Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) was the target of unusually large options trading on Thursday. Stock traders acquired 3,748 call options on the stock. This is an increase of 1,201% compared to the typical volume of 288 call options.

Shares of Red Robin Gourmet Burgers (NASDAQ RRGB) opened at $48.95 on Friday. The company has a current ratio of 0.56, a quick ratio of 0.37 and a debt-to-equity ratio of 0.76. Red Robin Gourmet Burgers has a 1-year low of $45.20 and a 1-year high of $74.11. The stock has a market capitalization of $677.85, a price-to-earnings ratio of 25.44, a P/E/G ratio of 2.24 and a beta of 0.57.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last announced its quarterly earnings data on Monday, November 6th. The restaurant operator reported $0.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.09). Red Robin Gourmet Burgers had a return on equity of 7.32% and a net margin of 0.94%. The firm had revenue of $304.20 million for the quarter, compared to analysts’ expectations of $308.44 million. During the same quarter in the prior year, the business posted $0.38 earnings per share. Red Robin Gourmet Burgers’s revenue was up 2.3% on a year-over-year basis. analysts predict that Red Robin Gourmet Burgers will post 2.26 EPS for the current year.

In related news, COO Carin Stutz acquired 715 shares of Red Robin Gourmet Burgers stock in a transaction dated Tuesday, November 14th. The stock was acquired at an average cost of $49.15 per share, with a total value of $35,142.25. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 2.66% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. BlackRock Inc. raised its holdings in shares of Red Robin Gourmet Burgers by 1.3% during the second quarter. BlackRock Inc. now owns 1,581,338 shares of the restaurant operator’s stock worth $103,184,000 after acquiring an additional 20,059 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Red Robin Gourmet Burgers by 0.5% during the third quarter. Dimensional Fund Advisors LP now owns 1,084,594 shares of the restaurant operator’s stock worth $72,667,000 after buying an additional 5,068 shares during the last quarter. Daruma Capital Management LLC increased its position in Red Robin Gourmet Burgers by 225.6% during the second quarter. Daruma Capital Management LLC now owns 856,225 shares of the restaurant operator’s stock worth $55,869,000 after buying an additional 593,278 shares during the last quarter. Ameriprise Financial Inc. increased its position in Red Robin Gourmet Burgers by 5.8% during the third quarter. Ameriprise Financial Inc. now owns 803,475 shares of the restaurant operator’s stock worth $53,833,000 after buying an additional 43,870 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in Red Robin Gourmet Burgers by 5.5% during the second quarter. Vanguard Group Inc. now owns 704,965 shares of the restaurant operator’s stock worth $45,998,000 after buying an additional 36,847 shares during the last quarter.

A number of analysts have recently issued reports on the company. Stifel Nicolaus assumed coverage on Red Robin Gourmet Burgers in a report on Monday, October 2nd. They issued a “hold” rating and a $62.00 target price for the company. Raymond James Financial lowered Red Robin Gourmet Burgers from a “strong-buy” rating to an “outperform” rating and reduced their target price for the company from $77.50 to $65.00 in a report on Tuesday, November 7th. BidaskClub upgraded Red Robin Gourmet Burgers from a “strong sell” rating to a “sell” rating in a report on Saturday, August 12th. Maxim Group restated a “buy” rating and issued a $75.00 target price on shares of Red Robin Gourmet Burgers in a report on Wednesday, August 9th. Finally, BTIG Research reduced their target price on Red Robin Gourmet Burgers from $70.00 to $63.00 and set a “buy” rating for the company in a report on Tuesday, November 7th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $69.00.

COPYRIGHT VIOLATION WARNING: This story was reported by American Banking News and is the property of of American Banking News. If you are accessing this story on another publication, it was stolen and republished in violation of United States and international trademark & copyright laws. The original version of this story can be accessed at https://www.americanbankingnews.com/2017/12/03/traders-buy-large-volume-of-red-robin-gourmet-burgers-call-options-rrgb.html.

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.

Receive News & Ratings for Red Robin Gourmet Burgers Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Red Robin Gourmet Burgers Inc. and related companies with MarketBeat.com's FREE daily email newsletter.