Public Employees Retirement System of Ohio raised its position in shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) by 6.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,871 shares of the restaurant operator’s stock after buying an additional 112 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Red Robin Gourmet Burgers were worth $122,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. BlackRock Inc. lifted its stake in Red Robin Gourmet Burgers by 1.3% during the second quarter. BlackRock Inc. now owns 1,581,338 shares of the restaurant operator’s stock valued at $103,184,000 after buying an additional 20,059 shares in the last quarter. Daruma Capital Management LLC lifted its position 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 purchasing an additional 593,278 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Red Robin Gourmet Burgers by 5.5% in the second quarter. Vanguard Group Inc. now owns 704,965 shares of the restaurant operator’s stock worth $45,998,000 after purchasing an additional 36,847 shares in the last quarter. Hood River Capital Management LLC lifted its position in shares of Red Robin Gourmet Burgers by 2.3% in the second quarter. Hood River Capital Management LLC now owns 371,337 shares of the restaurant operator’s stock worth $24,230,000 after purchasing an additional 8,448 shares in the last quarter. Finally, State Street Corp lifted its position in shares of Red Robin Gourmet Burgers by 1.1% in the second quarter. State Street Corp now owns 304,521 shares of the restaurant operator’s stock worth $19,872,000 after purchasing an additional 3,409 shares in the last quarter.

A number of research firms have recently issued reports on RRGB. TheStreet lowered shares of Red Robin Gourmet Burgers from a “b-” rating to a “c” rating in a research report on Wednesday, August 9th. Zacks Investment Research raised shares of Red Robin Gourmet Burgers from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. Raymond James Financial, Inc. set a $75.00 price target on shares of Red Robin Gourmet Burgers and gave the stock a “buy” rating in a research report on Wednesday, August 9th. Canaccord Genuity reissued a “buy” rating and issued a $80.00 price target (down from $90.00) on shares of Red Robin Gourmet Burgers in a research report on Wednesday, August 9th. Finally, Maxim Group reissued a “buy” rating and issued a $75.00 price target on shares of Red Robin Gourmet Burgers in a research report on Wednesday, August 9th. Two equities research 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. The stock currently has a consensus rating of “Hold” and a consensus target price of $69.00.

In other Red Robin Gourmet Burgers news, COO Carin Stutz acquired 715 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The shares were purchased at an average price 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 link. 2.66% of the stock is currently owned by company insiders.

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) opened at $50.60 on Monday. The firm has a market cap of $654.56, a P/E ratio of 24.56, a P/E/G ratio of 2.17 and a beta of 0.67. The company has a current ratio of 0.56, a quick ratio of 0.37 and a debt-to-equity ratio of 0.76. Red Robin Gourmet Burgers, Inc. has a 52-week low of $45.20 and a 52-week high of $74.11.

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

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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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