Red Robin Gourmet Burgers, Inc. (RRGB) Shares Bought by BNP Paribas Arbitrage SA

BNP Paribas Arbitrage SA increased its stake in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) by 34.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,222 shares of the restaurant operator’s stock after buying an additional 2,128 shares during the period. BNP Paribas Arbitrage SA owned about 0.06% of Red Robin Gourmet Burgers worth $551,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. ClariVest Asset Management LLC bought a new stake in shares of Red Robin Gourmet Burgers in the second quarter worth $105,000. Public Employees Retirement System of Ohio increased its stake in shares of Red Robin Gourmet Burgers by 10.3% in the first quarter. Public Employees Retirement System of Ohio now owns 1,759 shares of the restaurant operator’s stock worth $103,000 after buying an additional 164 shares during the last quarter. Daiwa Securities Group Inc. bought a new stake in shares of Red Robin Gourmet Burgers in the third quarter worth $147,000. Acadian Asset Management LLC bought a new stake in shares of Red Robin Gourmet Burgers in the second quarter worth $149,000. Finally, Seven Eight Capital LP bought a new stake in shares of Red Robin Gourmet Burgers in the second quarter worth $163,000.

In other news, COO Carin Stutz purchased 715 shares of Red Robin Gourmet Burgers stock in a transaction dated Tuesday, November 14th. The stock was bought at an average price of $49.15 per share, with a total value of $35,142.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.66% of the company’s stock.

Several research firms have weighed in on RRGB. Jefferies Group lowered their target price on shares of Red Robin Gourmet Burgers from $61.00 to $58.00 and set a “hold” rating for the company in a research note on Tuesday, November 7th. Raymond James Financial lowered 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. Stifel Nicolaus lowered their target price on shares of Red Robin Gourmet Burgers from $62.00 to $58.00 and set a “hold” rating for the company in a research note on Tuesday, November 7th. Maxim Group lowered shares of Red Robin Gourmet Burgers from a “buy” rating to a “hold” rating and lowered their target price for the company from $75.00 to $60.00 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 for the company in a research note on Tuesday, November 7th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. Red Robin Gourmet Burgers currently has a consensus rating of “Hold” and a consensus price target of $69.00.

Shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) opened at $51.55 on Friday. The company has a current ratio of 0.56, a quick ratio of 0.37 and a debt-to-equity ratio of 0.76. Red Robin Gourmet Burgers, Inc. has a 12 month low of $45.20 and a 12 month high of $74.11. The firm has a market cap of $666.43, a price-to-earnings ratio of 24.25, a price-to-earnings-growth ratio of 2.14 and a beta of 0.55.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last announced its quarterly earnings results on Monday, November 6th. The restaurant operator reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $304.20 million for the quarter, compared to analyst estimates of $308.44 million. During the same period last year, the firm posted $0.38 EPS. The business’s revenue was up 2.3% compared to the same quarter last year. equities research analysts forecast that Red Robin Gourmet Burgers, Inc. will post 2.26 EPS for the current year.

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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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