Insider Selling: Red Robin Gourmet Burgers CEO Unloads 2,500 Shares of Stock (RRGB)
Red Robin Gourmet Burgers (NASDAQ:RRGB) CEO Stephen E. Carley sold 2,500 shares of the stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $73.05, for a total transaction of $182,625.00. Following the completion of the transaction, the chief executive officer now directly owns 21,336 shares of the company’s stock, valued at approximately $1,558,595. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Red Robin Gourmet Burgers in a research note on Thursday, May 22nd. They now have a $75.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Red Robin Gourmet Burgers has a consensus rating of “Buy” and an average target price of $82.91.
Red Robin Gourmet Burgers (NASDAQ:RRGB) traded down 0.60% on Monday, hitting $73.10. 105,467 shares of the company’s stock traded hands. Red Robin Gourmet Burgers has a 52-week low of $53.01 and a 52-week high of $86.83. The stock’s 50-day moving average is $69.36 and its 200-day moving average is $70.65. The company has a market cap of $1.045 billion and a P/E ratio of 30.87.
Red Robin Gourmet Burgers (NASDAQ:RRGB) last issued its quarterly earnings data on Tuesday, May 20th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.10. The company had revenue of $340.50 million for the quarter, compared to the consensus estimate of $334.80 million. During the same quarter in the previous year, the company posted $0.66 earnings per share. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. On average, analysts predict that Red Robin Gourmet Burgers will post $2.86 earnings per share for the current fiscal year.
Red Robin Gourmet Burgers, Inc (NASDAQ:RRGB) together with its subsidiaries, is a casual dining restaurant chain focused on serving gourmet burgers.
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