SG Americas Securities LLC Invests $220,000 in Red Robin Gourmet Burgers, Inc. (RRGB) Stock

SG Americas Securities LLC purchased a new stake in shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 4,729 shares of the restaurant operator’s stock, valued at approximately $220,000.

A number of other large investors also recently added to or reduced their stakes in RRGB. Landscape Capital Management L.L.C. bought a new stake in Red Robin Gourmet Burgers during the first quarter valued at about $9,916,000. Maplelane Capital LLC bought a new stake in Red Robin Gourmet Burgers during the first quarter valued at about $4,640,000. Cortina Asset Management LLC grew its holdings in Red Robin Gourmet Burgers by 68.1% during the first quarter. Cortina Asset Management LLC now owns 110,487 shares of the restaurant operator’s stock valued at $6,408,000 after purchasing an additional 44,774 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Red Robin Gourmet Burgers by 210.0% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 54,642 shares of the restaurant operator’s stock valued at $2,546,000 after purchasing an additional 37,017 shares during the period. Finally, Investment Counselors of Maryland LLC grew its holdings in Red Robin Gourmet Burgers by 8.6% during the second quarter. Investment Counselors of Maryland LLC now owns 444,798 shares of the restaurant operator’s stock valued at $20,728,000 after purchasing an additional 35,134 shares during the period.

Several analysts have issued reports on the company. Maxim Group cut their price target on Red Robin Gourmet Burgers from $68.00 to $54.00 and set a “buy” rating for the company in a report on Thursday, August 2nd. BidaskClub raised Red Robin Gourmet Burgers from a “sell” rating to a “hold” rating in a report on Wednesday, August 22nd. Stephens cut their price target on Red Robin Gourmet Burgers from $75.00 to $50.00 and set an “overweight” rating for the company in a report on Wednesday, August 22nd. Canaccord Genuity reissued a “hold” rating and set a $42.00 price target on shares of Red Robin Gourmet Burgers in a report on Wednesday, August 22nd. Finally, Raymond James lowered Red Robin Gourmet Burgers from an “outperform” rating to a “market perform” rating and set a $75.00 price target for the company. in a report on Thursday, August 2nd. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. Red Robin Gourmet Burgers presently has an average rating of “Hold” and an average target price of $53.73.

Shares of Red Robin Gourmet Burgers stock opened at $39.20 on Thursday. Red Robin Gourmet Burgers, Inc. has a 52 week low of $36.20 and a 52 week high of $70.10. The stock has a market capitalization of $505.57 million, a PE ratio of 15.80, a price-to-earnings-growth ratio of 2.11 and a beta of 0.31. The company has a current ratio of 0.55, a quick ratio of 0.35 and a debt-to-equity ratio of 0.59.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last announced its quarterly earnings data on Tuesday, August 21st. The restaurant operator reported $0.46 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.46. Red Robin Gourmet Burgers had a return on equity of 7.20% and a net margin of 1.01%. The business had revenue of $315.39 million for the quarter, compared to the consensus estimate of $317.38 million. During the same period in the previous year, the business earned $0.61 earnings per share. The business’s revenue was down .6% on a year-over-year basis. equities research analysts anticipate that Red Robin Gourmet Burgers, Inc. will post 1.91 EPS for the current fiscal year.

Red Robin Gourmet Burgers 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. As of December 31, 2017, it operated 480 company-owned restaurants located in 39 states and 2 Canadian provinces; and had 86 casual-dining restaurants operated by franchisees in 15 states.

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

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