Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) Director Glenn B. Kaufman Purchases 1,000 Shares

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Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) Director Glenn B. Kaufman acquired 1,000 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was bought at an average price of $26.50 per share, with a total value of $26,500.00. Following the acquisition, the director now directly owns 29,733 shares in the company, valued at $787,924.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Red Robin Gourmet Burgers stock traded down $1.04 during midday trading on Wednesday, reaching $25.46. 514,901 shares of the company’s stock were exchanged, compared to its average volume of 294,280. Red Robin Gourmet Burgers, Inc. has a 52 week low of $24.57 and a 52 week high of $54.95. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.30 and a current ratio of 0.44. The stock has a market capitalization of $341.82 million, a P/E ratio of 14.72, a PEG ratio of 2.15 and a beta of 1.03.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last issued its quarterly earnings data on Thursday, May 30th. The restaurant operator reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.29). Red Robin Gourmet Burgers had a positive return on equity of 4.14% and a negative net margin of 0.77%. The firm had revenue of $409.87 million for the quarter, compared to the consensus estimate of $408.98 million. During the same quarter in the prior year, the firm earned $0.69 EPS. The company’s revenue was down 2.8% on a year-over-year basis. Research analysts forecast that Red Robin Gourmet Burgers, Inc. will post 1.26 earnings per share for the current year.

Several large investors have recently modified their holdings of RRGB. Morgan Stanley boosted its holdings in shares of Red Robin Gourmet Burgers by 281.7% during the third quarter. Morgan Stanley now owns 136,366 shares of the restaurant operator’s stock worth $5,475,000 after acquiring an additional 100,644 shares during the period. Arizona State Retirement System boosted its holdings in shares of Red Robin Gourmet Burgers by 6.0% during the fourth quarter. Arizona State Retirement System now owns 19,986 shares of the restaurant operator’s stock worth $534,000 after acquiring an additional 1,132 shares during the period. KBC Group NV boosted its holdings in shares of Red Robin Gourmet Burgers by 12.9% during the fourth quarter. KBC Group NV now owns 30,368 shares of the restaurant operator’s stock worth $811,000 after acquiring an additional 3,464 shares during the period. Rhumbline Advisers boosted its holdings in shares of Red Robin Gourmet Burgers by 20.6% during the fourth quarter. Rhumbline Advisers now owns 38,446 shares of the restaurant operator’s stock worth $1,027,000 after acquiring an additional 6,563 shares during the period. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Red Robin Gourmet Burgers during the fourth quarter worth approximately $3,132,000.

Several equities analysts have recently weighed in on the company. TheStreet upgraded Red Robin Gourmet Burgers from a “d+” rating to a “c” rating in a report on Thursday, May 30th. BidaskClub upgraded Red Robin Gourmet Burgers from a “sell” rating to a “hold” rating in a report on Tuesday, April 30th. Zacks Investment Research cut Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a report on Monday, April 22nd. Morgan Stanley reduced their price target on Red Robin Gourmet Burgers from $35.00 to $33.00 and set an “equal weight” rating for the company in a report on Wednesday, February 27th. Finally, Maxim Group reiterated a “hold” rating and set a $32.00 price target (up previously from $25.00) on shares of Red Robin Gourmet Burgers in a report on Thursday, May 16th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and one has issued a buy rating to the stock. Red Robin Gourmet Burgers has an average rating of “Hold” and an average target price of $41.00.

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About Red Robin Gourmet Burgers

Red Robin Gourmet Burgers, Inc, together with its subsidiaries, develops, operates, and franchises full-service and casual-dining restaurants in the United States and Canada. The company's restaurants primarily offer burgers; various appetizers, salads, soups, seafood, and other entrees; and desserts, milkshakes, alcoholic and non-alcoholic specialty drinks, cocktails, wine, and beers.

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