Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) COO Carin Stutz bought 715 shares of the business’s stock in a transaction dated Tuesday, November 14th. The shares were purchased at an average cost of $49.15 per share, with a total value of $35,142.25. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Red Robin Gourmet Burgers, Inc. (RRGB) traded up $1.65 during midday trading on Friday, reaching $50.60. 443,168 shares of the company traded hands, compared to its average volume of 609,592. The stock has a market cap of $654.15, a price-to-earnings ratio of 24.05, a PEG ratio of 2.12 and a beta of 0.67. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.37 and a current ratio of 0.56. Red Robin Gourmet Burgers, Inc. has a 12 month low of $45.20 and a 12 month high of $74.11.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last announced its earnings results on Monday, November 6th. The restaurant operator reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.09). Red Robin Gourmet Burgers had a return on equity of 7.32% and a net margin of 0.94%. The business had revenue of $304.20 million for the quarter, compared to analyst estimates of $308.44 million. During the same period last year, the firm earned $0.38 EPS. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. research analysts predict that Red Robin Gourmet Burgers, Inc. will post 2.26 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This story was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this story on another site, it was stolen and reposted in violation of US & international copyright legislation. The original version of this story can be read at https://www.thecerbatgem.com/2017/11/18/red-robin-gourmet-burgers-inc-rrgb-coo-carin-stutz-purchases-715-shares.html.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Colony Group LLC acquired a new stake in Red Robin Gourmet Burgers during the 3rd quarter worth $1,574,000. California Public Employees Retirement System boosted its stake in Red Robin Gourmet Burgers by 11.4% during the 3rd quarter. California Public Employees Retirement System now owns 30,409 shares of the restaurant operator’s stock worth $2,037,000 after purchasing an additional 3,109 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in Red Robin Gourmet Burgers by 18.3% during the 3rd quarter. Janney Montgomery Scott LLC now owns 8,340 shares of the restaurant operator’s stock worth $559,000 after purchasing an additional 1,289 shares during the last quarter. Highbridge Capital Management LLC boosted its stake in Red Robin Gourmet Burgers by 1,043.9% during the 3rd quarter. Highbridge Capital Management LLC now owns 110,000 shares of the restaurant operator’s stock worth $7,370,000 after purchasing an additional 100,384 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. boosted its stake in Red Robin Gourmet Burgers by 1,578.6% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 70,500 shares of the restaurant operator’s stock worth $4,723,000 after purchasing an additional 66,300 shares during the last quarter.

Several equities analysts have recently weighed in on RRGB shares. Canaccord Genuity reaffirmed a “buy” rating and set a $80.00 target price (down from $90.00) on shares of Red Robin Gourmet Burgers in a report on Wednesday, August 9th. BTIG Research reaffirmed a “buy” rating and set a $70.00 target price (up from $64.00) on shares of Red Robin Gourmet Burgers in a report on Tuesday, September 12th. Zacks Investment Research lowered shares of Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a report on Wednesday, October 18th. Jefferies Group LLC cut their target price on shares of Red Robin Gourmet Burgers from $61.00 to $58.00 and set a “hold” rating for the company in a report on Tuesday, November 7th. Finally, Maxim Group reaffirmed a “buy” rating and set a $75.00 target price (down from $80.00) on shares of Red Robin Gourmet Burgers in a report on Tuesday, August 1st. Two analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. Red Robin Gourmet Burgers presently has an average rating of “Hold” and a consensus target price of $69.00.

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.

Receive News & Stock Ratings for Red Robin Gourmet Burgers Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Red Robin Gourmet Burgers Inc. and related stocks with our FREE daily email newsletter.