Campbell & CO Investment Adviser LLC Has $1.02 Million Stock Holdings in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB)

Campbell & CO Investment Adviser LLC lifted its stake in shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGBFree Report) by 109.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 82,028 shares of the restaurant operator’s stock after buying an additional 42,875 shares during the quarter. Campbell & CO Investment Adviser LLC owned about 0.53% of Red Robin Gourmet Burgers worth $1,023,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of RRGB. Victory Capital Management Inc. grew its holdings in Red Robin Gourmet Burgers by 3.9% in the 3rd quarter. Victory Capital Management Inc. now owns 59,800 shares of the restaurant operator’s stock valued at $481,000 after buying an additional 2,267 shares in the last quarter. Panagora Asset Management Inc. raised its position in shares of Red Robin Gourmet Burgers by 35.5% in the fourth quarter. Panagora Asset Management Inc. now owns 44,794 shares of the restaurant operator’s stock valued at $559,000 after buying an additional 11,730 shares in the last quarter. RK Capital Management LLC grew its position in Red Robin Gourmet Burgers by 14.1% during the third quarter. RK Capital Management LLC now owns 390,900 shares of the restaurant operator’s stock worth $3,143,000 after buying an additional 48,300 shares in the last quarter. Pacific Ridge Capital Partners LLC raised its holdings in Red Robin Gourmet Burgers by 15.5% in the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 518,237 shares of the restaurant operator’s stock valued at $4,167,000 after acquiring an additional 69,514 shares in the last quarter. Finally, Acuitas Investments LLC grew its holdings in shares of Red Robin Gourmet Burgers by 30.5% during the 4th quarter. Acuitas Investments LLC now owns 470,206 shares of the restaurant operator’s stock worth $5,863,000 after purchasing an additional 109,809 shares in the last quarter. 84.04% of the stock is owned by institutional investors.

Insider Activity at Red Robin Gourmet Burgers

In related news, major shareholder Archon Capital Management Llc sold 77,000 shares of the company’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $7.36, for a total transaction of $566,720.00. Following the sale, the insider now owns 1,793,692 shares in the company, valued at approximately $13,201,573.12. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.19% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Benchmark restated a “buy” rating and issued a $18.00 target price on shares of Red Robin Gourmet Burgers in a research report on Monday, April 15th. StockNews.com cut Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a research report on Thursday, April 18th. Lake Street Capital lifted their price target on shares of Red Robin Gourmet Burgers from $16.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, May 30th. Finally, Craig Hallum initiated coverage on shares of Red Robin Gourmet Burgers in a research note on Thursday, April 25th. They set a “buy” rating and a $20.00 target price on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $16.00.

Read Our Latest Stock Report on Red Robin Gourmet Burgers

Red Robin Gourmet Burgers Trading Up 6.4 %

Shares of RRGB stock opened at $8.75 on Thursday. Red Robin Gourmet Burgers, Inc. has a one year low of $5.56 and a one year high of $15.76. The business’s 50 day simple moving average is $7.09 and its 200 day simple moving average is $8.82.

Red Robin Gourmet Burgers Profile

(Free Report)

Red Robin Gourmet Burgers, Inc, together with its subsidiaries, develops, operates, and franchises casual-dining restaurants, in North America and one Canadian province. Its restaurants primarily offer burgers and pizza, appetizers, salads, soups, other entrees, desserts, wings, milkshakes, alcoholic and non-alcoholic specialty drinks, cocktails, wine, and beers.

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

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