Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) CEO Gerard Johan Hart Sells 8,627 Shares

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) CEO Gerard Johan Hart sold 8,627 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $4.16, for a total value of $35,888.32. Following the transaction, the chief executive officer now owns 556,225 shares in the company, valued at approximately $2,313,896. This represents a 1.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Friday, March 21st, Gerard Johan Hart sold 10,418 shares of Red Robin Gourmet Burgers stock. The stock was sold at an average price of $4.16, for a total value of $43,338.88.
• On Monday, March 17th, Gerard Johan Hart sold 11,467 shares of Red Robin Gourmet Burgers stock. The stock was sold at an average price of $4.39, for a total value of $50,340.13.
• 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

Shares of Red Robin Gourmet Burgers stock traded down $0.12 during trading on Tuesday, hitting $4.11. 157,201 shares of the stock were exchanged, compared to its average volume of 441,131. The firm’s 50-day moving average price is $5.19 and its 200 day moving average price is $5.15. The stock has a market cap of $71.79 million, a price-to-earnings ratio of -1.25 and a beta of 2.70. Red Robin Gourmet Burgers, Inc. has a 12-month low of $2.97 and a 12-month high of $9.20.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last announced its quarterly earnings results on Wednesday, February 26th. The restaurant operator reported ($0.94) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.50) by ($0.44). The company had revenue of $285.23 million for the quarter, compared to analysts’ expectations of $285.20 million. During the same period in the previous year, the business posted ($0.66) earnings per share. As a group, research analysts forecast that Red Robin Gourmet Burgers, Inc. will post -2.94 earnings per share for the current year.

Hedge Funds Weigh In On Red Robin Gourmet Burgers

Institutional investors have recently modified their holdings of the business. Quantbot Technologies LP acquired a new stake in shares of Red Robin Gourmet Burgers during the third quarter worth about $34,000. R Squared Ltd acquired a new position in shares of Red Robin Gourmet Burgers in the fourth quarter valued at approximately $52,000. Wolverine Trading LLC purchased a new stake in shares of Red Robin Gourmet Burgers during the third quarter worth approximately $55,000. Raymond James Financial Inc. purchased a new position in Red Robin Gourmet Burgers in the 4th quarter valued at $63,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Red Robin Gourmet Burgers in the 4th quarter valued at $64,000. 84.04% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

RRGB has been the topic of a number of research analyst reports. StockNews.com downgraded Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a research report on Saturday, March 8th. CL King raised 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 report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.