Resolute Capital Asset Partners LLC acquired a new stake in shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 150,000 shares of the restaurant operator’s stock, valued at approximately $1,135,000. Resolute Capital Asset Partners LLC owned 0.96% of Red Robin Gourmet Burgers as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently bought and sold shares of the company. Fund 1 Investments LLC raised its holdings in Red Robin Gourmet Burgers by 253.0% in the 4th quarter. Fund 1 Investments LLC now owns 304,429 shares of the restaurant operator’s stock valued at $3,796,000 after acquiring an additional 218,187 shares during the last quarter. Pacific Ridge Capital Partners LLC lifted its position in Red Robin Gourmet Burgers by 23.0% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 637,588 shares of the restaurant operator’s stock worth $7,951,000 after buying an additional 119,351 shares during the period. First Eagle Investment Management LLC lifted its position in Red Robin Gourmet Burgers by 11.0% during the first quarter. First Eagle Investment Management LLC now owns 986,837 shares of the restaurant operator’s stock worth $7,559,000 after buying an additional 97,424 shares during the period. Quadrature Capital Ltd acquired a new stake in Red Robin Gourmet Burgers in the 1st quarter worth about $166,000. Finally, Virtu Financial LLC purchased a new stake in Red Robin Gourmet Burgers in the 1st quarter valued at about $149,000. Institutional investors and hedge funds own 84.04% of the company’s stock.
Red Robin Gourmet Burgers Price Performance
NASDAQ RRGB opened at $3.71 on Thursday. Red Robin Gourmet Burgers, Inc. has a 1-year low of $2.97 and a 1-year high of $12.80. The firm has a market capitalization of $58.19 million, a P/E ratio of -2.11 and a beta of 2.74. The business’s 50-day simple moving average is $4.74 and its 200-day simple moving average is $6.30.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on the stock. Lake Street Capital cut their price objective on shares of Red Robin Gourmet Burgers from $17.00 to $16.00 and set a “buy” rating on the stock in a report on Friday, August 23rd. Craig Hallum cut their price target on shares of Red Robin Gourmet Burgers from $15.00 to $11.50 and set a “buy” rating on the stock in a research note on Friday, August 23rd. Finally, Benchmark decreased their price target on shares of Red Robin Gourmet Burgers from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $13.13.
Check Out Our Latest Research Report on RRGB
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.
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