XTX Topco Ltd Makes New $49,000 Investment in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB)

XTX Topco Ltd purchased a new position in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 13,736 shares of the restaurant operator’s stock, valued at approximately $49,000. XTX Topco Ltd owned 0.08% of Red Robin Gourmet Burgers at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new stake in shares of Red Robin Gourmet Burgers during the 4th quarter valued at $63,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Red Robin Gourmet Burgers during the 4th quarter valued at $64,000. Barclays PLC raised its position in shares of Red Robin Gourmet Burgers by 489.6% during the 4th quarter. Barclays PLC now owns 12,270 shares of the restaurant operator’s stock valued at $67,000 after purchasing an additional 10,189 shares during the period. Northern Trust Corp raised its position in shares of Red Robin Gourmet Burgers by 11.9% during the 4th quarter. Northern Trust Corp now owns 32,258 shares of the restaurant operator’s stock valued at $177,000 after purchasing an additional 3,427 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Red Robin Gourmet Burgers during the 4th quarter valued at $181,000. 84.04% of the stock is currently owned by institutional investors.

Red Robin Gourmet Burgers Trading Up 10.5%

NASDAQ:RRGB opened at $6.72 on Friday. The company’s 50 day moving average is $5.97 and its two-hundred day moving average is $4.70. The company has a market cap of $119.21 million, a PE ratio of -1.98 and a beta of 2.50. Red Robin Gourmet Burgers, Inc. has a twelve month low of $2.50 and a twelve month high of $7.89.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last released its quarterly earnings data on Wednesday, August 13th. The restaurant operator reported $0.26 EPS for the quarter, beating the consensus estimate of ($0.25) by $0.51. The business had revenue of $283.70 million during the quarter, compared to analysts’ expectations of $279.17 million. As a group, analysts expect that Red Robin Gourmet Burgers, Inc. will post -2.94 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Benchmark reissued a “buy” rating and issued a $12.00 price objective on shares of Red Robin Gourmet Burgers in a research note on Wednesday, July 16th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $12.38.

Insider Transactions at Red Robin Gourmet Burgers

In other news, Director Anthony S. Ackil purchased 14,910 shares of the stock in a transaction that occurred on Friday, June 20th. The shares were purchased at an average cost of $5.03 per share, with a total value of $74,997.30. Following the completion of the acquisition, the director owned 103,802 shares of the company’s stock, valued at approximately $522,124.06. This represents a 16.77% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.64% of the company’s stock.

Red Robin Gourmet Burgers Company 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.