TIAA CREF Investment Management LLC Sells 1,059 Shares of Red Robin Gourmet Burgers, Inc. (RRGB)

TIAA CREF Investment Management LLC lowered its stake in shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) by 3.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,476 shares of the restaurant operator’s stock after selling 1,059 shares during the quarter. TIAA CREF Investment Management LLC owned 0.21% of Red Robin Gourmet Burgers worth $1,103,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Pacer Advisors Inc. grew its holdings in Red Robin Gourmet Burgers by 215.1% during the third quarter. Pacer Advisors Inc. now owns 3,633 shares of the restaurant operator’s stock worth $146,000 after buying an additional 2,480 shares in the last quarter. MetLife Investment Advisors LLC boosted its stake in shares of Red Robin Gourmet Burgers by 59.0% in the 3rd quarter. MetLife Investment Advisors LLC now owns 9,322 shares of the restaurant operator’s stock valued at $374,000 after purchasing an additional 3,459 shares in the last quarter. Stone Ridge Asset Management LLC lifted its position in Red Robin Gourmet Burgers by 68.7% during the 3rd quarter. Stone Ridge Asset Management LLC now owns 9,876 shares of the restaurant operator’s stock valued at $397,000 after purchasing an additional 4,021 shares during the period. Panagora Asset Management Inc. bought a new position in Red Robin Gourmet Burgers during the 3rd quarter worth $519,000. Finally, First Trust Advisors LP bought a new position in Red Robin Gourmet Burgers in the third quarter valued at about $793,000.

Shares of Red Robin Gourmet Burgers stock traded up $0.06 during trading on Monday, hitting $32.55. 8,894 shares of the stock traded hands, compared to its average volume of 181,921. The company has a current ratio of 0.59, a quick ratio of 0.38 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $421.72 million, a PE ratio of 13.07, a price-to-earnings-growth ratio of 1.96 and a beta of 0.99. Red Robin Gourmet Burgers, Inc. has a 52 week low of $25.46 and a 52 week high of $67.10.

RRGB has been the topic of several research analyst reports. ValuEngine cut Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a research report on Wednesday, January 30th. Jefferies Financial Group cut Red Robin Gourmet Burgers from a “buy” rating to a “hold” rating in a report on Wednesday, December 19th. BidaskClub cut Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a report on Monday, February 4th. Wells Fargo & Co decreased their target price on Red Robin Gourmet Burgers from $43.00 to $36.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 7th. Finally, Maxim Group decreased their target price on Red Robin Gourmet Burgers from $54.00 to $46.00 and set a “buy” rating on the stock in a research note on Friday, November 2nd. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $46.20.

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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. 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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