Auxier Asset Management lowered its holdings in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) by 29.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,300 shares of the restaurant operator’s stock after selling 3,000 shares during the quarter. Auxier Asset Management owned 0.06% of Red Robin Gourmet Burgers worth $476,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the business. Parametric Portfolio Associates LLC raised its stake in shares of Red Robin Gourmet Burgers by 5.3% during the 1st quarter. Parametric Portfolio Associates LLC now owns 22,970 shares of the restaurant operator’s stock worth $1,343,000 after buying an additional 1,147 shares during the last quarter. Crawford Lake Capital Management LLC acquired a new position in shares of Red Robin Gourmet Burgers during the 2nd quarter worth $2,084,000. Thrivent Financial For Lutherans raised its stake in shares of Red Robin Gourmet Burgers by 5.1% during the 1st quarter. Thrivent Financial For Lutherans now owns 7,280 shares of the restaurant operator’s stock worth $426,000 after buying an additional 350 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Red Robin Gourmet Burgers by 11.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 108,295 shares of the restaurant operator’s stock worth $7,067,000 after buying an additional 11,261 shares during the last quarter. Finally, Caldwell & Orkin Inc. acquired a new position in shares of Red Robin Gourmet Burgers during the 2nd quarter worth $998,000.

RRGB has been the subject of several research reports. BidaskClub downgraded Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a research note on Sunday, July 16th. Raymond James Financial, Inc. reaffirmed a “strong-buy” rating and set a $85.00 price target on shares of Red Robin Gourmet Burgers in a research note on Tuesday, July 25th. Maxim Group reaffirmed a “buy” rating and set a $75.00 price target (down previously from $80.00) on shares of Red Robin Gourmet Burgers in a research note on Tuesday, August 1st. Stifel Nicolaus initiated coverage on Red Robin Gourmet Burgers in a research note on Monday, October 2nd. They set a “hold” rating and a $62.00 price target for the company. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $80.00 price target (down previously from $90.00) on shares of Red Robin Gourmet Burgers in a research note on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $71.73.

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In related news, CFO Guy J. Constant bought 2,500 shares of Red Robin Gourmet Burgers stock in a transaction dated Monday, August 14th. The stock was acquired at an average cost of $58.88 per share, with a total value of $147,200.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.66% of the company’s stock.

Shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) traded down 0.77% on Friday, reaching $64.05. 277,245 shares of the company traded hands. The company has a market capitalization of $827.97 million, a PE ratio of 99.30 and a beta of 0.65. Red Robin Gourmet Burgers, Inc. has a 52-week low of $40.85 and a 52-week high of $74.11. The firm has a 50-day moving average of $61.98 and a 200-day moving average of $62.26.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last announced its earnings results on Tuesday, August 8th. The restaurant operator reported $0.61 EPS for the quarter, beating the consensus estimate of $0.51 by $0.10. Red Robin Gourmet Burgers had a return on equity of 8.00% and a net margin of 0.64%. The business had revenue of $315.80 million during the quarter, compared to the consensus estimate of $315.69 million. During the same period in the prior year, the business posted $0.75 earnings per share. Red Robin Gourmet Burgers’s revenue was up 3.4% compared to the same quarter last year. On average, equities research analysts forecast that Red Robin Gourmet Burgers, Inc. will post $2.80 earnings per share for the current fiscal year.

About Red Robin Gourmet Burgers

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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