Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) CFO Guy J. Constant acquired 2,500 shares of the business’s stock in a transaction on Monday, August 14th. The shares were purchased at an average price of $58.88 per share, for a total transaction of $147,200.00. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.

Red Robin Gourmet Burgers, Inc. (NASDAQ RRGB) traded down 1.35% on Tuesday, hitting $58.50. 194,833 shares of the stock were exchanged. The stock’s 50 day moving average price is $62.28 and its 200 day moving average price is $58.70. Red Robin Gourmet Burgers, Inc. has a 52-week low of $40.85 and a 52-week high of $74.11. The firm has a market cap of $756.23 million, a PE ratio of 90.70 and a beta of 0.62.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last issued its quarterly earnings data on Tuesday, August 8th. The restaurant operator reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.10. The firm had revenue of $315.80 million for the quarter, compared to analyst estimates of $315.69 million. Red Robin Gourmet Burgers had a net margin of 0.64% and a return on equity of 8.00%. Red Robin Gourmet Burgers’s revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.75 EPS. Equities research analysts forecast that Red Robin Gourmet Burgers, Inc. will post $2.75 earnings per share for the current year.

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RRGB has been the topic of a number of analyst reports. Bank of America Corporation boosted their price objective on shares of Red Robin Gourmet Burgers from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, May 25th. Zacks Investment Research cut shares of Red Robin Gourmet Burgers from a “buy” rating to a “sell” rating in a research report on Thursday, July 27th. BidaskClub cut shares of Red Robin Gourmet Burgers from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Maxim Group reiterated a “buy” rating and set a $80.00 price objective on shares of Red Robin Gourmet Burgers in a research report on Tuesday, May 23rd. Finally, Morgan Stanley boosted their price objective on shares of Red Robin Gourmet Burgers from $70.00 to $72.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 30th. One investment analyst has 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. The stock currently has an average rating of “Hold” and an average price target of $72.80.

A number of hedge funds have recently modified their holdings of the stock. Norges Bank bought a new stake in shares of Red Robin Gourmet Burgers during the fourth quarter valued at about $840,000. Parametric Portfolio Associates LLC raised its stake in shares of Red Robin Gourmet Burgers by 5.3% in the first quarter. Parametric Portfolio Associates LLC now owns 22,970 shares of the restaurant operator’s stock valued at $1,343,000 after buying an additional 1,147 shares during the period. Wealthsource Partners LLC raised its stake in shares of Red Robin Gourmet Burgers by 6.2% in the first quarter. Wealthsource Partners LLC now owns 6,905 shares of the restaurant operator’s stock valued at $404,000 after buying an additional 405 shares during the period. Thrivent Financial For Lutherans raised its stake in shares of Red Robin Gourmet Burgers by 5.1% in the first quarter. Thrivent Financial For Lutherans now owns 7,280 shares of the restaurant operator’s stock valued at $426,000 after buying an additional 350 shares during the period. Finally, Comerica Bank raised its stake in shares of Red Robin Gourmet Burgers by 4.3% in the first quarter. Comerica Bank now owns 48,974 shares of the restaurant operator’s stock valued at $2,926,000 after buying an additional 2,029 shares during the period.

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.

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