Point72 Asia Singapore Pte. Ltd. Acquires Shares of 11,731 Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB)

Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) during the fourth quarter, Holdings Channel reports. The firm bought 11,731 shares of the restaurant operator’s stock, valued at approximately $64,000.

A number of other hedge funds also recently made changes to their positions in the business. Bandera Partners LLC purchased a new stake in Red Robin Gourmet Burgers during the fourth quarter worth about $1,260,000. Pacific Ridge Capital Partners LLC grew its position in shares of Red Robin Gourmet Burgers by 8.7% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 1,069,632 shares of the restaurant operator’s stock valued at $5,872,000 after acquiring an additional 85,518 shares during the period. Barclays PLC increased its stake 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 during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Red Robin Gourmet Burgers in the 4th quarter worth approximately $63,000. Finally, Geode Capital Management LLC raised its holdings in shares of Red Robin Gourmet Burgers by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 198,525 shares of the restaurant operator’s stock worth $1,090,000 after purchasing an additional 4,209 shares during the period. 84.04% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Red Robin Gourmet Burgers news, CEO Gerard Johan Hart sold 8,627 shares of the firm’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $4.16, for a total value of $35,888.32. Following the sale, the chief executive officer now owns 556,225 shares of the company’s stock, valued at $2,313,896. This trade represents a 1.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold 52,759 shares of company stock worth $227,353 in the last three months. 3.19% of the stock is currently owned by corporate insiders.

Red Robin Gourmet Burgers Stock Up 2.8%

Shares of NASDAQ RRGB opened at $3.28 on Monday. The company has a market cap of $57.80 million, a P/E ratio of -1.00 and a beta of 2.11. Red Robin Gourmet Burgers, Inc. has a 52 week low of $2.50 and a 52 week high of $9.20. The business has a 50-day simple moving average of $3.28 and a two-hundred day simple moving average of $4.65.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last released its quarterly earnings data on Wednesday, February 26th. The restaurant operator reported ($0.94) EPS for the quarter, missing analysts’ consensus estimates of ($0.50) by ($0.44). The firm had revenue of $285.23 million for the quarter, compared to the consensus estimate of $285.20 million. During the same period in the prior year, the business earned ($0.66) EPS. Equities research analysts anticipate that Red Robin Gourmet Burgers, Inc. will post -2.94 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on RRGB shares. CL King raised Red Robin Gourmet Burgers from a “neutral” rating to a “buy” rating and set a $10.00 price objective for the company in a report on Thursday, February 27th. StockNews.com downgraded shares of Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a 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 stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $13.38.

Red Robin Gourmet Burgers 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.