Colony Group LLC acquired a new stake in shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 23,490 shares of the restaurant operator’s stock, valued at approximately $1,574,000. Colony Group LLC owned 0.18% of Red Robin Gourmet Burgers as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. BlackRock Inc. raised its position in Red Robin Gourmet Burgers by 1.3% during the second quarter. BlackRock Inc. now owns 1,581,338 shares of the restaurant operator’s stock valued at $103,184,000 after purchasing an additional 20,059 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Red Robin Gourmet Burgers by 0.5% during the third quarter. Dimensional Fund Advisors LP now owns 1,084,594 shares of the restaurant operator’s stock valued at $72,667,000 after purchasing an additional 5,068 shares in the last quarter. Daruma Capital Management LLC raised its position in Red Robin Gourmet Burgers by 225.6% during the second quarter. Daruma Capital Management LLC now owns 856,225 shares of the restaurant operator’s stock valued at $55,869,000 after purchasing an additional 593,278 shares in the last quarter. Ameriprise Financial Inc. raised its position in Red Robin Gourmet Burgers by 5.8% during the third quarter. Ameriprise Financial Inc. now owns 803,475 shares of the restaurant operator’s stock valued at $53,833,000 after purchasing an additional 43,870 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in Red Robin Gourmet Burgers by 5.5% during the second quarter. Vanguard Group Inc. now owns 704,965 shares of the restaurant operator’s stock valued at $45,998,000 after purchasing an additional 36,847 shares in the last quarter.

A number of equities research analysts have weighed in on RRGB shares. BTIG Research restated a “buy” rating and set a $70.00 price target (up previously from $64.00) on shares of Red Robin Gourmet Burgers in a research report on Tuesday, September 12th. Canaccord Genuity restated a “buy” rating and set a $80.00 price target on shares of Red Robin Gourmet Burgers in a research report on Sunday, October 1st. Stifel Nicolaus started coverage on Red Robin Gourmet Burgers in a research report on Monday, October 2nd. They set a “hold” rating and a $62.00 price target on the stock. Zacks Investment Research upgraded Red Robin Gourmet Burgers from a “hold” rating to a “buy” rating and set a $73.00 price target on the stock in a research report on Tuesday, October 10th. Finally, Maxim Group restated a “buy” rating and set a $75.00 price target on shares of Red Robin Gourmet Burgers in a research report on Monday, October 30th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. Red Robin Gourmet Burgers currently has a consensus rating of “Hold” and a consensus target price of $69.00.

Red Robin Gourmet Burgers, Inc. (RRGB) opened at $53.60 on Friday. The company has a market capitalization of $693.58, a PE ratio of 25.78, a PEG ratio of 2.28 and a beta of 0.55. The company has a quick ratio of 0.37, a current ratio of 0.56 and a debt-to-equity ratio of 0.76. Red Robin Gourmet Burgers, Inc. has a twelve month low of $45.20 and a twelve month high of $74.11.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last released its quarterly earnings data on Monday, November 6th. The restaurant operator reported $0.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.09). The company had revenue of $304.20 million during the quarter, compared to analysts’ expectations of $308.44 million. Red Robin Gourmet Burgers had a return on equity of 7.32% and a net margin of 0.94%. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.38 EPS. research analysts expect that Red Robin Gourmet Burgers, Inc. will post 2.26 EPS for the current year.

In related news, COO Carin Stutz acquired 715 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The shares were purchased at an average price of $49.15 per share, for a total transaction of $35,142.25. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.66% of the stock is currently owned by insiders.

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Red Robin Gourmet Burgers Profile

Red Robin Gourmet Burgers, Inc, together with its subsidiaries, primarily develops, operates, and franchises full-service restaurants in North America and focuses on serving selection of gourmet burgers. The Company’s menu features a line of gourmet burgers, which it makes from ground beef, as well as its line of Red’s Tavern Double Burgers and its Red Robin’s line of half-pound Angus beef burgers with various toppings.

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Institutional Ownership by Quarter for Red Robin Gourmet Burgers (NASDAQ:RRGB)

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