California Public Employees Retirement System boosted its position in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) by 4.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,300 shares of the restaurant operator’s stock after acquiring an additional 1,200 shares during the period. California Public Employees Retirement System owned 0.21% of Red Robin Gourmet Burgers worth $1,781,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio boosted its holdings in Red Robin Gourmet Burgers by 10.3% in the first quarter. Public Employees Retirement System of Ohio now owns 1,759 shares of the restaurant operator’s stock valued at $103,000 after acquiring an additional 164 shares during the last quarter. ClariVest Asset Management LLC bought a new position in Red Robin Gourmet Burgers in the second quarter valued at about $105,000. Acadian Asset Management LLC bought a new position in Red Robin Gourmet Burgers in the second quarter valued at about $149,000. Seven Eight Capital LP bought a new position in Red Robin Gourmet Burgers in the second quarter valued at about $163,000. Finally, State of Alaska Department of Revenue boosted its holdings in Red Robin Gourmet Burgers by 77.8% in the second quarter. State of Alaska Department of Revenue now owns 2,542 shares of the restaurant operator’s stock valued at $165,000 after acquiring an additional 1,112 shares during the last quarter.

ILLEGAL ACTIVITY WARNING: This news story was originally reported by Watch List News and is the sole property of of Watch List News. If you are accessing this news story on another site, it was stolen and reposted in violation of United States & international copyright & trademark law. The legal version of this news story can be viewed at https://www.watchlistnews.com/california-public-employees-retirement-system-purchases-1200-shares-of-red-robin-gourmet-burgers-inc-rrgb/1679847.html.

In other Red Robin Gourmet Burgers news, CFO Guy J. Constant purchased 2,500 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were bought at an average price of $58.88 per share, with a total value of $147,200.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.66% of the company’s stock.

Shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) opened at $66.95 on Friday. The company has a market capitalization of $865.53, a PE ratio of 30.02, a PEG ratio of 2.33 and a beta of 0.67. The company has a current ratio of 0.55, a quick ratio of 0.36 and a debt-to-equity ratio of 0.78. Red Robin Gourmet Burgers, Inc. has a 1 year low of $45.20 and a 1 year high of $74.11.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last released its quarterly earnings results on Tuesday, August 8th. The restaurant operator reported $0.61 EPS for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.10. The company had revenue of $315.80 million for the quarter, compared to analyst estimates of $315.69 million. Red Robin Gourmet Burgers had a return on equity of 8.00% and a net margin of 0.64%. Red Robin Gourmet Burgers’s revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.75 earnings per share. research analysts forecast that Red Robin Gourmet Burgers, Inc. will post 2.78 EPS for the current year.

RRGB has been the topic of several analyst reports. Canaccord Genuity reissued a “buy” rating and issued a $80.00 target price (down previously from $90.00) on shares of Red Robin Gourmet Burgers in a research note on Wednesday, August 9th. BTIG Research reissued a “buy” rating and issued a $70.00 target price (up previously from $64.00) on shares of Red Robin Gourmet Burgers in a research note on Tuesday, September 12th. Zacks Investment Research lowered Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. Maxim Group reissued a “buy” rating and issued a $75.00 target price (down previously from $80.00) on shares of Red Robin Gourmet Burgers in a research note on Tuesday, August 1st. Finally, BidaskClub lowered Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a research note on Sunday, July 16th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. Red Robin Gourmet Burgers has a consensus rating of “Hold” and an average price target of $71.73.

About Red Robin Gourmet Burgers

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.

Want to see what other hedge funds are holding RRGB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB).

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

Receive News & Ratings for Red Robin Gourmet Burgers Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Red Robin Gourmet Burgers Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.