Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC boosted its position in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) by 12.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 194,316 shares of the restaurant operator’s stock after purchasing an additional 21,062 shares during the period. Geode Capital Management LLC owned about 1.23% of Red Robin Gourmet Burgers worth $857,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in RRGB. GSA Capital Partners LLP lifted its position in Red Robin Gourmet Burgers by 482.8% in the third quarter. GSA Capital Partners LLP now owns 634,961 shares of the restaurant operator’s stock valued at $2,800,000 after purchasing an additional 526,016 shares during the period. Millennium Management LLC acquired a new stake in Red Robin Gourmet Burgers in the second quarter valued at about $2,777,000. Verition Fund Management LLC acquired a new stake in Red Robin Gourmet Burgers in the third quarter valued at about $1,082,000. Marshall Wace LLP lifted its position 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 period. Finally, Resolute Capital Asset Partners LLC acquired a new stake in Red Robin Gourmet Burgers in the second quarter valued at about $1,135,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

Insider Activity

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

Red Robin Gourmet Burgers Stock Up 0.8 %

Shares of NASDAQ:RRGB opened at $5.36 on Friday. The company has a market cap of $93.22 million, a P/E ratio of -1.63 and a beta of 2.64. Red Robin Gourmet Burgers, Inc. has a 52 week low of $2.97 and a 52 week high of $11.62. The company has a 50-day moving average price of $5.38 and a 200 day moving average price of $5.25.

About Red Robin Gourmet Burgers

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.