Cubist Systematic Strategies LLC Invests $181,000 in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB)

Cubist Systematic Strategies LLC bought a new position in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 32,958 shares of the restaurant operator’s stock, valued at approximately $181,000. Cubist Systematic Strategies LLC owned approximately 0.19% of Red Robin Gourmet Burgers as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. R Squared Ltd purchased a new position in shares of Red Robin Gourmet Burgers in the fourth quarter worth about $52,000. Raymond James Financial Inc. purchased a new position in shares of Red Robin Gourmet Burgers in the fourth quarter worth about $63,000. Barclays PLC increased its stake in shares of Red Robin Gourmet Burgers by 489.6% in the fourth quarter. Barclays PLC now owns 12,270 shares of the restaurant operator’s stock worth $67,000 after purchasing an additional 10,189 shares in the last quarter. Northern Trust Corp increased its stake in shares of Red Robin Gourmet Burgers by 11.9% in the fourth quarter. Northern Trust Corp now owns 32,258 shares of the restaurant operator’s stock worth $177,000 after purchasing an additional 3,427 shares in the last quarter. Finally, Bridgeway Capital Management LLC increased its stake in shares of Red Robin Gourmet Burgers by 3.8% in the fourth quarter. Bridgeway Capital Management LLC now owns 65,500 shares of the restaurant operator’s stock worth $360,000 after purchasing an additional 2,400 shares in the last quarter. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Red Robin Gourmet Burgers Trading Up 2.8%

Shares of NASDAQ:RRGB opened at $3.28 on Monday. The company has a 50 day moving average of $3.28 and a 200 day moving average of $4.65. The stock has a market cap of $57.80 million, a P/E ratio of -1.00 and a beta of 2.11. Red Robin Gourmet Burgers, Inc. has a 12 month low of $2.50 and a 12 month high of $9.20.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last issued its quarterly earnings data on Wednesday, February 26th. The restaurant operator reported ($0.94) EPS for the quarter, missing the consensus estimate of ($0.50) by ($0.44). The company had revenue of $285.23 million for the quarter, compared to the consensus estimate of $285.20 million. During the same period in the prior year, the company posted ($0.66) earnings per share. On average, equities analysts forecast that Red Robin Gourmet Burgers, Inc. will post -2.94 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Red Robin Gourmet Burgers news, CEO Gerard Johan Hart sold 8,627 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $4.16, for a total value of $35,888.32. Following the completion of the transaction, the chief executive officer now owns 556,225 shares of the company’s stock, valued at $2,313,896. The trade was a 1.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 52,759 shares of company stock valued at $227,353 in the last quarter. Corporate insiders own 3.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on RRGB shares. CL King upgraded shares of Red Robin Gourmet Burgers from a “neutral” rating to a “buy” rating and set a $10.00 target price for the company in a research note on Thursday, February 27th. StockNews.com cut shares of Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a research note on Saturday, March 8th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $13.38.

About Red Robin Gourmet Burgers

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.