Jumana Capital Investments Llc Acquires 800,454 Shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) Stock

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) insider Jumana Capital Investments Llc acquired 800,454 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was acquired at an average cost of $5.19 per share, with a total value of $4,154,356.26. Following the completion of the purchase, the insider now owns 1,614,906 shares of the company’s stock, valued at $8,381,362.14. This trade represents a 98.28 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Thursday, November 7th, Jumana Capital Investments Llc purchased 45,000 shares of Red Robin Gourmet Burgers stock. The stock was acquired at an average price of $5.18 per share, with a total value of $233,100.00.
• On Tuesday, November 5th, Jumana Capital Investments Llc acquired 250 shares of Red Robin Gourmet Burgers stock. The shares were acquired at an average price of $5.99 per share, for a total transaction of $1,497.50.
• On Tuesday, October 15th, Jumana Capital Investments Llc acquired 893 shares of Red Robin Gourmet Burgers stock. The stock was acquired at an average cost of $5.59 per share, with a total value of $4,991.87.

Red Robin Gourmet Burgers Trading Down 3.6 %

NASDAQ RRGB opened at $5.59 on Friday. The firm’s fifty day simple moving average is $5.45 and its two-hundred day simple moving average is $5.65. The firm has a market capitalization of $88.19 million, a P/E ratio of -1.70 and a beta of 2.68. Red Robin Gourmet Burgers, Inc. has a 12-month low of $2.97 and a 12-month high of $12.80.

Analyst Upgrades and Downgrades

Several analysts have issued reports on RRGB shares. 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. Lake Street Capital dropped their price objective on Red Robin Gourmet Burgers from $17.00 to $16.00 and set a “buy” rating on the stock in a research report on Friday, August 23rd. Finally, Craig Hallum reduced their target price on shares of Red Robin Gourmet Burgers from $15.00 to $11.50 and set a “buy” rating for the company in a report on Friday, August 23rd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quarry LP purchased a new stake in Red Robin Gourmet Burgers in the second quarter valued at about $25,000. Point72 DIFC Ltd acquired a new position in shares of Red Robin Gourmet Burgers during the second quarter valued at about $55,000. Quantbot Technologies LP acquired a new position in shares of Red Robin Gourmet Burgers during the third quarter valued at about $34,000. Wolverine Trading LLC purchased a new position in shares of Red Robin Gourmet Burgers in the 3rd quarter valued at approximately $55,000. Finally, Virtu Financial LLC acquired a new stake in Red Robin Gourmet Burgers in the 1st quarter worth approximately $149,000. 84.04% of the stock is currently 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.