Red Robin Gourmet Burgers, Inc. (RRGB) Holdings Raised by Cramer Rosenthal Mcglynn LLC

Cramer Rosenthal Mcglynn LLC boosted its position in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) by 17.4% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 295,186 shares of the restaurant operator’s stock after purchasing an additional 43,720 shares during the period. Cramer Rosenthal Mcglynn LLC owned about 2.28% of Red Robin Gourmet Burgers worth $19,777,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. BlackRock Inc. boosted its stake in Red Robin Gourmet Burgers by 1.3% in the second quarter. BlackRock Inc. now owns 1,581,338 shares of the restaurant operator’s stock valued at $103,184,000 after acquiring an additional 20,059 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Red Robin Gourmet Burgers by 0.5% in the third quarter. Dimensional Fund Advisors LP now owns 1,084,594 shares of the restaurant operator’s stock valued at $72,667,000 after acquiring an additional 5,068 shares during the last quarter. Daruma Capital Management LLC boosted its stake in Red Robin Gourmet Burgers by 225.6% in the second quarter. Daruma Capital Management LLC now owns 856,225 shares of the restaurant operator’s stock valued at $55,869,000 after acquiring an additional 593,278 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Red Robin Gourmet Burgers by 5.8% in the third quarter. Ameriprise Financial Inc. now owns 803,475 shares of the restaurant operator’s stock valued at $53,833,000 after acquiring an additional 43,870 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in Red Robin Gourmet Burgers by 5.5% in the second quarter. Vanguard Group Inc. now owns 704,965 shares of the restaurant operator’s stock valued at $45,998,000 after acquiring an additional 36,847 shares during the last quarter.

Red Robin Gourmet Burgers, Inc. (NASDAQ RRGB) opened at $49.95 on Wednesday. The company has a market cap of $633.22, a price-to-earnings ratio of 23.76, a PEG ratio of 2.10 and a beta of 0.56. Red Robin Gourmet Burgers, Inc. has a twelve month low of $45.20 and a twelve month high of $74.11. The company has a quick ratio of 0.37, a current ratio of 0.56 and a debt-to-equity ratio of 0.76.

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 the Zacks’ consensus estimate of $0.30 by ($0.09). The company had revenue of $304.20 million during the quarter, compared to the consensus estimate of $308.44 million. Red Robin Gourmet Burgers had a return on equity of 7.32% and a net margin of 0.94%. Red Robin Gourmet Burgers’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.38 EPS. equities research analysts expect that Red Robin Gourmet Burgers, Inc. will post 2.26 earnings per share for the current fiscal year.

In related news, COO Carin Stutz purchased 715 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The shares were purchased at an average price of $49.15 per share, with a total value of $35,142.25. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 2.66% of the stock is owned by corporate insiders.

A number of analysts recently commented on the stock. BTIG Research upgraded shares of Red Robin Gourmet Burgers from a “neutral” rating to a “buy” rating and set a $64.00 price target on the stock in a research note on Wednesday, August 9th. Maxim Group restated a “buy” rating and set a $75.00 price target on shares of Red Robin Gourmet Burgers in a research note on Wednesday, August 9th. Canaccord Genuity restated a “buy” rating and set a $80.00 price target (down from $90.00) on shares of Red Robin Gourmet Burgers in a research note on Wednesday, August 9th. Raymond James Financial set a $75.00 price target on shares of Red Robin Gourmet Burgers and gave the company a “buy” rating in a research note on Wednesday, August 9th. Finally, Zacks Investment Research upgraded shares of Red Robin Gourmet Burgers from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. Two analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $69.00.

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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.

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

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