Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) CEO Gerard Johan Hart Sells 11,997 Shares

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) CEO Gerard Johan Hart sold 11,997 shares of the firm’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $4.46, for a total value of $53,506.62. Following the sale, the chief executive officer now directly owns 586,737 shares of the company’s stock, valued at approximately $2,616,847.02. This represents a 2.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Gerard Johan Hart also recently made the following trade(s):

• On Monday, March 17th, Gerard Johan Hart sold 11,467 shares of Red Robin Gourmet Burgers stock. The shares were sold at an average price of $4.39, for a total value of $50,340.13.

Red Robin Gourmet Burgers Stock Performance

RRGB stock opened at $4.33 on Friday. The company has a market capitalization of $75.63 million, a price-to-earnings ratio of -1.32 and a beta of 2.70. Red Robin Gourmet Burgers, Inc. has a fifty-two week low of $2.97 and a fifty-two week high of $9.20. The stock has a fifty day moving average of $5.24 and a 200-day moving average of $5.11.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last posted its quarterly earnings results on Wednesday, February 26th. The restaurant operator reported ($0.94) earnings per share for the quarter, missing the consensus estimate of ($0.50) by ($0.44). The firm had revenue of $285.23 million during the quarter, compared to the consensus estimate of $285.20 million. During the same period last year, the firm earned ($0.66) EPS. Equities analysts predict that Red Robin Gourmet Burgers, Inc. will post -2.94 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP bought a new position in Red Robin Gourmet Burgers in the 3rd quarter worth about $34,000. R Squared Ltd bought a new position in Red Robin Gourmet Burgers in the 4th quarter worth about $52,000. Raymond James Financial Inc. bought a new position in Red Robin Gourmet Burgers in the 4th quarter worth about $63,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Red Robin Gourmet Burgers in the 4th quarter worth about $64,000. Finally, Barclays PLC boosted its stake in Red Robin Gourmet Burgers by 489.6% in the 4th quarter. Barclays PLC now owns 12,270 shares of the restaurant operator’s stock worth $67,000 after purchasing an additional 10,189 shares during the period. Institutional investors own 84.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. StockNews.com lowered Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a research report on Saturday, March 8th. CL King raised Red Robin Gourmet Burgers from a “neutral” rating to a “buy” rating and set a $10.00 target price for the company in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to MarketBeat, Red Robin Gourmet Burgers presently has an average rating of “Moderate Buy” and an average target price of $13.38.

Red Robin Gourmet Burgers Company 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.