Archon Capital Management LLC Has $833,000 Stake in Red Robin Gourmet Burgers, Inc. $RRGB

Archon Capital Management LLC cut its stake in shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) by 64.2% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 143,925 shares of the restaurant operator’s stock after selling 258,087 shares during the quarter. Archon Capital Management LLC’s holdings in Red Robin Gourmet Burgers were worth $833,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Jump Financial LLC acquired a new stake in shares of Red Robin Gourmet Burgers in the first quarter valued at about $37,000. XTX Topco Ltd bought a new stake in Red Robin Gourmet Burgers in the first quarter valued at approximately $49,000. Dynamic Technology Lab Private Ltd acquired a new stake in Red Robin Gourmet Burgers during the 1st quarter valued at approximately $61,000. Jane Street Group LLC bought a new position in Red Robin Gourmet Burgers during the 1st quarter worth approximately $69,000. Finally, AdvisorShares Investments LLC acquired a new position in shares of Red Robin Gourmet Burgers in the 2nd quarter worth approximately $174,000. Institutional investors own 84.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Benchmark reaffirmed a “buy” rating on shares of Red Robin Gourmet Burgers in a research note on Monday, November 17th. Zacks Research cut shares of Red Robin Gourmet Burgers from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 6th. Finally, Weiss Ratings reiterated 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 issued a Sell rating to the company. According to MarketBeat, Red Robin Gourmet Burgers presently has a consensus rating of “Hold” and an average target price of $11.00.

Red Robin Gourmet Burgers Trading Up 0.7%

Shares of RRGB stock opened at $4.08 on Friday. The firm has a fifty day simple moving average of $5.45 and a two-hundred day simple moving average of $5.73. Red Robin Gourmet Burgers, Inc. has a 12 month low of $2.50 and a 12 month high of $7.89. The firm has a market capitalization of $73.28 million, a PE ratio of -1.26 and a beta of 2.21.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last released its quarterly earnings data on Monday, November 10th. The restaurant operator reported ($0.70) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.78) by $0.08. The business had revenue of $265.13 million during the quarter, compared to the consensus estimate of $256.75 million. On average, equities analysts predict that Red Robin Gourmet Burgers, Inc. will post -2.94 earnings per share for the current fiscal year.

Red Robin Gourmet Burgers Profile

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.