Red Robin Gourmet Burgers, Inc. (RRGB) Position Lifted by Smith Graham & Co. Investment Advisors LP

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Smith Graham & Co. Investment Advisors LP boosted its holdings in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) by 24.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 213,607 shares of the restaurant operator’s stock after acquiring an additional 41,320 shares during the period. Smith Graham & Co. Investment Advisors LP’s holdings in Red Robin Gourmet Burgers were worth $8,576,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Piedmont Investment Advisors LLC purchased a new stake in Red Robin Gourmet Burgers in the second quarter valued at approximately $141,000. Winslow Evans & Crocker Inc. raised its position in Red Robin Gourmet Burgers by 75.0% in the second quarter. Winslow Evans & Crocker Inc. now owns 3,500 shares of the restaurant operator’s stock valued at $164,000 after purchasing an additional 1,500 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in Red Robin Gourmet Burgers in the second quarter valued at approximately $207,000. SG Americas Securities LLC purchased a new stake in Red Robin Gourmet Burgers in the second quarter valued at approximately $220,000. Finally, Bessemer Group Inc. raised its position in Red Robin Gourmet Burgers by 239.3% in the second quarter. Bessemer Group Inc. now owns 9,500 shares of the restaurant operator’s stock valued at $443,000 after purchasing an additional 6,700 shares during the period.

Red Robin Gourmet Burgers stock opened at $30.79 on Tuesday. Red Robin Gourmet Burgers, Inc. has a twelve month low of $30.39 and a twelve month high of $70.10. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.35 and a current ratio of 0.55. The firm has a market cap of $414.20 million, a PE ratio of 12.37, a P/E/G ratio of 1.73 and a beta of 0.28.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last posted its quarterly earnings data on Tuesday, August 21st. The restaurant operator reported $0.46 earnings per share for the quarter, hitting analysts’ consensus estimates 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 analyst estimates of $317.38 million. During the same quarter in the prior year, the company earned $0.61 earnings per share. The company’s revenue was down .6% on a year-over-year basis. Analysts predict that Red Robin Gourmet Burgers, Inc. will post 1.91 EPS for the current year.

RRGB has been the topic of a number of research analyst reports. Zacks Investment Research lowered Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a research report on Tuesday, July 10th. BidaskClub lowered Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a research report on Wednesday, July 18th. Canaccord Genuity lowered Red Robin Gourmet Burgers from a “buy” rating to a “hold” rating and cut their target price for the company from $65.00 to $42.00 in a research report on Thursday, August 2nd. Raymond James lowered Red Robin Gourmet Burgers from an “outperform” rating to a “market perform” rating and set a $75.00 target price on the stock. in a research report on Thursday, August 2nd. Finally, Maxim Group cut their target price on Red Robin Gourmet Burgers from $68.00 to $54.00 and set a “buy” rating on the stock in a research report on Thursday, August 2nd. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $52.17.

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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