Red Robin Gourmet Burgers, Inc. $RRGB Shares Acquired by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. increased its holdings in shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) by 38.8% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 84,625 shares of the restaurant operator’s stock after purchasing an additional 23,638 shares during the quarter. Goldman Sachs Group Inc. owned 0.48% of Red Robin Gourmet Burgers worth $301,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Jump Financial LLC acquired a new position in shares of Red Robin Gourmet Burgers in the first quarter worth about $37,000. XTX Topco Ltd acquired a new position in shares of Red Robin Gourmet Burgers in the first quarter worth about $49,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Red Robin Gourmet Burgers in the first quarter worth about $61,000. Jane Street Group LLC acquired a new stake in Red Robin Gourmet Burgers during the first quarter valued at approximately $69,000. Finally, Northern Trust Corp raised its position in shares of Red Robin Gourmet Burgers by 11.9% during the 4th quarter. Northern Trust Corp now owns 32,258 shares of the restaurant operator’s stock worth $177,000 after purchasing an additional 3,427 shares during the period. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Red Robin Gourmet Burgers Stock Up 3.6%

Shares of NASDAQ:RRGB opened at $6.98 on Friday. Red Robin Gourmet Burgers, Inc. has a 12-month low of $2.50 and a 12-month high of $7.89. The firm has a market cap of $125.01 million, a P/E ratio of -2.05 and a beta of 2.45. The business has a fifty day simple moving average of $6.40 and a 200 day simple moving average of $4.99.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last announced its earnings results on Wednesday, August 13th. The restaurant operator reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.51. The business had revenue of $283.70 million during the quarter, compared to analysts’ expectations of $279.17 million. Red Robin Gourmet Burgers has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that Red Robin Gourmet Burgers, Inc. will post -2.94 EPS for the current year.

Insider Buying and Selling

In related news, Director Christopher Ross Martin bought 34,649 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were bought at an average cost of $6.29 per share, for a total transaction of $217,942.21. Following the completion of the transaction, the director owned 1,667,906 shares of the company’s stock, valued at approximately $10,491,128.74. This trade represents a 2.12% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.64% of the company’s stock.

Analysts Set New Price Targets

Separately, Benchmark reissued a “buy” rating and set a $12.00 price objective on shares of Red Robin Gourmet Burgers in a research note on Wednesday, July 16th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $11.00.

Red Robin Gourmet Burgers Company Profile

Red Robin Gourmet Burgers, Inc, together with its subsidiaries, develops, operates, and franchises casual-dining restaurants, in North America and one Canadian province. Its restaurants primarily offer burgers and pizza, appetizers, salads, soups, other entrees, desserts, wings, milkshakes, alcoholic and non-alcoholic specialty drinks, cocktails, wine, and beers.