USA Financial Portformulas Corp acquired a new position in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 7,012 shares of the restaurant operator’s stock, valued at approximately $458,000. USA Financial Portformulas Corp owned 0.05% of Red Robin Gourmet Burgers at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of RRGB. BlackRock Inc. lifted its stake in shares of Red Robin Gourmet Burgers by 43,842.6% in the first quarter. BlackRock Inc. now owns 1,561,279 shares of the restaurant operator’s stock worth $91,256,000 after acquiring an additional 1,557,726 shares during the period. Daruma Capital Management LLC lifted its stake in shares of Red Robin Gourmet Burgers by 225.6% in the second quarter. Daruma Capital Management LLC now owns 856,225 shares of the restaurant operator’s stock worth $55,869,000 after acquiring an additional 593,278 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Red Robin Gourmet Burgers by 29.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,084,203 shares of the restaurant operator’s stock worth $63,371,000 after acquiring an additional 246,178 shares during the period. Monarch Partners Asset Management LLC lifted its stake in shares of Red Robin Gourmet Burgers by 200.1% in the second quarter. Monarch Partners Asset Management LLC now owns 242,662 shares of the restaurant operator’s stock worth $15,834,000 after acquiring an additional 161,802 shares during the period. Finally, Falcon Point Capital LLC acquired a new position in shares of Red Robin Gourmet Burgers in the second quarter worth approximately $9,414,000.

Shares of Red Robin Gourmet Burgers, Inc. (RRGB) traded up 0.709% during trading on Thursday, hitting $67.425. The stock had a trading volume of 13,557 shares. The stock has a market capitalization of $871.60 million, a price-to-earnings ratio of 104.535 and a beta of 0.65. The firm has a 50 day moving average price of $62.54 and a 200-day moving average price of $62.43. Red Robin Gourmet Burgers, Inc. has a 52 week low of $40.85 and a 52 week high of $74.11.

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

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A number of equities analysts recently commented on RRGB shares. BidaskClub lowered 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 issued a $85.00 price objective on shares of Red Robin Gourmet Burgers in a research note on Tuesday, July 25th. Maxim Group reaffirmed a “buy” rating and issued a $75.00 price objective (down from $80.00) on shares of Red Robin Gourmet Burgers in a research note on Tuesday, August 1st. Stifel Nicolaus started coverage on Red Robin Gourmet Burgers in a research note on Monday, October 2nd. They issued a “hold” rating and a $62.00 price objective on the stock. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $80.00 price objective (down from $90.00) on shares of Red Robin Gourmet Burgers in a research note on Wednesday, August 9th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. Red Robin Gourmet Burgers presently has an average rating of “Hold” and an average price target of $71.73.

In other news, CFO Guy J. Constant bought 2,500 shares of the stock in a transaction dated Monday, August 14th. The stock was bought at an average price of $58.88 per share, for a total transaction of $147,200.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 2.66% of the company’s stock.

Red Robin Gourmet Burgers 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.

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

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