Red Robin Gourmet Burgers, Inc. $RRGB Shares Bought by Bandera Partners LLC

Bandera Partners LLC increased its position in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) by 58.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,350,000 shares of the restaurant operator’s stock after buying an additional 500,000 shares during the quarter. Red Robin Gourmet Burgers comprises approximately 3.5% of Bandera Partners LLC’s holdings, making the stock its 12th largest position. Bandera Partners LLC owned approximately 7.61% of Red Robin Gourmet Burgers worth $7,816,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in Red Robin Gourmet Burgers by 5,671.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 133,041 shares of the restaurant operator’s stock valued at $770,000 after acquiring an additional 130,736 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Red Robin Gourmet Burgers in the 2nd quarter worth approximately $674,000. Pacific Ridge Capital Partners LLC lifted its stake in Red Robin Gourmet Burgers by 7.4% during the first quarter. Pacific Ridge Capital Partners LLC now owns 1,148,813 shares of the restaurant operator’s stock valued at $4,090,000 after purchasing an additional 79,181 shares during the last quarter. Trexquant Investment LP acquired a new stake in Red Robin Gourmet Burgers during the first quarter valued at approximately $209,000. Finally, AdvisorShares Investments LLC bought a new stake in Red Robin Gourmet Burgers during the second quarter worth approximately $174,000. 84.04% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have issued reports on RRGB shares. Benchmark reaffirmed a “buy” rating on shares of Red Robin Gourmet Burgers in a report on Monday, November 17th. Zacks Research lowered Red Robin Gourmet Burgers from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 6th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Red Robin Gourmet Burgers in a report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $11.00.

Red Robin Gourmet Burgers Trading Down 2.0%

Shares of NASDAQ:RRGB opened at $3.88 on Tuesday. The stock has a market capitalization of $69.70 million, a PE ratio of -1.14 and a beta of 2.55. 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 fifty day moving average price of $5.87 and a 200 day moving average price of $5.70.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last posted its earnings results on Monday, November 10th. The restaurant operator reported ($0.70) earnings per share for the quarter, beating the consensus estimate of ($0.78) by $0.08. The company had revenue of $265.13 million for the quarter, compared to the consensus estimate of $256.75 million. Red Robin Gourmet Burgers has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that Red Robin Gourmet Burgers, Inc. will post -2.94 earnings per share for the current fiscal year.

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.