Jane Street Group LLC Sells 35,926 Shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB)

Jane Street Group LLC decreased its holdings in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) by 30.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 80,993 shares of the restaurant operator’s stock after selling 35,926 shares during the period. Jane Street Group LLC owned about 0.51% of Red Robin Gourmet Burgers worth $357,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. GSA Capital Partners LLP grew its holdings in shares of Red Robin Gourmet Burgers by 482.8% during the third quarter. GSA Capital Partners LLP now owns 634,961 shares of the restaurant operator’s stock valued at $2,800,000 after buying an additional 526,016 shares during the last quarter. Millennium Management LLC purchased a new stake in shares of Red Robin Gourmet Burgers during the second quarter valued at $2,777,000. Verition Fund Management LLC purchased a new stake in Red Robin Gourmet Burgers in the third quarter valued at $1,082,000. Marshall Wace LLP boosted its holdings in Red Robin Gourmet Burgers by 188.9% in the second quarter. Marshall Wace LLP now owns 368,541 shares of the restaurant operator’s stock valued at $2,790,000 after purchasing an additional 240,954 shares during the last quarter. Finally, Resolute Capital Asset Partners LLC purchased a new stake in Red Robin Gourmet Burgers in the second quarter valued at $1,135,000. Institutional investors own 84.04% of the company’s stock.

Red Robin Gourmet Burgers Stock Performance

NASDAQ:RRGB opened at $5.32 on Thursday. Red Robin Gourmet Burgers, Inc. has a one year low of $2.97 and a one year high of $11.62. The firm has a market cap of $92.53 million, a price-to-earnings ratio of -1.62 and a beta of 2.64. The firm’s fifty day moving average is $5.40 and its two-hundred day moving average is $5.27.

Insiders Place Their Bets

In related news, insider Jumana Capital Investments Llc purchased 800,454 shares of Red Robin Gourmet Burgers stock in a transaction that occurred on Tuesday, December 3rd. The stock was purchased at an average price of $5.19 per share, for a total transaction of $4,154,356.26. Following the transaction, the insider now directly owns 1,614,906 shares in the company, valued at approximately $8,381,362.14. This trade represents a 98.28 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Over the last quarter, insiders bought 846,597 shares of company stock worth $4,393,946. Company insiders own 3.19% of the company’s stock.

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.