Bandera Partners LLC Invests $1.26 Million in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB)

Bandera Partners LLC acquired a new position in shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 229,598 shares of the restaurant operator’s stock, valued at approximately $1,260,000. Red Robin Gourmet Burgers makes up approximately 0.5% of Bandera Partners LLC’s investment portfolio, making the stock its 17th biggest holding. Bandera Partners LLC owned approximately 1.32% of Red Robin Gourmet Burgers at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new position in shares of Red Robin Gourmet Burgers during the third quarter worth $34,000. R Squared Ltd acquired a new stake in shares of Red Robin Gourmet Burgers during the fourth quarter valued at about $52,000. Wolverine Trading LLC bought a new stake in shares of Red Robin Gourmet Burgers during the third quarter worth about $55,000. Raymond James Financial Inc. acquired a new position in shares of Red Robin Gourmet Burgers in the fourth quarter valued at approximately $63,000. Finally, XTX Topco Ltd raised its holdings in Red Robin Gourmet Burgers by 139.9% in the 3rd quarter. XTX Topco Ltd now owns 79,246 shares of the restaurant operator’s stock valued at $349,000 after buying an additional 46,219 shares during the last quarter. Institutional investors own 84.04% of the company’s stock.

Red Robin Gourmet Burgers Stock Performance

NASDAQ:RRGB opened at $3.56 on Tuesday. Red Robin Gourmet Burgers, Inc. has a fifty-two week low of $2.97 and a fifty-two week high of $9.20. The company has a 50 day simple moving average of $5.02 and a two-hundred day simple moving average of $5.18. The company has a market capitalization of $62.18 million, a PE ratio of -1.08 and a beta of 2.70.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last posted its quarterly earnings data on Wednesday, February 26th. The restaurant operator reported ($0.94) earnings per share for the quarter, missing the consensus estimate of ($0.50) by ($0.44). The firm had revenue of $285.23 million for the quarter, compared to the consensus estimate of $285.20 million. During the same period in the previous year, the business posted ($0.66) EPS. Research analysts predict that Red Robin Gourmet Burgers, Inc. will post -2.94 EPS for the current year.

Insider Transactions at Red Robin Gourmet Burgers

In other Red Robin Gourmet Burgers news, CEO Gerard Johan Hart sold 11,467 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $4.39, for a total transaction of $50,340.13. Following the transaction, the chief executive officer now directly owns 575,270 shares in the company, valued at approximately $2,525,435.30. This represents a 1.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders sold 52,759 shares of company stock valued at $227,353. Corporate insiders own 3.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. CL King raised shares of Red Robin Gourmet Burgers from a “neutral” rating to a “buy” rating and set a $10.00 target price on the stock in a report on Thursday, February 27th. StockNews.com downgraded Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a report on Saturday, March 8th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $13.38.

Red Robin Gourmet Burgers 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.