Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) Insider Jumana Capital Investments Llc Buys 45,000 Shares of Stock

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) insider Jumana Capital Investments Llc bought 45,000 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were acquired at an average price of $5.18 per share, for a total transaction of $233,100.00. Following the completion of the purchase, the insider now owns 814,452 shares in the company, valued at approximately $4,218,861.36. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

Jumana Capital Investments Llc also recently made the following trade(s):

• On Tuesday, November 5th, Jumana Capital Investments Llc acquired 250 shares of Red Robin Gourmet Burgers stock. The shares were acquired at an average cost of $5.99 per share, for a total transaction of $1,497.50.
• On Tuesday, October 15th, Jumana Capital Investments Llc bought 893 shares of Red Robin Gourmet Burgers stock. The shares were bought at an average price of $5.59 per share, for a total transaction of $4,991.87.

Red Robin Gourmet Burgers Stock Performance

Shares of Red Robin Gourmet Burgers stock opened at $5.20 on Friday. The stock has a market cap of $81.90 million, a P/E ratio of -1.99 and a beta of 2.71. The stock’s fifty day moving average is $4.75 and its 200 day moving average is $5.94. Red Robin Gourmet Burgers, Inc. has a one year low of $2.97 and a one year high of $12.80.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last announced its quarterly earnings data on Wednesday, November 6th. The restaurant operator reported ($1.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.87) by ($0.26). The company had revenue of $274.64 million during the quarter, compared to the consensus estimate of $271.64 million. Analysts predict that Red Robin Gourmet Burgers, Inc. will post -2.37 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on RRGB. Lake Street Capital dropped their price target on Red Robin Gourmet Burgers from $17.00 to $16.00 and set a “buy” rating on the stock in a research note on Friday, August 23rd. Benchmark dropped their target price on Red Robin Gourmet Burgers from $18.00 to $16.00 and set a “buy” rating on the stock in a research report on Tuesday, August 20th. Finally, Craig Hallum lowered their price objective on shares of Red Robin Gourmet Burgers from $15.00 to $11.50 and set a “buy” rating on the stock in a research note on Friday, August 23rd.

Institutional Trading of Red Robin Gourmet Burgers

A number of hedge funds and other institutional investors have recently modified their holdings of RRGB. Headlands Technologies LLC purchased a new position in Red Robin Gourmet Burgers in the 1st quarter worth approximately $25,000. Quarry LP bought a new stake in shares of Red Robin Gourmet Burgers during the second quarter valued at approximately $25,000. Point72 DIFC Ltd bought a new stake in shares of Red Robin Gourmet Burgers during the second quarter valued at approximately $55,000. Virtu Financial LLC purchased a new position in shares of Red Robin Gourmet Burgers in the first quarter worth $149,000. Finally, Quadrature Capital Ltd purchased a new position in Red Robin Gourmet Burgers during the first quarter valued at $166,000. 84.04% of the stock is owned by hedge funds and other institutional investors.

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.