Trexquant Investment LP Purchases New Stake in Red Robin Gourmet Burgers, Inc. $RRGB

Trexquant Investment LP purchased a new stake in shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 58,807 shares of the restaurant operator’s stock, valued at approximately $209,000. Trexquant Investment LP owned about 0.33% of Red Robin Gourmet Burgers as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in RRGB. Bandera Partners LLC grew its position in shares of Red Robin Gourmet Burgers by 270.2% in the 1st quarter. Bandera Partners LLC now owns 850,000 shares of the restaurant operator’s stock worth $3,026,000 after buying an additional 620,402 shares during the period. D. E. Shaw & Co. Inc. increased its holdings in Red Robin Gourmet Burgers by 112.5% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 394,471 shares of the restaurant operator’s stock worth $2,166,000 after acquiring an additional 208,862 shares in the last quarter. Pacific Ridge Capital Partners LLC increased its holdings in Red Robin Gourmet Burgers by 7.4% in the 1st quarter. Pacific Ridge Capital Partners LLC now owns 1,148,813 shares of the restaurant operator’s stock worth $4,090,000 after acquiring an additional 79,181 shares in the last quarter. Barclays PLC increased its holdings in Red Robin Gourmet Burgers by 489.6% in the 4th quarter. Barclays PLC now owns 12,270 shares of the restaurant operator’s stock worth $67,000 after acquiring an additional 10,189 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in Red Robin Gourmet Burgers by 113.9% in the 4th quarter. Bank of America Corp DE now owns 89,298 shares of the restaurant operator’s stock worth $490,000 after acquiring an additional 47,550 shares in the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

Red Robin Gourmet Burgers Price Performance

RRGB opened at $6.17 on Thursday. The business’s 50-day moving average is $6.26 and its two-hundred day moving average is $4.83. Red Robin Gourmet Burgers, Inc. has a 1 year low of $2.50 and a 1 year high of $7.89. The firm has a market capitalization of $110.50 million, a PE ratio of -1.81 and a beta of 2.45.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last posted its earnings results on Wednesday, August 13th. The restaurant operator reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.25) by $0.51. The company had revenue of $283.70 million during the quarter, compared to analysts’ expectations of $279.17 million. Red Robin Gourmet Burgers has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that Red Robin Gourmet Burgers, Inc. will post -2.94 EPS for the current year.

Insider Activity

In other Red Robin Gourmet Burgers news, Director Christopher Ross Martin purchased 34,649 shares of the stock in a transaction on Friday, August 22nd. The stock was acquired at an average price of $6.29 per share, with a total value of $217,942.21. Following the completion of the acquisition, the director owned 1,667,906 shares in the company, valued at $10,491,128.74. The trade was a 2.12% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Anthony S. Ackil bought 14,910 shares of the firm’s 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 acquisition, the director directly owned 103,802 shares of the company’s stock, valued at approximately $522,124.06. This trade represents a 16.77% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders acquired 67,910 shares of company stock valued at $405,615. Corporate insiders own 2.64% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Benchmark reaffirmed a “buy” rating and set a $12.00 price objective on shares of Red Robin Gourmet Burgers in a report on Wednesday, July 16th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $11.00.

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.