Two Sigma Investments LP Sells 28,046 Shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB)

Two Sigma Investments LP cut its stake in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) by 30.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 62,671 shares of the restaurant operator’s stock after selling 28,046 shares during the period. Two Sigma Investments LP owned 0.36% of Red Robin Gourmet Burgers worth $344,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of RRGB. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Red Robin Gourmet Burgers during the 4th quarter worth approximately $64,000. Millennium Management LLC boosted its holdings in shares of Red Robin Gourmet Burgers by 22.3% in the fourth quarter. Millennium Management LLC now owns 127,974 shares of the restaurant operator’s stock valued at $703,000 after buying an additional 23,358 shares during the period. JCP Investment Management LLC lifted its position in shares of Red Robin Gourmet Burgers by 281.6% in the fourth quarter. JCP Investment Management LLC now owns 1,860,668 shares of the restaurant operator’s stock worth $10,215,000 after purchasing an additional 1,373,077 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its position in shares of Red Robin Gourmet Burgers by 112.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 394,471 shares of the restaurant operator’s stock worth $2,166,000 after purchasing an additional 208,862 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Red Robin Gourmet Burgers in the fourth quarter worth $181,000. 84.04% of the stock is owned by institutional investors.

Insider Activity at Red Robin Gourmet Burgers

In other Red Robin Gourmet Burgers news, CEO Gerard Johan Hart sold 8,627 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $4.16, for a total transaction of $35,888.32. Following the sale, the chief executive officer now directly owns 556,225 shares in the company, valued at $2,313,896. This represents a 1.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Over the last three months, insiders have sold 52,759 shares of company stock worth $227,353. Corporate insiders own 3.19% of the company’s stock.

Red Robin Gourmet Burgers Stock Performance

Shares of RRGB opened at $6.02 on Wednesday. Red Robin Gourmet Burgers, Inc. has a 52 week low of $2.50 and a 52 week high of $8.48. The firm has a market cap of $106.77 million, a P/E ratio of -1.83 and a beta of 2.38. The firm’s 50-day simple moving average is $3.44 and its 200 day simple moving average is $4.56.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last released its quarterly earnings results on Thursday, May 29th. The restaurant operator reported $0.19 EPS for the quarter, beating the consensus estimate of ($0.57) by $0.76. The business had revenue of $392.35 million during the quarter, compared to analyst estimates of $388.77 million. During the same quarter last year, the company posted ($0.80) earnings per share. As a group, equities analysts forecast that Red Robin Gourmet Burgers, Inc. will post -2.94 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. CL King raised shares of Red Robin Gourmet Burgers from a “neutral” rating to a “buy” rating and set a $10.00 price target on the stock in a research report on Thursday, February 27th. Wall Street Zen lowered shares of Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a research report on Saturday, March 8th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $13.38.

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.