Red Robin Gourmet Burgers (NASDAQ:RRGB) Share Price Passes Above Two Hundred Day Moving Average of $10.26

Shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB – Get Rating) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.26 and traded as high as $16.50. Red Robin Gourmet Burgers shares last traded at $14.64, with a volume of 1,460,966 shares.

Analysts Set New Price Targets

RRGB has been the topic of a number of recent research reports. Benchmark lifted their price objective on Red Robin Gourmet Burgers from $14.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, March 22nd. StockNews.com cut shares of Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a research report on Friday, May 12th.

Red Robin Gourmet Burgers Stock Performance

The company has a market capitalization of $234.09 million, a P/E ratio of -2.99 and a beta of 2.85. The company has a debt-to-equity ratio of 37.80, a quick ratio of 0.43 and a current ratio of 0.55. The stock’s fifty day moving average price is $13.68 and its 200-day moving average price is $10.26.

Red Robin Gourmet Burgers (NASDAQ:RRGB – Get Rating) last posted its quarterly earnings results on Tuesday, February 28th. The restaurant operator reported ($1.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.66) by ($0.69). The firm had revenue of $290.09 million for the quarter, compared to analyst estimates of $280.72 million. Red Robin Gourmet Burgers had a negative return on equity of 105.56% and a negative net margin of 6.14%. As a group, research analysts anticipate that Red Robin Gourmet Burgers, Inc. will post -1.74 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Joshua Todd Wilson bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, March 3rd. The stock was acquired at an average cost of $11.22 per share, with a total value of $112,200.00. Following the transaction, the insider now directly owns 55,395 shares of the company’s stock, valued at approximately $621,531.90. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Gerard Johan Hart purchased 25,000 shares of the stock in a transaction that occurred on Friday, March 10th. The stock was acquired at an average cost of $11.99 per share, with a total value of $299,750.00. Following the transaction, the chief executive officer now owns 183,656 shares of the company’s stock, valued at approximately $2,202,035.44. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joshua Todd Wilson purchased 10,000 shares of the stock in a transaction that occurred on Friday, March 3rd. The stock was bought at an average cost of $11.22 per share, with a total value of $112,200.00. Following the completion of the transaction, the insider now directly owns 55,395 shares in the company, valued at approximately $621,531.90. The disclosure for this purchase can be found here. Insiders bought 36,751 shares of company stock valued at $431,946 over the last quarter. Insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Red Robin Gourmet Burgers

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Citigroup Inc. increased its position in shares of Red Robin Gourmet Burgers by 11.2% during the 1st 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 last quarter. Geode Capital Management LLC increased its holdings in Red Robin Gourmet Burgers by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 160,322 shares of the restaurant operator’s stock worth $894,000 after acquiring an additional 1,450 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Red Robin Gourmet Burgers by 14.1% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,549 shares of the restaurant operator’s stock worth $228,000 after acquiring an additional 1,671 shares during the last quarter. Rhumbline Advisers increased its holdings in Red Robin Gourmet Burgers by 4.8% in the 1st quarter. Rhumbline Advisers now owns 39,769 shares of the restaurant operator’s stock worth $671,000 after acquiring an additional 1,809 shares during the last quarter. Finally, UBS Group AG increased its holdings in Red Robin Gourmet Burgers by 113.9% in the 1st quarter. UBS Group AG now owns 3,850 shares of the restaurant operator’s stock worth $55,000 after acquiring an additional 2,050 shares during the last quarter. 68.27% of the stock is owned by hedge funds and other institutional investors.

About Red Robin Gourmet Burgers

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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.