Red Robin Gourmet Burgers, Inc. (RRGB) Stake Raised by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lifted its position in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) by 18.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,340 shares of the restaurant operator’s stock after buying an additional 1,289 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.06% of Red Robin Gourmet Burgers worth $559,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Teachers Advisors LLC raised its stake in Red Robin Gourmet Burgers by 0.6% in the first quarter. Teachers Advisors LLC now owns 21,896 shares of the restaurant operator’s stock valued at $1,280,000 after purchasing an additional 126 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its stake in 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. Great West Life Assurance Co. Can raised its stake in Red Robin Gourmet Burgers by 5.2% in the second quarter. Great West Life Assurance Co. Can now owns 18,180 shares of the restaurant operator’s stock valued at $1,185,000 after purchasing an additional 900 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in Red Robin Gourmet Burgers by 11.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 108,295 shares of the restaurant operator’s stock valued at $7,067,000 after purchasing an additional 11,261 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its stake in Red Robin Gourmet Burgers by 45.2% in the second quarter. Advisors Asset Management Inc. now owns 3,297 shares of the restaurant operator’s stock valued at $215,000 after purchasing an additional 1,027 shares in the last quarter.

Red Robin Gourmet Burgers, Inc. (NASDAQ RRGB) opened at $55.05 on Tuesday. Red Robin Gourmet Burgers, Inc. has a 52-week low of $45.20 and a 52-week high of $74.11. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.37 and a current ratio of 0.56. The company has a market cap of $737.81, a P/E ratio of 57.34, a price-to-earnings-growth ratio of 2.28 and a beta of 0.55.

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

In other Red Robin Gourmet Burgers news, COO Carin Stutz purchased 715 shares of Red Robin Gourmet Burgers stock in a transaction on Tuesday, November 14th. The shares were acquired at an average cost of $49.15 per share, for a total transaction of $35,142.25. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.66% of the stock is owned by company insiders.

A number of brokerages recently weighed in on RRGB. Maxim Group reaffirmed a “buy” rating and issued a $75.00 target price on shares of Red Robin Gourmet Burgers in a research note on Monday, October 30th. Stifel Nicolaus began coverage on shares of Red Robin Gourmet Burgers in a research note on Monday, October 2nd. They issued a “hold” rating and a $62.00 target price on the stock. Jefferies Group lowered their target price on shares of Red Robin Gourmet Burgers from $61.00 to $58.00 and set a “hold” rating on the stock in a research note on Tuesday, November 7th. Raymond James Financial downgraded shares of Red Robin Gourmet Burgers from a “strong-buy” rating to an “outperform” rating and lowered their target price for the company from $77.50 to $65.00 in a research note on Tuesday, November 7th. Finally, BTIG Research lowered their target price on shares of Red Robin Gourmet Burgers from $70.00 to $63.00 and set a “buy” rating on the stock in a research note on Tuesday, November 7th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $69.45.

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Red Robin Gourmet Burgers Company 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.

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

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