Simcoe Capital LLC Invests $1.99 Million in Red Robin Gourmet Burgers, Inc. $RRGB

Simcoe Capital LLC acquired a new position in shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 491,157 shares of the restaurant operator’s stock, valued at approximately $1,989,000. Red Robin Gourmet Burgers makes up 1.9% of Simcoe Capital LLC’s holdings, making the stock its 28th largest position.

Other hedge funds also recently modified their holdings of the company. BNP Paribas Financial Markets increased its holdings in shares of Red Robin Gourmet Burgers by 503.0% during the second quarter. BNP Paribas Financial Markets now owns 5,379 shares of the restaurant operator’s stock worth $31,000 after buying an additional 4,487 shares in the last quarter. Osaic Holdings Inc. increased its holdings in shares of Red Robin Gourmet Burgers by 152.6% during the second quarter. Osaic Holdings Inc. now owns 10,055 shares of the restaurant operator’s stock worth $58,000 after buying an additional 6,075 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Red Robin Gourmet Burgers during the first quarter worth approximately $61,000. Jane Street Group LLC acquired a new stake in shares of Red Robin Gourmet Burgers in the first quarter valued at approximately $69,000. Finally, Sherbrooke Park Advisers LLC acquired a new stake in shares of Red Robin Gourmet Burgers in the third quarter valued at approximately $70,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Red Robin Gourmet Burgers in a report on Tuesday, April 21st. Benchmark lowered their price target on shares of Red Robin Gourmet Burgers from $12.00 to $8.00 and set a “buy” rating for the company in a report on Monday, April 20th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $7.50.

Red Robin Gourmet Burgers Stock Performance

Shares of RRGB stock opened at $3.65 on Wednesday. Red Robin Gourmet Burgers, Inc. has a 52-week low of $2.45 and a 52-week high of $7.89. The stock has a market cap of $66.19 million, a PE ratio of -2.79 and a beta of 2.36. The firm’s 50 day moving average price is $3.56 and its two-hundred day moving average price is $3.96.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last announced its quarterly earnings data on Wednesday, February 25th. The restaurant operator reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.13). The business had revenue of $269.04 million for the quarter, compared to analysts’ expectations of $264.26 million. As a group, sell-side analysts predict that Red Robin Gourmet Burgers, Inc. will post -0.43 earnings per share for the current fiscal year.

Red Robin Gourmet Burgers Company Profile

Red Robin Gourmet Burgers, Inc, trading on NASDAQ under the ticker RRGB, is a leading casual dining restaurant company headquartered in Greenwood Village, Colorado. The company specializes in offering a diverse menu centered on gourmet burgers, bottomless steak fries, salads, sandwiches and a selection of alcoholic beverages. Red Robin operates restaurants under its flagship Red Robin® brand, serving guests through both dine-in and off-premises channels, including delivery and carry-out. The company also leverages technology and loyalty programs to enhance the guest experience and drive repeat visits.

Founded in 1969 in Seattle, Washington, Red Robin began as a small tavern before evolving into a family-friendly restaurant concept focused on premium burgers.