Macquarie Group Ltd. Invests $536,000 in Red Robin Gourmet Burgers, Inc. (RRGB) Stock

Macquarie Group Ltd. acquired a new position in shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 8,000 shares of the restaurant operator’s stock, valued at approximately $536,000. Macquarie Group Ltd. owned 0.06% of Red Robin Gourmet Burgers at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Ameriprise Financial Inc. lifted its holdings in shares of Red Robin Gourmet Burgers by 5.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 803,475 shares of the restaurant operator’s stock valued at $53,833,000 after buying an additional 43,870 shares during the period. 361 Capital LLC acquired a new stake in shares of Red Robin Gourmet Burgers in the 3rd quarter valued at approximately $212,000. Hood River Capital Management LLC lifted its holdings in shares of Red Robin Gourmet Burgers by 2.9% in the 3rd quarter. Hood River Capital Management LLC now owns 381,943 shares of the restaurant operator’s stock valued at $25,590,000 after buying an additional 10,606 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of Red Robin Gourmet Burgers by 76.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 216,764 shares of the restaurant operator’s stock valued at $14,523,000 after buying an additional 94,254 shares during the period. Finally, Comerica Bank lifted its holdings in shares of Red Robin Gourmet Burgers by 5.8% in the 3rd quarter. Comerica Bank now owns 51,043 shares of the restaurant operator’s stock valued at $3,558,000 after buying an additional 2,805 shares during the period.

Red Robin Gourmet Burgers, Inc. (NASDAQ RRGB) opened at $53.85 on Thursday. Red Robin Gourmet Burgers, Inc. has a one year low of $45.20 and a one year high of $74.11. The firm has a market capitalization of $686.90, a P/E ratio of 25.78, a P/E/G ratio of 2.28 and a beta of 0.56. The company has a quick ratio of 0.37, a current ratio of 0.56 and a debt-to-equity ratio of 0.76.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last released its quarterly earnings data on Monday, November 6th. The restaurant operator reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.09). Red Robin Gourmet Burgers had a net margin of 0.94% and a return on equity of 7.32%. The firm had revenue of $304.20 million during the quarter, compared to analysts’ expectations of $308.44 million. During the same period in the previous year, the business earned $0.38 earnings per share. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. equities analysts predict that Red Robin Gourmet Burgers, Inc. will post 2.26 earnings per share for the current fiscal year.

Several analysts have recently commented on RRGB shares. Maxim Group reissued a “buy” rating and issued a $75.00 price target on shares of Red Robin Gourmet Burgers in a report on Monday, October 30th. Zacks Investment Research raised Red Robin Gourmet Burgers from a “hold” rating to a “buy” rating and set a $73.00 price target for the company in a report on Tuesday, October 10th. Stifel Nicolaus started coverage on Red Robin Gourmet Burgers in a report on Monday, October 2nd. They issued a “hold” rating and a $62.00 price target for the company. Jefferies Group reduced their price target on Red Robin Gourmet Burgers from $61.00 to $58.00 and set a “hold” rating for the company in a report on Tuesday, November 7th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $70.00 price objective (up from $64.00) on shares of Red Robin Gourmet Burgers in a research note on Tuesday, September 12th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $69.00.

In other news, COO Carin Stutz acquired 715 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The stock was purchased at an average cost of $49.15 per share, with a total value of $35,142.25. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 2.66% of the company’s stock.

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Red Robin Gourmet Burgers Profile

Red Robin Gourmet Burgers, Inc, together with its subsidiaries, primarily develops, operates, and franchises full-service restaurants in North America and focuses on serving selection of gourmet burgers. The Company’s menu features a line of gourmet burgers, which it makes from ground beef, as well as its line of Red’s Tavern Double Burgers and its Red Robin’s line of half-pound Angus beef burgers with various toppings.

Institutional Ownership by Quarter for Red Robin Gourmet Burgers (NASDAQ:RRGB)

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