Insider Selling: Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) CEO Sells $50,340.13 in Stock

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) CEO Gerard Johan Hart sold 11,467 shares of Red Robin Gourmet Burgers stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $4.39, for a total transaction of $50,340.13. Following the sale, the chief executive officer now owns 575,270 shares of the company’s stock, valued at approximately $2,525,435.30. This represents a 1.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Gerard Johan Hart also recently made the following trade(s):

• 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 transaction of $53,506.62.

Red Robin Gourmet Burgers Stock Performance

Shares of NASDAQ RRGB opened at $4.33 on Friday. The stock has a market cap of $75.63 million, a P/E ratio of -1.32 and a beta of 2.70. The firm has a 50 day moving average price of $5.24 and a 200 day moving average price of $5.11. Red Robin Gourmet Burgers, Inc. has a 52-week low of $2.97 and a 52-week high of $9.20.

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Verition Fund Management LLC bought a new position in Red Robin Gourmet Burgers in the third quarter valued at approximately $1,082,000. Geode Capital Management LLC lifted its stake in Red Robin Gourmet Burgers by 12.2% in the third quarter. Geode Capital Management LLC now owns 194,316 shares of the restaurant operator’s stock valued at $857,000 after buying an additional 21,062 shares in the last quarter. Quantbot Technologies LP bought a new position in Red Robin Gourmet Burgers in the third quarter valued at approximately $34,000. XTX Topco Ltd lifted its stake in Red Robin Gourmet Burgers by 139.9% in the third quarter. XTX Topco Ltd now owns 79,246 shares of the restaurant operator’s stock valued at $349,000 after buying an additional 46,219 shares in the last quarter. Finally, Wolverine Trading LLC bought a new position in Red Robin Gourmet Burgers in the third quarter valued at approximately $55,000. Institutional investors own 84.04% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on RRGB shares. 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. CL King upgraded shares of 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. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Red Robin Gourmet Burgers has a consensus 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.