Cubist Systematic Strategies LLC Invests $181,000 in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB)

Cubist Systematic Strategies LLC acquired a new position in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) in the fourth quarter, HoldingsChannel reports. The firm acquired 32,958 shares of the restaurant operator’s stock, valued at approximately $181,000.

A number of other hedge funds have also recently made changes to their positions in RRGB. R Squared Ltd bought a new stake in shares of Red Robin Gourmet Burgers in the 4th quarter worth approximately $52,000. Raymond James Financial Inc. bought a new stake in Red Robin Gourmet Burgers during the 4th quarter valued at $63,000. Commonwealth Equity Services LLC raised its holdings in Red Robin Gourmet Burgers by 101.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 71,032 shares of the restaurant operator’s stock valued at $390,000 after buying an additional 35,767 shares during the last quarter. Pacific Ridge Capital Partners LLC raised its holdings in Red Robin Gourmet Burgers by 8.7% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 1,069,632 shares of the restaurant operator’s stock valued at $5,872,000 after buying an additional 85,518 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in Red Robin Gourmet Burgers by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 198,525 shares of the restaurant operator’s stock valued at $1,090,000 after buying an additional 4,209 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

RRGB has been the subject of a number of recent analyst reports. StockNews.com lowered shares of Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a report on Saturday, March 8th. CL King upgraded shares of Red Robin Gourmet Burgers from a “neutral” rating to a “buy” rating and set a $10.00 price target for the company in a report on Thursday, February 27th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $13.38.

Red Robin Gourmet Burgers Trading Up 2.8%

Shares of NASDAQ RRGB opened at $3.28 on Monday. Red Robin Gourmet Burgers, Inc. has a 12 month low of $2.50 and a 12 month high of $9.20. The firm has a market capitalization of $57.80 million, a PE ratio of -1.00 and a beta of 2.11. The firm has a fifty day simple moving average of $3.28 and a two-hundred day simple moving average of $4.65.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last issued its quarterly earnings data on Wednesday, February 26th. The restaurant operator reported ($0.94) EPS for the quarter, missing the consensus estimate of ($0.50) by ($0.44). The business had revenue of $285.23 million for the quarter, compared to analyst estimates of $285.20 million. During the same period in the previous year, the business earned ($0.66) EPS. On average, sell-side analysts predict that Red Robin Gourmet Burgers, Inc. will post -2.94 earnings per share for the current year.

Insiders Place Their Bets

In other Red Robin Gourmet Burgers news, CEO Gerard Johan Hart sold 11,467 shares of the company’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $4.39, for a total value of $50,340.13. Following the completion of the transaction, the chief executive officer now directly owns 575,270 shares in the company, valued at approximately $2,525,435.30. This represents a 1.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders sold 52,759 shares of company stock worth $227,353. 3.19% of the stock is currently owned by corporate insiders.

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.