Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) Shares Bought by Pacific Ridge Capital Partners LLC

Pacific Ridge Capital Partners LLC increased its holdings in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) by 18.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 911,005 shares of the restaurant operator’s stock after purchasing an additional 143,957 shares during the quarter. Red Robin Gourmet Burgers accounts for 1.7% of Pacific Ridge Capital Partners LLC’s holdings, making the stock its 13th biggest position. Pacific Ridge Capital Partners LLC owned about 5.81% of Red Robin Gourmet Burgers worth $6,896,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Campbell & CO Investment Adviser LLC lifted its position in shares of Red Robin Gourmet Burgers by 109.5% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 82,028 shares of the restaurant operator’s stock valued at $1,023,000 after acquiring an additional 42,875 shares during the last quarter. RK Capital Management LLC lifted its holdings in shares of Red Robin Gourmet Burgers by 1.6% during the fourth quarter. RK Capital Management LLC now owns 397,000 shares of the restaurant operator’s stock valued at $4,951,000 after purchasing an additional 6,100 shares during the last quarter. Fund 1 Investments LLC boosted its position in shares of Red Robin Gourmet Burgers by 253.0% in the 4th quarter. Fund 1 Investments LLC now owns 304,429 shares of the restaurant operator’s stock valued at $3,796,000 after purchasing an additional 218,187 shares during the period. PNC Financial Services Group Inc. increased its stake in Red Robin Gourmet Burgers by 57.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,791 shares of the restaurant operator’s stock worth $85,000 after purchasing an additional 2,491 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in Red Robin Gourmet Burgers by 48.0% during the 1st quarter. BNP Paribas Financial Markets now owns 37,259 shares of the restaurant operator’s stock worth $285,000 after buying an additional 12,082 shares during the period. 84.04% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Benchmark decreased their target price on shares of Red Robin Gourmet Burgers from $18.00 to $16.00 and set a “buy” rating for the company in a report on Tuesday, August 20th. Lake Street Capital decreased their price objective on shares of Red Robin Gourmet Burgers from $17.00 to $16.00 and set a “buy” rating for the company in a research note on Friday, August 23rd. Finally, Craig Hallum cut their target price on shares of Red Robin Gourmet Burgers from $15.00 to $11.50 and set a “buy” rating on the stock in a research note on Friday, August 23rd. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $13.13.

Red Robin Gourmet Burgers Stock Performance

Shares of RRGB opened at $4.39 on Friday. The company has a market capitalization of $69.14 million, a PE ratio of -2.49 and a beta of 2.74. The company’s 50 day moving average price is $4.52 and its 200 day moving average price is $6.18. Red Robin Gourmet Burgers, Inc. has a 52 week low of $2.97 and a 52 week high of $12.80.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last posted its quarterly earnings results on Thursday, August 22nd. The restaurant operator reported ($0.48) EPS for the quarter, missing the consensus estimate of ($0.41) by ($0.07). The firm had revenue of $300.15 million for the quarter, compared to analyst estimates of $295.57 million. During the same quarter in the prior year, the company posted ($0.24) EPS. On average, equities analysts forecast that Red Robin Gourmet Burgers, Inc. will post -2.37 earnings per share for the current fiscal year.

Red Robin Gourmet Burgers Profile

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.