TD Asset Management Inc. boosted its stake in shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) by 11.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 22,241 shares of the restaurant operator’s stock after buying an additional 2,300 shares during the period. TD Asset Management Inc. owned approximately 0.17% of Red Robin Gourmet Burgers worth $1,451,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. BNP Paribas Arbitrage SA boosted its stake in Red Robin Gourmet Burgers by 1.2% in the first quarter. BNP Paribas Arbitrage SA now owns 4,218 shares of the restaurant operator’s stock valued at $247,000 after buying an additional 51 shares during the period. Texas Permanent School Fund boosted its stake in Red Robin Gourmet Burgers by 0.9% in the second quarter. Texas Permanent School Fund now owns 9,396 shares of the restaurant operator’s stock valued at $613,000 after buying an additional 86 shares during the period. Arizona State Retirement System boosted its stake in Red Robin Gourmet Burgers by 1.5% in the first quarter. Arizona State Retirement System now owns 6,695 shares of the restaurant operator’s stock valued at $391,000 after buying an additional 100 shares during the period. Municipal Employees Retirement System of Michigan boosted its stake in Red Robin Gourmet Burgers by 3.8% in the second quarter. Municipal Employees Retirement System of Michigan now owns 3,040 shares of the restaurant operator’s stock valued at $198,000 after buying an additional 110 shares during the period. Finally, Teachers Advisors LLC boosted its stake in Red Robin Gourmet Burgers by 0.6% in the first quarter. Teachers Advisors LLC now owns 21,896 shares of the restaurant operator’s stock valued at $1,280,000 after buying an additional 126 shares during the period.

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) opened at 58.55 on Friday. The stock has a market cap of $756.88 million, a PE ratio of 90.78 and a beta of 0.62. Red Robin Gourmet Burgers, Inc. has a 52-week low of $40.85 and a 52-week high of $74.11. The company’s 50 day moving average is $60.60 and its 200-day moving average is $59.31.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last issued its quarterly earnings data on Tuesday, August 8th. The restaurant operator reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.10. The firm had revenue of $315.80 million for the quarter, compared to analyst estimates of $315.69 million. Red Robin Gourmet Burgers had a net margin of 0.64% and a return on equity of 8.00%. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.75 earnings per share. On average, equities analysts anticipate that Red Robin Gourmet Burgers, Inc. will post $2.75 earnings per share for the current year.

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Several analysts have recently weighed in on the stock. Maxim Group reissued a “buy” rating and issued a $80.00 price target (up previously from $75.00) on shares of Red Robin Gourmet Burgers in a research note on Wednesday, May 17th. Canaccord Genuity raised shares of Red Robin Gourmet Burgers from a “hold” rating to a “buy” rating and increased their price target for the company from $72.00 to $90.00 in a research note on Friday, May 26th. Raymond James Financial, Inc. set a $75.00 price target on shares of Red Robin Gourmet Burgers and gave the company a “buy” rating in a research note on Wednesday, August 9th. TheStreet cut shares of Red Robin Gourmet Burgers from a “b-” rating to a “c” rating in a research note on Wednesday, August 9th. Finally, Zacks Investment Research raised shares of Red Robin Gourmet Burgers from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $72.80.

In other Red Robin Gourmet Burgers news, Director Robert Blaine Aiken, Jr. sold 2,946 shares of the stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $71.80, for a total transaction of $211,522.80. Following the transaction, the director now owns 6,547 shares in the company, valued at $470,074.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Guy J. Constant purchased 2,500 shares of the stock in a transaction on Monday, August 14th. The shares were bought at an average price of $58.88 per share, for a total transaction of $147,200.00. The disclosure for this purchase can be found here. 2.66% of the stock is currently owned by company insiders.

Red Robin Gourmet Burgers Company Profile

Red Robin Gourmet Burgers, Inc, together with its subsidiaries, primarily develops, operates, and franchises full-service restaurants in North America and focuses on serving selection of gourmet burgers. The Company’s menu features a line of gourmet burgers, which it makes from ground beef, as well as its line of Red’s Tavern Double Burgers and its Red Robin’s line of half-pound Angus beef burgers with various toppings.

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Institutional Ownership by Quarter for Red Robin Gourmet Burgers (NASDAQ:RRGB)

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