Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) was the recipient of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 2,500,000 shares, a decrease of 11.7% from the September 30th total of 2,830,000 shares. Currently, 22.1% of the company’s stock are sold short. Based on an average daily trading volume, of 288,600 shares, the days-to-cover ratio is presently 8.7 days.
NASDAQ:RRGB traded up $0.37 during mid-day trading on Monday, hitting $26.46. 5,556 shares of the stock traded hands, compared to its average volume of 257,102. The business’s 50-day moving average price is $30.94 and its 200 day moving average price is $31.82. The company has a market cap of $339.28 million, a PE ratio of 15.29, a price-to-earnings-growth ratio of 3.46 and a beta of 1.23. Red Robin Gourmet Burgers has a 12-month low of $24.57 and a 12-month high of $36.85. The company has a quick ratio of 0.24, a current ratio of 0.38 and a debt-to-equity ratio of 1.82.
Red Robin Gourmet Burgers (NASDAQ:RRGB) last released its quarterly earnings results on Tuesday, November 5th. The restaurant operator reported ($0.24) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.22) by ($0.02). Red Robin Gourmet Burgers had a positive return on equity of 4.89% and a negative net margin of 0.82%. The company had revenue of $294.22 million during the quarter, compared to analysts’ expectations of $289.52 million. During the same period in the prior year, the firm earned $0.16 EPS. Red Robin Gourmet Burgers’s quarterly revenue was down .2% on a year-over-year basis. Analysts anticipate that Red Robin Gourmet Burgers will post 0.78 earnings per share for the current fiscal year.
A number of large investors have recently bought and sold shares of RRGB. State of Tennessee Treasury Department raised its stake in shares of Red Robin Gourmet Burgers by 8.5% during the third quarter. State of Tennessee Treasury Department now owns 5,697 shares of the restaurant operator’s stock valued at $189,000 after acquiring an additional 448 shares during the last quarter. Swiss National Bank grew its holdings in Red Robin Gourmet Burgers by 2.5% in the second quarter. Swiss National Bank now owns 24,200 shares of the restaurant operator’s stock worth $740,000 after purchasing an additional 600 shares during the period. Kavar Capital Partners LLC acquired a new position in shares of Red Robin Gourmet Burgers during the second quarter valued at about $31,000. Smith Graham & Co. Investment Advisors LP grew its holdings in shares of Red Robin Gourmet Burgers by 0.6% during the third quarter. Smith Graham & Co. Investment Advisors LP now owns 201,564 shares of the restaurant operator’s stock valued at $6,704,000 after buying an additional 1,120 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in shares of Red Robin Gourmet Burgers by 65.9% during the second quarter. Tower Research Capital LLC TRC now owns 4,102 shares of the restaurant operator’s stock valued at $125,000 after purchasing an additional 1,629 shares in the last quarter.
About Red Robin Gourmet Burgers
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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