Sei Investments Co. Has $1.24 Million Position in Red Robin Gourmet Burgers, Inc. (RRGB)

Sei Investments Co. increased its position in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) by 36.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 18,557 shares of the restaurant operator’s stock after purchasing an additional 4,991 shares during the quarter. Sei Investments Co. owned approximately 0.14% of Red Robin Gourmet Burgers worth $1,242,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Red Robin Gourmet Burgers by 5.5% in the 2nd quarter. Vanguard Group Inc. now owns 704,965 shares of the restaurant operator’s stock valued at $45,998,000 after purchasing an additional 36,847 shares during the period. FMR LLC bought a new position in Red Robin Gourmet Burgers in the 2nd quarter valued at about $1,811,000. Schwab Charles Investment Management Inc. raised its holdings in Red Robin Gourmet Burgers by 11.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 108,295 shares of the restaurant operator’s stock valued at $7,067,000 after acquiring an additional 11,261 shares during the period. Crawford Lake Capital Management LLC bought a new position in Red Robin Gourmet Burgers in the 2nd quarter valued at about $2,084,000. Finally, Monarch Partners Asset Management LLC raised its holdings in Red Robin Gourmet Burgers by 37.9% in the 3rd quarter. Monarch Partners Asset Management LLC now owns 334,663 shares of the restaurant operator’s stock valued at $22,422,000 after acquiring an additional 92,001 shares during the period.

Red Robin Gourmet Burgers, Inc. (RRGB) opened at $53.20 on Friday. Red Robin Gourmet Burgers, Inc. has a fifty-two week low of $45.20 and a fifty-two week high of $74.11. The company has a market cap of $693.37, a P/E ratio of 26.02, a PEG ratio of 2.30 and a beta of 0.56. 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 (NASDAQ:RRGB) last announced its earnings results on Monday, November 6th. The restaurant operator reported $0.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.09). Red Robin Gourmet Burgers had a return on equity of 7.32% and a net margin of 0.94%. The business had revenue of $304.20 million for the quarter, compared to the consensus estimate of $308.44 million. During the same period in the prior year, the business posted $0.38 earnings per share. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. research analysts predict that Red Robin Gourmet Burgers, Inc. will post 2.26 EPS for the current fiscal year.

Several research analysts have weighed in on RRGB shares. BTIG Research lowered their price target on shares of Red Robin Gourmet Burgers from $70.00 to $63.00 and set a “buy” rating on the stock in a report on Tuesday, November 7th. Maxim Group reissued a “buy” rating and issued a $75.00 price target on shares of Red Robin Gourmet Burgers in a report on Monday, October 30th. Canaccord Genuity reissued a “buy” rating and issued a $80.00 price target on shares of Red Robin Gourmet Burgers in a report on Sunday, October 1st. Zacks Investment Research raised shares of Red Robin Gourmet Burgers from a “hold” rating to a “buy” rating and set a $73.00 price target on the stock in a report on Tuesday, October 10th. Finally, Stifel Nicolaus started coverage on shares of Red Robin Gourmet Burgers in a report on Monday, October 2nd. They issued a “hold” rating and a $62.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. Red Robin Gourmet Burgers currently has an average rating of “Hold” and a consensus price target of $69.00.

In other Red Robin Gourmet Burgers news, COO Carin Stutz bought 715 shares of the stock in a transaction dated Tuesday, November 14th. The shares were bought at an average cost of $49.15 per share, with a total value of $35,142.25. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.66% of the stock is currently owned by company insiders.

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About Red Robin Gourmet Burgers

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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