Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) CEO Gerard Johan Hart Acquires 25,000 Shares

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB – Get Rating) CEO Gerard Johan Hart purchased 25,000 shares of the business’s stock in a transaction on Friday, March 10th. The stock was purchased at an average cost of $11.99 per share, for a total transaction of $299,750.00. Following the completion of the acquisition, the chief executive officer now directly owns 183,656 shares of the company’s stock, valued at approximately $2,202,035.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Red Robin Gourmet Burgers Stock Up 0.7 %

NASDAQ:RRGB opened at $10.99 on Wednesday. Red Robin Gourmet Burgers, Inc. has a 12 month low of $5.35 and a 12 month high of $18.64. The firm has a fifty day simple moving average of $9.36 and a 200-day simple moving average of $8.07. The company has a current ratio of 0.55, a quick ratio of 0.43 and a debt-to-equity ratio of 37.80.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. CL King assumed coverage on shares of Red Robin Gourmet Burgers in a report on Tuesday, December 20th. They issued a “neutral” rating on the stock. Jefferies Financial Group downgraded shares of Red Robin Gourmet Burgers from a “buy” rating to a “hold” rating in a research note on Wednesday, December 21st. Finally, Benchmark upgraded shares of Red Robin Gourmet Burgers from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research note on Wednesday, March 1st. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $14.00.

Institutional Investors Weigh In On Red Robin Gourmet Burgers

Several institutional investors and hedge funds have recently made changes to their positions in RRGB. JPMorgan Chase & Co. lifted its position in 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 purchasing an additional 45,852 shares during the period. Raymond James & Associates acquired a new position in Red Robin Gourmet Burgers during the first quarter valued at $172,000. Bank of New York Mellon Corp lifted its position in Red Robin Gourmet Burgers by 7.0% during the first quarter. Bank of New York Mellon Corp now owns 160,532 shares of the restaurant operator’s stock valued at $2,706,000 after purchasing an additional 10,489 shares during the period. Citigroup Inc. lifted its position in Red Robin Gourmet Burgers by 11.2% during the first quarter. Citigroup Inc. now owns 13,004 shares of the restaurant operator’s stock valued at $219,000 after purchasing an additional 1,309 shares during the period. Finally, MetLife Investment Management LLC lifted its position in Red Robin Gourmet Burgers by 366.4% during the first quarter. MetLife Investment Management LLC now owns 8,965 shares of the restaurant operator’s stock valued at $151,000 after purchasing an additional 7,043 shares during the period. 68.27% of the stock is currently owned by institutional investors and hedge funds.

About Red Robin Gourmet Burgers

(Get Rating)

Red Robin Gourmet Burgers, Inc develops, operates, and franchises full-service restaurants North America. It serves a variety of salads, soups, appetizers, other entrees, desserts, signature alcoholic and non-alcoholic beverages. The company was founded in September 1969 and is headquartered in Englewood, CO.