D. E. Shaw & Co. Inc. Grows Holdings in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB)

D. E. Shaw & Co. Inc. boosted its holdings in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) by 112.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 394,471 shares of the restaurant operator’s stock after purchasing an additional 208,862 shares during the quarter. D. E. Shaw & Co. Inc. owned about 2.27% of Red Robin Gourmet Burgers worth $2,166,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Bridgeway Capital Management LLC raised its position in Red Robin Gourmet Burgers by 3.8% in the 4th quarter. Bridgeway Capital Management LLC now owns 65,500 shares of the restaurant operator’s stock valued at $360,000 after purchasing an additional 2,400 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Red Robin Gourmet Burgers by 2.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 98,793 shares of the restaurant operator’s stock valued at $542,000 after buying an additional 2,730 shares during the period. Northern Trust Corp increased its stake in Red Robin Gourmet Burgers by 11.9% in the 4th quarter. Northern Trust Corp now owns 32,258 shares of the restaurant operator’s stock valued at $177,000 after buying an additional 3,427 shares during the period. Geode Capital Management LLC increased its stake in Red Robin Gourmet Burgers by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 198,525 shares of the restaurant operator’s stock valued at $1,090,000 after buying an additional 4,209 shares during the period. Finally, R Squared Ltd acquired a new position in Red Robin Gourmet Burgers in the 4th quarter valued at $52,000. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Red Robin Gourmet Burgers Stock Up 0.3%

NASDAQ:RRGB opened at $3.09 on Wednesday. Red Robin Gourmet Burgers, Inc. has a fifty-two week low of $2.50 and a fifty-two week high of $9.20. The stock has a market cap of $54.45 million, a PE ratio of -0.94 and a beta of 2.11. The firm’s fifty day simple moving average is $3.22 and its 200-day simple moving average is $4.62.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last posted its quarterly earnings results on Wednesday, February 26th. The restaurant operator reported ($0.94) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.50) by ($0.44). The firm had revenue of $285.23 million for the quarter, compared to analyst estimates of $285.20 million. During the same quarter in the previous year, the business posted ($0.66) earnings per share. Equities analysts anticipate that Red Robin Gourmet Burgers, Inc. will post -2.94 earnings per share for the current year.

Insider Buying and Selling at Red Robin Gourmet Burgers

In related news, CEO Gerard Johan Hart sold 11,997 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $4.46, for a total value of $53,506.62. Following the sale, the chief executive officer now directly owns 586,737 shares of the company’s stock, valued at approximately $2,616,847.02. This trade represents a 2.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders have sold 52,759 shares of company stock worth $227,353. Corporate insiders own 3.19% of the company’s stock.

Analysts Set New Price Targets

RRGB has been the topic of several recent research reports. 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. CL King raised shares of Red Robin Gourmet Burgers from a “neutral” rating to a “buy” rating and set a $10.00 price objective on the stock in a research note on Thursday, February 27th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Red Robin Gourmet Burgers presently has a consensus rating of “Moderate Buy” and an average target price 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.