KCG Holdings Inc. reduced its position in shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) by 1.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,766 shares of the restaurant operator’s stock after selling 98 shares during the period. KCG Holdings Inc.’s holdings in Red Robin Gourmet Burgers were worth $337,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA raised its stake in Red Robin Gourmet Burgers by 1.2% in the first quarter. BNP Paribas Arbitrage SA now owns 4,218 shares of the restaurant operator’s stock worth $247,000 after buying an additional 51 shares during the period. Thrivent Financial for Lutherans raised its stake in Red Robin Gourmet Burgers by 1.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 6,930 shares of the restaurant operator’s stock worth $391,000 after buying an additional 100 shares during the period. Arizona State Retirement System raised its stake in Red Robin Gourmet Burgers by 1.5% in the first quarter. Arizona State Retirement System now owns 6,695 shares of the restaurant operator’s stock worth $391,000 after buying an additional 100 shares during the period. Teachers Advisors LLC raised its stake in Red Robin Gourmet Burgers by 0.6% in the first quarter. Teachers Advisors LLC now owns 21,896 shares of the restaurant operator’s stock worth $1,280,000 after buying an additional 126 shares during the period. Finally, Mason Street Advisors LLC raised its stake in Red Robin Gourmet Burgers by 7.0% in the first quarter. Mason Street Advisors LLC now owns 3,007 shares of the restaurant operator’s stock worth $176,000 after buying an additional 197 shares during the period.
Shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) opened at 64.50 on Friday. The company’s 50 day moving average price is $65.77 and its 200 day moving average price is $57.59. The company has a market cap of $830.05 million, a price-to-earnings ratio of 94.57 and a beta of 0.64. Red Robin Gourmet Burgers, Inc. has a 12 month low of $40.85 and a 12 month high of $74.11.
Red Robin Gourmet Burgers (NASDAQ:RRGB) last posted its earnings results on Tuesday, May 16th. The restaurant operator reported $0.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.31. The company had revenue of $418.60 million for the quarter, compared to analysts’ expectations of $416.48 million. Red Robin Gourmet Burgers had a return on equity of 8.73% and a net margin of 0.69%. Red Robin Gourmet Burgers’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period last year, the firm earned $1.27 earnings per share. On average, equities analysts expect that Red Robin Gourmet Burgers, Inc. will post $2.93 EPS for the current fiscal year.
Several brokerages recently commented on RRGB. Maxim Group restated a “buy” rating and set a $80.00 target price (up previously from $75.00) on shares of Red Robin Gourmet Burgers in a research report on Wednesday, May 17th. Canaccord Genuity upgraded Red Robin Gourmet Burgers from a “hold” rating to a “buy” rating and upped their target price for the company from $72.00 to $90.00 in a research report on Friday, May 26th. TheStreet upgraded Red Robin Gourmet Burgers from a “c” rating to a “b-” rating in a research report on Thursday, May 18th. Zacks Investment Research upgraded Red Robin Gourmet Burgers from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a research report on Friday, May 19th. Finally, Wells Fargo & Company restated a “market perform” rating and set a $70.00 target price on shares of Red Robin Gourmet Burgers in a research report on Thursday, May 25th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $74.22.
In other Red Robin Gourmet Burgers news, Director Glenn B. Kaufman sold 4,000 shares of Red Robin Gourmet Burgers stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $72.25, for a total transaction of $289,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robert Blaine Aiken, Jr. sold 2,946 shares of Red Robin Gourmet Burgers stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $71.80, for a total value of $211,522.80. Following the sale, the director now directly owns 6,547 shares in the company, valued at $470,074.60. The disclosure for this sale can be found here. 2.66% of the stock is owned by company insiders.
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.
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