Walleye Capital LLC Buys Shares of 15,515 Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB)

Walleye Capital LLC bought a new stake in shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGBGet Rating) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 15,515 shares of the restaurant operator’s stock, valued at approximately $125,000.

Several other large investors have also modified their holdings of RRGB. Rutabaga Capital Management LLC MA purchased a new position in shares of Red Robin Gourmet Burgers during the first quarter valued at approximately $5,358,000. Smith Graham & Co. Investment Advisors LP raised its stake in shares of Red Robin Gourmet Burgers by 27.3% during the second quarter. Smith Graham & Co. Investment Advisors LP now owns 667,210 shares of the restaurant operator’s stock valued at $5,358,000 after acquiring an additional 142,968 shares in the last quarter. Engineers Gate Manager LP raised its stake in shares of Red Robin Gourmet Burgers by 121.5% during the first quarter. Engineers Gate Manager LP now owns 110,598 shares of the restaurant operator’s stock valued at $1,865,000 after acquiring an additional 60,658 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Red Robin Gourmet Burgers by 121.7% during the first quarter. JPMorgan Chase & Co. now owns 83,528 shares of the restaurant operator’s stock valued at $1,408,000 after acquiring an additional 45,852 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in shares of Red Robin Gourmet Burgers by 33.3% during the second quarter. Assenagon Asset Management S.A. now owns 183,009 shares of the restaurant operator’s stock valued at $1,470,000 after acquiring an additional 45,731 shares in the last quarter. Hedge funds and other institutional investors own 79.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on RRGB. StockNews.com raised shares of Red Robin Gourmet Burgers from a “sell” rating to a “hold” rating in a research note on Friday, October 28th. Benchmark downgraded shares of Red Robin Gourmet Burgers from a “buy” rating to a “hold” rating in a research note on Thursday, August 11th.

Insider Buying and Selling

In other Red Robin Gourmet Burgers news, Director Thomas G. Conforti acquired 8,769 shares of Red Robin Gourmet Burgers stock in a transaction that occurred on Tuesday, November 8th. The stock was bought at an average price of $6.96 per share, with a total value of $61,032.24. Following the completion of the purchase, the director now directly owns 27,500 shares of the company’s stock, valued at approximately $191,400. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.30% of the stock is currently owned by insiders.

Red Robin Gourmet Burgers Stock Performance

Shares of NASDAQ:RRGB opened at $8.53 on Monday. The company has a market capitalization of $135.87 million, a price-to-earnings ratio of -2.45 and a beta of 2.42. Red Robin Gourmet Burgers, Inc. has a 52 week low of $5.95 and a 52 week high of $18.81. The company has a quick ratio of 0.41, a current ratio of 0.53 and a debt-to-equity ratio of 3.67. The firm has a 50 day moving average of $7.49 and a 200 day moving average of $8.21.

Red Robin Gourmet Burgers Profile

(Get Rating)

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 and shareable pizzas; various appetizers, salads, soups, sandwiches, seafood, and other entrees; and desserts, wings, milkshakes, alcoholic and non-alcoholic specialty drinks, cocktails, wine, and beers.

Featured Stories

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

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