Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) CEO Paul J. B. Murphy III Purchases 10,000 Shares

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) CEO Paul J. B. Murphy III bought 10,000 shares of Red Robin Gourmet Burgers stock in a transaction dated Tuesday, December 3rd. The stock was purchased at an average cost of $27.32 per share, with a total value of $273,200.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Red Robin Gourmet Burgers stock traded down $0.74 during trading hours on Wednesday, reaching $26.64. 251,654 shares of the company’s stock were exchanged, compared to its average volume of 329,215. Red Robin Gourmet Burgers, Inc. has a 52-week low of $24.57 and a 52-week high of $36.85. The firm has a market capitalization of $352.86 million, a price-to-earnings ratio of 15.40, a price-to-earnings-growth ratio of 3.60 and a beta of 1.13. The company has a fifty day moving average of $28.92 and a 200-day moving average of $31.20. The company has a current ratio of 0.38, a quick ratio of 0.24 and a debt-to-equity ratio of 1.82.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last issued its quarterly earnings results on Tuesday, November 5th. The restaurant operator reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $294.22 million for the quarter, compared to analysts’ expectations of $289.52 million. During the same period in the prior year, the company earned $0.16 EPS. The company’s revenue for the quarter was down .2% compared to the same quarter last year. On average, equities research analysts anticipate that Red Robin Gourmet Burgers, Inc. will post 0.78 earnings per share for the current fiscal year.

Several brokerages have recently commented on RRGB. Bank of America lowered Red Robin Gourmet Burgers from a “neutral” rating to an “underperform” rating and set a $30.00 price target on the stock. in a research note on Tuesday, August 27th. BidaskClub lowered Red Robin Gourmet Burgers from a “sell” rating to a “strong sell” rating in a research note on Saturday, November 9th. ValuEngine raised Red Robin Gourmet Burgers from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 8th. Stephens set a $36.00 price target on Red Robin Gourmet Burgers and gave the stock a “buy” rating in a research note on Monday, August 26th. Finally, Raymond James reissued a “hold” rating on shares of Red Robin Gourmet Burgers in a research note on Friday, September 6th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $34.33.

Several hedge funds have recently added to or reduced their stakes in the company. State of Tennessee Treasury Department increased its holdings in shares of Red Robin Gourmet Burgers by 8.5% during the 3rd quarter. State of Tennessee Treasury Department now owns 5,697 shares of the restaurant operator’s stock worth $189,000 after buying an additional 448 shares during the last quarter. Swiss National Bank boosted its stake in Red Robin Gourmet Burgers by 2.5% in the 2nd 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 Red Robin Gourmet Burgers in the 2nd quarter worth approximately $31,000. Smith Graham & Co. Investment Advisors LP boosted its stake in Red Robin Gourmet Burgers by 0.6% in the 3rd quarter. Smith Graham & Co. Investment Advisors LP now owns 201,564 shares of the restaurant operator’s stock worth $6,704,000 after purchasing an additional 1,120 shares during the period. Finally, Tower Research Capital LLC TRC boosted its stake in Red Robin Gourmet Burgers by 65.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,102 shares of the restaurant operator’s stock worth $125,000 after purchasing an additional 1,629 shares during the period.

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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