Shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB – Get Rating) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.80 and traded as high as $9.00. Red Robin Gourmet Burgers shares last traded at $8.94, with a volume of 197,387 shares.
Analyst Ratings Changes
Several analysts have commented on RRGB shares. Jefferies Financial Group cut shares of Red Robin Gourmet Burgers from a "buy" rating to a "hold" rating in a research note on Wednesday, December 21st. CL King assumed coverage on shares of Red Robin Gourmet Burgers in a research report on Tuesday, December 20th. They set a "neutral" rating on the stock. Finally, StockNews.com upgraded shares of Red Robin Gourmet Burgers from a "sell" rating to a "hold" rating in a research report on Friday, October 28th. Five research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has a consensus rating of "Hold".
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Red Robin Gourmet Burgers Price Performance
The company has a market capitalization of $142.57 million, a P/E ratio of -2.58 and a beta of 2.68. The firm's fifty day moving average is $7.48 and its 200 day moving average is $7.80. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.41 and a current ratio of 0.53.
Red Robin Gourmet Burgers (NASDAQ:RRGB – Get Rating) last issued its quarterly earnings results on Wednesday, November 2nd. The restaurant operator reported ($1.03) EPS for the quarter, beating the consensus estimate of ($1.30) by $0.27. The company had revenue of $286.89 million for the quarter, compared to the consensus estimate of $281.53 million. Red Robin Gourmet Burgers had a negative net
margin of 4.36% and a negative return on equity of 69.45%. As a group, analysts predict that Red Robin Gourmet Burgers, Inc. will post -2.56 earnings per share for the current fiscal year.
Insider Activity at Red Robin Gourmet Burgers
In other news, Director Thomas G. Conforti purchased 8,769 shares of the business's stock in a transaction that occurred on Tuesday, November 8th. The shares were bought at an average cost of $6.96 per share, for a total transaction of $61,032.24. Following the acquisition, the director now owns 27,500 shares of the company's stock, valued at approximately $191,400. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.30% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Red Robin Gourmet Burgers
A number of hedge funds have recently added to or reduced their stakes in the stock. Two Sigma Advisers LP grew its stake in Red Robin Gourmet Burgers by 22.9% in the 3rd quarter. Two Sigma Advisers LP now owns 182,812 shares of the restaurant operator's stock worth $1,230,000 after acquiring an additional 34,100 shares in the last quarter. Vanguard Group Inc. grew its stake in Red Robin Gourmet Burgers by 14.5% in the 3rd quarter. Vanguard Group Inc. now owns 873,734 shares of the restaurant operator's stock worth $5,880,000 after acquiring an additional 110,626 shares in the last quarter. Marshall Wace LLP grew its stake in Red Robin Gourmet Burgers by 44.2% in the 3rd quarter. Marshall Wace LLP now owns 103,464 shares of the restaurant operator's stock worth $697,000 after acquiring an additional 31,732 shares in the last quarter. Royal Bank of Canada grew its stake in Red Robin Gourmet Burgers by 190.1% in the 3rd quarter. Royal Bank of Canada now owns 20,280 shares of the restaurant operator's stock worth $136,000 after acquiring an additional 13,289 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in Red Robin Gourmet Burgers by 99.8% in the 3rd quarter. Renaissance Technologies LLC now owns 233,666 shares of the restaurant operator's stock worth $1,573,000 after acquiring an additional 116,700 shares in the last quarter. 68.27% of the stock is currently owned by institutional investors.
About Red Robin Gourmet Burgers
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Red Robin Gourmet Burgers, Inc develops, operates, and franchises full-service restaurants North America. It serves a variety of salads, soups, appetizers, other entrees, desserts, signature alcoholic and non-alcoholic beverages. The company was founded in September 1969 and is headquartered in Englewood, CO.
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