Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) CEO Sells $35,888.32 in Stock

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) CEO Gerard Johan Hart sold 8,627 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $4.16, for a total value of $35,888.32. Following the transaction, the chief executive officer now directly owns 556,225 shares of the company’s stock, valued at approximately $2,313,896. This trade represents a 1.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Friday, March 21st, Gerard Johan Hart sold 10,418 shares of Red Robin Gourmet Burgers stock. The stock was sold at an average price of $4.16, for a total value of $43,338.88.
• 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 transaction of $50,340.13.
• 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

RRGB stock traded down $0.12 on Tuesday, reaching $4.11. The company had a trading volume of 157,201 shares, compared to its average volume of 441,131. The company’s fifty day moving average is $5.19 and its 200 day moving average is $5.15. The company has a market cap of $71.79 million, a P/E ratio of -1.25 and a beta of 2.70. Red Robin Gourmet Burgers, Inc. has a 1 year low of $2.97 and a 1 year 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 the consensus estimate of ($0.50) by ($0.44). The firm had revenue of $285.23 million during the quarter, compared to analyst estimates of $285.20 million. During the same quarter in the prior year, the company earned ($0.66) EPS. On average, sell-side analysts predict that Red Robin Gourmet Burgers, Inc. will post -2.94 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on RRGB. StockNews.com downgraded shares of Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a research report on Saturday, March 8th. CL King raised Red Robin Gourmet Burgers from a “neutral” rating to a “buy” rating and set a $10.00 target price on the stock in a report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $13.38.

Institutional Investors Weigh In On Red Robin Gourmet Burgers

Several hedge funds have recently modified their holdings of RRGB. Bridgeway Capital Management LLC grew its holdings in Red Robin Gourmet Burgers by 3.8% in the 4th quarter. Bridgeway Capital Management LLC now owns 65,500 shares of the restaurant operator’s stock valued at $360,000 after buying an additional 2,400 shares during the period. Dimensional Fund Advisors LP increased its position in Red Robin Gourmet Burgers by 2.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 98,793 shares of the restaurant operator’s stock worth $542,000 after purchasing an additional 2,730 shares during the last quarter. Northern Trust Corp raised its stake in Red Robin Gourmet Burgers by 11.9% during the fourth quarter. Northern Trust Corp now owns 32,258 shares of the restaurant operator’s stock worth $177,000 after purchasing an additional 3,427 shares during the period. Geode Capital Management LLC grew its stake in shares of Red Robin Gourmet Burgers by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 198,525 shares of the restaurant operator’s stock valued at $1,090,000 after buying an additional 4,209 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in shares of Red Robin Gourmet Burgers during the 3rd quarter worth $34,000. 84.04% of the stock is owned by institutional investors and hedge funds.

About Red Robin Gourmet Burgers

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.