Bank of New York Mellon Corp lifted its stake in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) by 2.0% during the 4th quarter, Holdings Channel reports. The firm owned 171,595 shares of the restaurant operator’s stock after acquiring an additional 3,284 shares during the period. Bank of New York Mellon Corp’s holdings in Red Robin Gourmet Burgers were worth $4,586,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of RRGB. Prudential Financial Inc. boosted its position in shares of Red Robin Gourmet Burgers by 219.0% in the 4th quarter. Prudential Financial Inc. now owns 177,095 shares of the restaurant operator’s stock worth $4,732,000 after purchasing an additional 121,578 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in Red Robin Gourmet Burgers during the fourth quarter worth about $3,132,000. Renaissance Technologies LLC bought a new position in Red Robin Gourmet Burgers during the third quarter worth about $4,475,000. Morgan Stanley lifted its holdings in Red Robin Gourmet Burgers by 281.7% during the third quarter. Morgan Stanley now owns 136,366 shares of the restaurant operator’s stock worth $5,475,000 after acquiring an additional 100,644 shares in the last quarter. Finally, BlackRock Inc. lifted its holdings in Red Robin Gourmet Burgers by 4.7% during the third quarter. BlackRock Inc. now owns 1,852,075 shares of the restaurant operator’s stock worth $74,361,000 after acquiring an additional 82,313 shares in the last quarter.

RRGB has been the topic of several recent analyst reports. Loop Capital reduced their target price on Red Robin Gourmet Burgers to $31.00 and set a “hold” rating on the stock in a report on Thursday, April 4th. BidaskClub upgraded Red Robin Gourmet Burgers from a “sell” rating to a “hold” rating in a report on Tuesday, February 12th. Zacks Investment Research upgraded Red Robin Gourmet Burgers from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 12th. Maxim Group lowered Red Robin Gourmet Burgers from a “buy” rating to a “hold” rating and reduced their target price for the stock from $46.00 to $29.00 in a report on Wednesday, February 27th. Finally, TheStreet lowered Red Robin Gourmet Burgers from a “c” rating to a “d+” rating in a report on Friday, March 15th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $40.80.

Shares of Red Robin Gourmet Burgers stock opened at $30.33 on Tuesday. The stock has a market capitalization of $385.28 million, a PE ratio of 17.76, a PEG ratio of 2.43 and a beta of 0.85. Red Robin Gourmet Burgers, Inc. has a one year low of $25.27 and a one year high of $67.10. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.42 and a current ratio of 0.58.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last issued its quarterly earnings results on Tuesday, February 26th. The restaurant operator reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.05. The company had revenue of $306.78 million for the quarter, compared to analyst estimates of $308.03 million. Red Robin Gourmet Burgers had a positive return on equity of 5.77% and a negative net margin of 0.48%. The company’s quarterly revenue was down 10.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.78 earnings per share. Analysts predict that Red Robin Gourmet Burgers, Inc. will post 1.26 earnings per share for the current fiscal year.

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Red Robin Gourmet Burgers Profile

Red Robin Gourmet Burgers, Inc, together with its subsidiaries, develops, operates, and franchises full-service and casual-dining restaurants in the United States and Canada. As of December 31, 2017, it operated 480 company-owned restaurants located in 39 states and 2 Canadian provinces; and had 86 casual-dining restaurants operated by franchisees in 15 states.

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

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