Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) Short Interest Update

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 3,873,700 shares, an increase of 8.4% from the May 15th total of 3,572,200 shares. Currently, 30.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 447,800 shares, the short-interest ratio is presently 8.7 days.

In other Red Robin Gourmet Burgers news, major shareholder Vintage Capital Management Llc purchased 203,336 shares of Red Robin Gourmet Burgers stock in a transaction that occurred on Friday, May 31st. The shares were bought at an average price of $25.97 per share, for a total transaction of $5,280,635.92. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Glenn B. Kaufman purchased 1,000 shares of Red Robin Gourmet Burgers stock in a transaction that occurred on Monday, June 10th. The stock was acquired at an average price of $26.50 per share, for a total transaction of $26,500.00. Following the transaction, the director now directly owns 29,733 shares of the company’s stock, valued at approximately $787,924.50. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 206,336 shares of company stock worth $5,359,136. Company insiders own 2.08% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Rhumbline Advisers lifted its stake in Red Robin Gourmet Burgers by 20.6% during the fourth quarter. Rhumbline Advisers now owns 38,446 shares of the restaurant operator’s stock worth $1,027,000 after purchasing an additional 6,563 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Red Robin Gourmet Burgers in the fourth quarter valued at $3,132,000. Oregon Public Employees Retirement Fund purchased a new position in Red Robin Gourmet Burgers during the fourth quarter worth about $132,000. Prudential Financial Inc. lifted its position in Red Robin Gourmet Burgers by 219.0% during the fourth quarter. Prudential Financial Inc. now owns 177,095 shares of the restaurant operator’s stock worth $4,732,000 after buying an additional 121,578 shares during the period. Finally, First Trust Advisors LP lifted its position in Red Robin Gourmet Burgers by 18.5% during the fourth quarter. First Trust Advisors LP now owns 23,397 shares of the restaurant operator’s stock worth $625,000 after buying an additional 3,656 shares during the period.

Red Robin Gourmet Burgers stock traded up $3.70 during trading hours on Friday, reaching $34.30. The stock had a trading volume of 1,565,542 shares, compared to its average volume of 342,603. Red Robin Gourmet Burgers has a 52 week low of $24.57 and a 52 week high of $51.28. The company has a current ratio of 0.44, a quick ratio of 0.30 and a debt-to-equity ratio of 1.90. The company has a market capitalization of $444.73 million, a P/E ratio of 19.83, a price-to-earnings-growth ratio of 2.83 and a beta of 1.15. The stock has a 50 day moving average of $29.71.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last posted its quarterly earnings data on Thursday, May 30th. The restaurant operator reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.29). The company had revenue of $409.87 million for the quarter, compared to analyst estimates of $408.98 million. Red Robin Gourmet Burgers had a negative net margin of 0.77% and a positive return on equity of 4.14%. The business’s revenue was down 2.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.69 EPS. On average, equities analysts anticipate that Red Robin Gourmet Burgers will post 1.25 earnings per share for the current fiscal year.

Several research analysts have commented on the stock. BidaskClub raised shares of YY from a “strong sell” rating to a “sell” rating in a research note on Thursday, May 30th. Raymond James reissued a “buy” rating on shares of Teck Resources in a research note on Thursday, April 4th. Bank of America set a $152.00 target price on shares of Caterpillar and gave the company a “buy” rating in a research note on Thursday, April 4th. TheStreet lowered shares of Urban Outfitters from a “b-” rating to a “c+” rating in a research note on Thursday, May 30th. Finally, Zacks Investment Research lowered shares of HANNOVER RUECK/S from a “hold” rating to a “sell” rating in a research note on Monday, April 22nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $42.70.

Red Robin Gourmet Burgers Company Profile

Red Robin Gourmet Burgers, Inc, together with its subsidiaries, develops, operates, and franchises full-service and casual-dining restaurants in the United States and Canada. The company's restaurants primarily offer burgers; various appetizers, salads, soups, seafood, and other entrees; and desserts, milkshakes, alcoholic and non-alcoholic specialty drinks, cocktails, wine, and beers.

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