Oregon Public Employees Retirement Fund raised its position in shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) by 21.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,326 shares of the restaurant operator’s stock after buying an additional 1,100 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Red Robin Gourmet Burgers were worth $83,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio boosted its holdings in Red Robin Gourmet Burgers by 389.6% in the second quarter. Public Employees Retirement System of Ohio now owns 2,766 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 2,201 shares during the last quarter. Advisor Group Holdings Inc. boosted its holdings in Red Robin Gourmet Burgers by 1,559.0% in the second quarter. Advisor Group Holdings Inc. now owns 2,953 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 2,775 shares during the last quarter. Royal Bank of Canada boosted its holdings in Red Robin Gourmet Burgers by 774.8% in the first quarter. Royal Bank of Canada now owns 4,969 shares of the restaurant operator’s stock valued at $42,000 after purchasing an additional 4,401 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in Red Robin Gourmet Burgers by 393.4% in the third quarter. BNP Paribas Arbitrage SA now owns 3,538 shares of the restaurant operator’s stock valued at $47,000 after purchasing an additional 2,821 shares during the last quarter. Finally, HighTower Advisors LLC purchased a new stake in Red Robin Gourmet Burgers in the second quarter valued at $104,000. Institutional investors own 93.90% of the company’s stock.

Several equities research analysts have commented on RRGB shares. ValuEngine raised shares of Red Robin Gourmet Burgers from a “buy” rating to a “strong-buy” rating in a report on Friday, November 6th. Morgan Stanley upped their price target on shares of Red Robin Gourmet Burgers from $11.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 14th. Raymond James restated a “hold” rating on shares of Red Robin Gourmet Burgers in a research report on Wednesday, August 12th. Finally, Zacks Investment Research upgraded shares of Red Robin Gourmet Burgers from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research report on Tuesday, October 20th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Red Robin Gourmet Burgers presently has an average rating of “Hold” and a consensus price target of $12.80.

RRGB opened at $18.52 on Friday. Red Robin Gourmet Burgers, Inc. has a one year low of $4.04 and a one year high of $37.29. The company has a market cap of $287.84 million, a P/E ratio of -1.01 and a beta of 2.40. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.40 and a current ratio of 0.52. The business’s 50-day simple moving average is $14.24 and its 200-day simple moving average is $12.24.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last released its quarterly earnings data on Thursday, November 5th. The restaurant operator reported ($0.19) EPS for the quarter, beating analysts’ consensus estimates of ($1.36) by $1.17. Red Robin Gourmet Burgers had a negative return on equity of 52.03% and a negative net margin of 22.56%. The business had revenue of $200.50 million for the quarter, compared to the consensus estimate of $206.20 million. During the same quarter in the prior year, the business posted ($0.24) EPS. The business’s revenue for the quarter was down 31.8% on a year-over-year basis. As a group, analysts predict that Red Robin Gourmet Burgers, Inc. will post -11.05 earnings per share for the current fiscal year.

Red Robin Gourmet Burgers Company Profile

Red Robin Gourmet Burgers, Inc, together with its subsidiaries, develops, operates, and franchises full-service and casual-dining restaurants. The company's restaurants primarily offer burgers; various appetizers, salads, soups, seafood, and other entrees; and desserts, milkshakes, alcoholic and non-alcoholic specialty drinks, cocktails, wine, and beers.

Featured Article: What is the definition of market timing?

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

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