Swiss National Bank Buys 600 Shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB)

Swiss National Bank boosted its holdings in shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) by 2.5% in the 2nd quarter, Holdings Channel reports. The firm owned 24,200 shares of the restaurant operator’s stock after buying an additional 600 shares during the period. Swiss National Bank’s holdings in Red Robin Gourmet Burgers were worth $740,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Comerica Bank lifted its stake in Red Robin Gourmet Burgers by 8.2% during the second quarter. Comerica Bank now owns 73,690 shares of the restaurant operator’s stock worth $2,228,000 after purchasing an additional 5,587 shares during the last quarter. Kavar Capital Partners LLC bought a new stake in Red Robin Gourmet Burgers during the second quarter worth $31,000. Aperio Group LLC bought a new stake in Red Robin Gourmet Burgers during the second quarter worth $153,000. Eidelman Virant Capital bought a new stake in Red Robin Gourmet Burgers during the second quarter worth $244,000. Finally, GMT Capital Corp lifted its stake in Red Robin Gourmet Burgers by 239.5% during the first quarter. GMT Capital Corp now owns 103,095 shares of the restaurant operator’s stock worth $2,970,000 after purchasing an additional 72,731 shares during the last quarter.

Several equities research analysts have weighed in on RRGB shares. Morgan Stanley upped their target price on Red Robin Gourmet Burgers from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Monday, August 26th. Zacks Investment Research upgraded Red Robin Gourmet Burgers from a “sell” rating to a “strong-buy” rating and set a $35.00 target price for the company in a research note on Monday, August 5th. TheStreet upgraded Red Robin Gourmet Burgers from a “d+” rating to a “c” rating in a research note on Thursday, May 30th. ValuEngine upgraded Red Robin Gourmet Burgers from a “hold” rating to a “buy” rating in a research note on Friday, August 23rd. Finally, Maxim Group set a $44.00 target price on Red Robin Gourmet Burgers and gave the stock a “buy” rating in a research note on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Red Robin Gourmet Burgers currently has an average rating of “Hold” and an average price target of $35.00.

Shares of NASDAQ:RRGB traded up $0.71 during trading on Friday, hitting $35.10. 18,009 shares of the company were exchanged, compared to its average volume of 395,807. The business’s 50 day moving average is $33.29 and its 200-day moving average is $31.10. The company has a market capitalization of $453.43 million, a P/E ratio of 20.29, a price-to-earnings-growth ratio of 3.21 and a beta of 1.21. The company has a quick ratio of 0.28, a current ratio of 0.42 and a debt-to-equity ratio of 1.85. Red Robin Gourmet Burgers, Inc. has a 1-year low of $24.57 and a 1-year high of $41.15.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last announced its quarterly earnings results on Friday, August 23rd. The restaurant operator reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.72. The company had revenue of $308.00 million during the quarter, compared to the consensus estimate of $306.39 million. Red Robin Gourmet Burgers had a negative net margin of 0.55% and a positive return on equity of 6.18%. The company’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.46 earnings per share. As a group, sell-side analysts anticipate that Red Robin Gourmet Burgers, Inc. will post 1.13 earnings per share for the current year.

About Red Robin Gourmet Burgers

Red Robin Gourmet Burgers, Inc, together with its subsidiaries, develops, operates, and franchises full-service and casual-dining restaurants in the United States and Canada. The company's restaurants primarily offer burgers; various appetizers, salads, soups, seafood, and other entrees; and desserts, milkshakes, alcoholic and non-alcoholic specialty drinks, cocktails, wine, and beers.

Further Reading: Purposes and Functions of the Federal Reserve

Want to see what other hedge funds are holding RRGB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB).

Institutional Ownership by Quarter for Red Robin Gourmet Burgers (NASDAQ:RRGB)

Receive News & Ratings for Red Robin Gourmet Burgers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Red Robin Gourmet Burgers and related companies with MarketBeat.com's FREE daily email newsletter.