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
About Red Robin Gourmet Burgers
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.
- Get a free copy of the StockNews.com research report on Red Robin Gourmet Burgers (RRGB)
- Monoclonal Antibodies? Avid Bioservices surges 32% on Blowout Q3
- GitLab Crashes On Guidance; Analysts Defend
- Healthcare Stocks With at Least 30 Years of Dividend Increases
- Coinbase Pops As SVB Crumbles To Dust
- Airlines Update Guidance, Shares Head For Different Destinations
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.