Red Robin Gourmet Burgers, Inc. (RRGB) Shares Sold by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can cut its holdings in shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) by 6.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,980 shares of the restaurant operator’s stock after selling 1,200 shares during the quarter. Great West Life Assurance Co. Can owned about 0.13% of Red Robin Gourmet Burgers worth $1,125,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of RRGB. Public Employees Retirement System of Ohio raised its stake in shares of Red Robin Gourmet Burgers by 6.4% in the second quarter. Public Employees Retirement System of Ohio now owns 1,871 shares of the restaurant operator’s stock valued at $122,000 after purchasing an additional 112 shares in the last quarter. Daiwa Securities Group Inc. acquired a new position in shares of Red Robin Gourmet Burgers in the third quarter valued at $147,000. Seven Eight Capital LP acquired a new position in shares of Red Robin Gourmet Burgers in the second quarter valued at $163,000. Advisor Group Inc. acquired a new position in shares of Red Robin Gourmet Burgers in the second quarter valued at $163,000. Finally, Municipal Employees Retirement System of Michigan raised its stake in shares of Red Robin Gourmet Burgers by 3.8% in the second quarter. Municipal Employees Retirement System of Michigan now owns 3,040 shares of the restaurant operator’s stock valued at $198,000 after purchasing an additional 110 shares in the last quarter.

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) opened at $55.05 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.37 and a current ratio of 0.56. Red Robin Gourmet Burgers, Inc. has a 12 month low of $45.20 and a 12 month high of $74.11. The stock has a market capitalization of $692.08, a price-to-earnings ratio of 57.95, a price-to-earnings-growth ratio of 2.30 and a beta of 0.56.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last released its quarterly earnings data on Monday, November 6th. The restaurant operator reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.09). The company had revenue of $304.20 million for the quarter, compared to analyst estimates of $308.44 million. Red Robin Gourmet Burgers had a return on equity of 7.32% and a net margin of 0.94%. The business’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.38 earnings per share. equities analysts anticipate that Red Robin Gourmet Burgers, Inc. will post 2.26 EPS for the current fiscal year.

RRGB has been the subject of a number of recent research reports. Jefferies Group upgraded Red Robin Gourmet Burgers from a “hold” rating to a “buy” rating and upped their target price for the company from $58.00 to $63.00 in a research note on Friday. BTIG Research dropped their price objective on Red Robin Gourmet Burgers from $70.00 to $63.00 and set a “buy” rating for the company in a research note on Tuesday, November 7th. Maxim Group reiterated a “buy” rating and set a $75.00 price objective on shares of Red Robin Gourmet Burgers in a research note on Monday, October 30th. Canaccord Genuity reiterated a “buy” rating and set a $80.00 price objective on shares of Red Robin Gourmet Burgers in a research note on Sunday, October 1st. Finally, Zacks Investment Research upgraded Red Robin Gourmet Burgers from a “hold” rating to a “buy” rating and set a $73.00 price objective for the company in a research note on Tuesday, October 10th. Two analysts have 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 price target of $69.45.

In other Red Robin Gourmet Burgers news, COO Carin Stutz bought 715 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The shares were bought at an average price of $49.15 per share, for a total transaction of $35,142.25. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.66% of the stock is currently owned by corporate insiders.

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Red Robin Gourmet Burgers Profile

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.

Institutional Ownership by Quarter for Red Robin Gourmet Burgers (NASDAQ:RRGB)

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