Stock Traders Purchase Large Volume of Red Robin Gourmet Burgers Call Options (RRGB)

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) saw unusually large options trading on Thursday. Traders purchased 3,748 call options on the stock. This represents an increase of 1,201% compared to the average volume of 288 call options.

A number of equities research analysts have recently weighed in on RRGB shares. Zacks Investment Research upgraded 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. Raymond James Financial set a $75.00 price target on Red Robin Gourmet Burgers and gave the company a “buy” rating in a report on Wednesday, August 9th. Canaccord Genuity reiterated a “buy” rating and issued a $80.00 price target (down from $90.00) on shares of Red Robin Gourmet Burgers in a report on Wednesday, August 9th. Maxim Group reiterated a “buy” rating and issued a $75.00 price target on shares of Red Robin Gourmet Burgers in a report on Wednesday, August 9th. Finally, BTIG Research upgraded Red Robin Gourmet Burgers from a “neutral” rating to a “buy” rating and set a $64.00 price target for the company in a report on Wednesday, August 9th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. Red Robin Gourmet Burgers currently has a consensus rating of “Hold” and a consensus price target of $69.00.

In other Red Robin Gourmet Burgers news, COO Carin Stutz acquired 715 shares of the company’s stock in a transaction on Tuesday, November 14th. The shares were bought at an average cost of $49.15 per share, for a total transaction of $35,142.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.66% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio boosted its position in Red Robin Gourmet Burgers by 10.3% during the 1st quarter. Public Employees Retirement System of Ohio now owns 1,759 shares of the restaurant operator’s stock valued at $103,000 after purchasing an additional 164 shares during the period. ClariVest Asset Management LLC acquired a new position in Red Robin Gourmet Burgers during the 2nd quarter valued at approximately $105,000. Daiwa Securities Group Inc. acquired a new position in Red Robin Gourmet Burgers during the 3rd quarter valued at approximately $147,000. Acadian Asset Management LLC acquired a new position in Red Robin Gourmet Burgers during the 2nd quarter valued at approximately $149,000. Finally, Seven Eight Capital LP acquired a new position in Red Robin Gourmet Burgers during the 2nd quarter valued at approximately $163,000.

Red Robin Gourmet Burgers (RRGB) opened at $50.55 on Tuesday. Red Robin Gourmet Burgers has a 12-month low of $45.20 and a 12-month high of $74.11. The stock has a market capitalization of $633.22, a P/E ratio of 23.76, a P/E/G ratio of 2.10 and a beta of 0.56. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.37 and a current ratio of 0.56.

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 (EPS) for the quarter, missing the Zacks’ 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 company had revenue of $304.20 million for the quarter, compared to analyst estimates of $308.44 million. During the same quarter in the prior year, the firm earned $0.38 EPS. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. equities analysts forecast that Red Robin Gourmet Burgers will post 2.26 earnings per share for the current fiscal year.

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About Red Robin Gourmet Burgers

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.

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