7,678 Shares in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) Purchased by Quantbot Technologies LP

Quantbot Technologies LP purchased a new stake in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 7,678 shares of the restaurant operator’s stock, valued at approximately $34,000.

Several other large investors also recently made changes to their positions in the business. GSA Capital Partners LLP raised its holdings in shares of Red Robin Gourmet Burgers by 482.8% in the 3rd quarter. GSA Capital Partners LLP now owns 634,961 shares of the restaurant operator’s stock worth $2,800,000 after purchasing an additional 526,016 shares in the last quarter. Bleakley Financial Group LLC acquired a new position in Red Robin Gourmet Burgers in the third quarter worth approximately $537,000. Point72 DIFC Ltd bought a new position in shares of Red Robin Gourmet Burgers in the second quarter valued at $55,000. Cubist Systematic Strategies LLC bought a new position in shares of Red Robin Gourmet Burgers in the second quarter valued at $598,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Red Robin Gourmet Burgers during the 2nd quarter valued at $172,000. Institutional investors own 84.04% of the company’s stock.

Insiders Place Their Bets

In related news, insider Jumana Capital Investments Llc bought 45,000 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was bought at an average price of $5.18 per share, for a total transaction of $233,100.00. Following the transaction, the insider now directly owns 814,452 shares in the company, valued at $4,218,861.36. This represents a 5.85 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In the last ninety days, insiders acquired 846,597 shares of company stock worth $4,393,946. 3.19% of the stock is currently owned by company insiders.

Red Robin Gourmet Burgers Stock Down 3.6 %

Shares of Red Robin Gourmet Burgers stock opened at $5.59 on Friday. Red Robin Gourmet Burgers, Inc. has a 12 month low of $2.97 and a 12 month high of $12.80. The stock has a market cap of $88.21 million, a PE ratio of -1.70 and a beta of 2.68. The business has a fifty day simple moving average of $5.45 and a 200-day simple moving average of $5.64.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Lake Street Capital cut their target price on Red Robin Gourmet Burgers from $17.00 to $16.00 and set a “buy” rating on the stock in a research report on Friday, August 23rd. Craig Hallum cut their price objective on Red Robin Gourmet Burgers from $15.00 to $11.50 and set a “buy” rating on the stock in a report on Friday, August 23rd. Finally, Benchmark reduced their price objective on shares of Red Robin Gourmet Burgers from $18.00 to $16.00 and set a “buy” rating for the company in a research note on Tuesday, August 20th.

Red Robin Gourmet Burgers Profile

Red Robin Gourmet Burgers, Inc, together with its subsidiaries, develops, operates, and franchises casual-dining restaurants, in North America and one Canadian province. Its restaurants primarily offer burgers and pizza, appetizers, salads, soups, other entrees, desserts, wings, milkshakes, alcoholic and non-alcoholic specialty drinks, cocktails, wine, and beers.