Red Robin Gourmet Burgers Inc. (NASDAQ:RRGB) CFO Stuart B. Brown sold 14,029 shares of the firm’s stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $53.96, for a total value of $757,004.84. Following the sale, the chief financial officer now directly owns 15,690 shares of the company’s stock, valued at $846,632.40. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Shares of Red Robin Gourmet Burgers Inc. (NASDAQ:RRGB) opened at 53.00 on Friday. Red Robin Gourmet Burgers Inc. has a one year low of $40.85 and a one year high of $69.35. The firm has a market cap of $681.42 million, a price-to-earnings ratio of 22.58 and a beta of 0.85. The stock’s 50 day moving average price is $46.45 and its 200 day moving average price is $50.05.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last released its earnings results on Wednesday, November 2nd. The company reported $0.38 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.38. Red Robin Gourmet Burgers had a return on equity of 11.87% and a net margin of 2.49%. The business had revenue of $297.30 million for the quarter, compared to analyst estimates of $301.16 million. During the same quarter in the prior year, the company posted $0.58 earnings per share. Red Robin Gourmet Burgers’s revenue was up 4.9% on a year-over-year basis. On average, equities analysts anticipate that Red Robin Gourmet Burgers Inc. will post $2.89 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Red Robin Gourmet Burgers (NASDAQ:RRGB)

A number of research analysts have recently commented on the company. Bank of America Corp. lowered Red Robin Gourmet Burgers from a “buy” rating to an “underperform” rating and set a $50.00 price objective on the stock. in a report on Tuesday, September 13th. Maxim Group lowered their price objective on Red Robin Gourmet Burgers from $71.00 to $63.00 and set a “buy” rating on the stock in a report on Tuesday, October 25th. Canaccord Genuity assumed coverage on Red Robin Gourmet Burgers in a report on Monday, August 22nd. They set a “hold” rating and a $53.00 price objective on the stock. Jefferies Group lowered Red Robin Gourmet Burgers from a “buy” rating to a “hold” rating and set a $55.00 price objective on the stock. in a report on Tuesday, July 26th. Finally, Zacks Investment Research raised Red Robin Gourmet Burgers from a “sell” rating to a “hold” rating in a report on Monday, August 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $65.00.

A number of hedge funds have recently added to or reduced their stakes in RRGB. Price T Rowe Associates Inc. MD raised its stake in Red Robin Gourmet Burgers by 27.5% in the third quarter. Price T Rowe Associates Inc. MD now owns 1,871,173 shares of the company’s stock valued at $84,091,000 after buying an additional 403,790 shares during the last quarter. LPL Financial LLC raised its stake in Red Robin Gourmet Burgers by 2.2% in the third quarter. LPL Financial LLC now owns 6,702 shares of the company’s stock valued at $296,000 after buying an additional 144 shares in the last quarter. Scopus Asset Management L.P. acquired a new stake in Red Robin Gourmet Burgers during the third quarter valued at about $10,112,000. Clinton Group Inc. raised its stake in Red Robin Gourmet Burgers by 275.4% in the third quarter. Clinton Group Inc. now owns 33,900 shares of the company’s stock valued at $1,523,000 after buying an additional 24,869 shares in the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new stake in Red Robin Gourmet Burgers during the third quarter valued at about $422,000.

Red Robin Gourmet Burgers Company Profile

Red Robin Gourmet Burgers, Inc, together with its subsidiaries, primarily develops, operates and franchises casual-dining restaurants and fast-casual restaurants in North America and focuses on serving a selection of gourmet burgers. The Company is primarily engaged in the sale of food and beverages at the Company-owned restaurants.

5 Day Chart for NASDAQ:RRGB

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