burgers presently has an average rating of “Moderate Buy” and a consensus 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.