Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) CEO Gerard Johan Hart Sells 11,467 Shares

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) CEO Gerard Johan Hart sold 11,467 shares of the firm’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $4.39, for a total transaction of $50,340.13. Following the completion of the transaction, the chief executive officer now owns 575,270 shares in the company, valued at $2,525,435.30. The trade was a 1.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Gerard Johan Hart also recently made the following trade(s):

• On Friday, March 14th, Gerard Johan Hart sold 11,997 shares of Red Robin Gourmet Burgers stock. The shares were sold at an average price of $4.46, for a total transaction of $53,506.62.

Red Robin Gourmet Burgers Price Performance

NASDAQ RRGB opened at $4.26 on Wednesday. The firm has a market capitalization of $74.41 million, a price-to-earnings ratio of -1.29 and a beta of 2.70. The company’s fifty day moving average is $5.28 and its two-hundred day moving average is $5.13. Red Robin Gourmet Burgers, Inc. has a 52-week low of $2.97 and a 52-week high of $9.20.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last issued its earnings results 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 analyst estimates of $285.20 million. During the same quarter in the prior year, the business posted ($0.66) EPS. As a group, sell-side analysts expect that Red Robin Gourmet Burgers, Inc. will post -2.94 earnings per share for the current fiscal year.

Institutional Trading of Red Robin Gourmet Burgers

Several institutional investors have recently made changes to their positions in RRGB. Quantbot Technologies LP acquired a new stake in shares of Red Robin Gourmet Burgers during the 3rd quarter valued at about $34,000. R Squared Ltd acquired a new stake in shares of Red Robin Gourmet Burgers during the 4th quarter valued at about $52,000. Wolverine Trading LLC bought a new position in Red Robin Gourmet Burgers during the 3rd quarter valued at about $55,000. Raymond James Financial Inc. bought a new position in Red Robin Gourmet Burgers during the 4th quarter valued at about $63,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Red Robin Gourmet Burgers in the fourth quarter worth about $64,000. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently issued reports on RRGB. StockNews.com lowered shares of Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a research note on Saturday, March 8th. CL King upgraded 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 research note on Thursday, February 27th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $13.38.

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.