Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) CFO Guy J. Constant acquired 2,500 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were bought at an average price of $58.88 per share, for a total transaction of $147,200.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) traded down 1.35% during midday trading on Tuesday, hitting $58.50. 194,833 shares of the stock traded hands. Red Robin Gourmet Burgers, Inc. has a 52 week low of $40.85 and a 52 week high of $74.11. The stock has a market capitalization of $756.23 million, a P/E ratio of 90.70 and a beta of 0.62. The stock’s 50-day moving average price is $62.28 and its 200-day moving average price is $58.70.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last issued its quarterly earnings results on Tuesday, August 8th. The restaurant operator reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.10. Red Robin Gourmet Burgers had a net margin of 0.64% and a return on equity of 8.00%. The company had revenue of $315.80 million during the quarter, compared to analysts’ expectations of $315.69 million. During the same period last year, the company posted $0.75 EPS. Red Robin Gourmet Burgers’s revenue was up 3.4% on a year-over-year basis. Equities research analysts expect that Red Robin Gourmet Burgers, Inc. will post $2.75 EPS for the current fiscal year.

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Several equities analysts have recently weighed in on the stock. Maxim Group reiterated a “buy” rating and set a $80.00 price objective on shares of Red Robin Gourmet Burgers in a report on Tuesday, May 23rd. Bank of America Corporation upped their price objective on shares of Red Robin Gourmet Burgers from $80.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, May 25th. Wells Fargo & Company reiterated a “market perform” rating and set a $70.00 price objective on shares of Red Robin Gourmet Burgers in a report on Thursday, May 25th. Canaccord Genuity upgraded shares of Red Robin Gourmet Burgers from a “hold” rating to a “buy” rating and upped their price objective for the company from $72.00 to $90.00 in a report on Friday, May 26th. Finally, TheStreet upgraded shares of Red Robin Gourmet Burgers from a “c” rating to a “b-” rating in a report on Thursday, May 18th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. Red Robin Gourmet Burgers presently has an average rating of “Hold” and an average target price of $72.80.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank purchased a new position in shares of Red Robin Gourmet Burgers during the fourth quarter valued at about $840,000. Thomson Horstmann & Bryant Inc. boosted its position in shares of Red Robin Gourmet Burgers by 61.9% in the first quarter. Thomson Horstmann & Bryant Inc. now owns 307,575 shares of the restaurant operator’s stock valued at $17,977,000 after buying an additional 117,652 shares during the period. Janney Montgomery Scott LLC purchased a new position in shares of Red Robin Gourmet Burgers during the first quarter valued at about $499,000. Kalmar Investments Inc. DE purchased a new position in shares of Red Robin Gourmet Burgers during the first quarter valued at about $3,305,000. Finally, Russell Investments Group Ltd. boosted its position in shares of Red Robin Gourmet Burgers by 206.1% in the first quarter. Russell Investments Group Ltd. now owns 28,075 shares of the restaurant operator’s stock valued at $1,641,000 after buying an additional 18,904 shares during the period.

About Red Robin Gourmet Burgers

Red Robin Gourmet Burgers, Inc, together with its subsidiaries, primarily develops, operates, and franchises full-service restaurants in North America and focuses on serving selection of gourmet burgers. The Company’s menu features a line of gourmet burgers, which it makes from ground beef, as well as its line of Red’s Tavern Double Burgers and its Red Robin’s line of half-pound Angus beef burgers with various toppings.

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