Red Robin Gourmet Burgers (NASDAQ:RRGB) CFO Sells $24,962.25 in Stock

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) CFO Joshua Todd Wilson sold 6,015 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $4.15, for a total value of $24,962.25. Following the transaction, the chief financial officer owned 195,487 shares in the company, valued at $811,271.05. The trade was a 2.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Red Robin Gourmet Burgers Stock Up 1.7%

Shares of Red Robin Gourmet Burgers stock traded up $0.07 during trading on Tuesday, reaching $4.08. The company’s stock had a trading volume of 127,945 shares, compared to its average volume of 506,214. Red Robin Gourmet Burgers, Inc. has a 12-month low of $2.50 and a 12-month high of $7.89. The business has a 50 day moving average price of $6.09 and a 200-day moving average price of $5.67. The company has a market capitalization of $73.29 million, a P/E ratio of -1.20 and a beta of 2.55.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last posted its quarterly earnings results on Monday, November 10th. The restaurant operator reported ($0.70) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.78) by $0.08. The company had revenue of $265.13 million for the quarter, compared to analyst estimates of $256.75 million. Red Robin Gourmet Burgers has set its FY 2025 guidance at EPS. Research analysts predict that Red Robin Gourmet Burgers, Inc. will post -2.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Red Robin Gourmet Burgers in a research report on Wednesday, October 8th. Zacks Research downgraded shares of Red Robin Gourmet Burgers from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 6th. Finally, Benchmark reaffirmed a “buy” rating on shares of Red Robin Gourmet Burgers in a research note on Monday. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Red Robin Gourmet Burgers presently has a consensus rating of “Hold” and an average target price of $11.00.

Institutional Investors Weigh In On Red Robin Gourmet Burgers

Several institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets boosted its position in Red Robin Gourmet Burgers by 503.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 5,379 shares of the restaurant operator’s stock worth $31,000 after purchasing an additional 4,487 shares during the period. Osaic Holdings Inc. lifted its stake in shares of Red Robin Gourmet Burgers by 152.6% in the second quarter. Osaic Holdings Inc. now owns 10,055 shares of the restaurant operator’s stock worth $58,000 after acquiring an additional 6,075 shares in the last quarter. Sherbrooke Park Advisers LLC acquired a new position in shares of Red Robin Gourmet Burgers in the 3rd quarter valued at approximately $70,000. Jump Financial LLC acquired a new stake in Red Robin Gourmet Burgers in the first quarter valued at $37,000. Finally, Granite Investment Partners LLC acquired a new position in Red Robin Gourmet Burgers during the 3rd quarter worth $73,000. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

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.