Falcon Point Capital LLC Sells 29,230 Shares of Red Robin Gourmet Burgers, Inc. (RRGB)

Falcon Point Capital LLC decreased its position in shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) by 18.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 130,828 shares of the restaurant operator’s stock after selling 29,230 shares during the period. Falcon Point Capital LLC owned approximately 1.01% of Red Robin Gourmet Burgers worth $7,379,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. BlackRock Inc. increased its position in Red Robin Gourmet Burgers by 1.3% during the 2nd quarter. BlackRock Inc. now owns 1,581,338 shares of the restaurant operator’s stock worth $103,184,000 after buying an additional 20,059 shares during the period. Dimensional Fund Advisors LP increased its position in Red Robin Gourmet Burgers by 0.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,084,594 shares of the restaurant operator’s stock worth $72,667,000 after buying an additional 5,068 shares during the period. Ameriprise Financial Inc. increased its position in Red Robin Gourmet Burgers by 5.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 803,475 shares of the restaurant operator’s stock worth $53,833,000 after buying an additional 43,870 shares during the period. Vanguard Group Inc. increased its position in Red Robin Gourmet Burgers by 5.5% during the 2nd quarter. Vanguard Group Inc. now owns 704,965 shares of the restaurant operator’s stock worth $45,998,000 after buying an additional 36,847 shares during the period. Finally, Wedge Capital Management L L P NC increased its position in Red Robin Gourmet Burgers by 8.1% during the 4th quarter. Wedge Capital Management L L P NC now owns 391,420 shares of the restaurant operator’s stock worth $22,076,000 after buying an additional 29,339 shares during the period.

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) opened at $53.90 on Tuesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.56 and a quick ratio of 0.37. Red Robin Gourmet Burgers, Inc. has a 12-month low of $45.35 and a 12-month high of $74.11. The company has a market capitalization of $688.20, a price-to-earnings ratio of 56.74, a P/E/G ratio of 1.90 and a beta of 0.44.

RRGB has been the topic of several recent research reports. BidaskClub upgraded Red Robin Gourmet Burgers from a “hold” rating to a “buy” rating in a research report on Saturday, December 30th. Jefferies Group upgraded Red Robin Gourmet Burgers from a “hold” rating to a “buy” rating and increased their price objective for the stock from $58.00 to $63.00 in a research report on Saturday, December 30th. BTIG Research lowered their price objective on Red Robin Gourmet Burgers from $70.00 to $63.00 and set a “buy” rating on the stock in a research report on Tuesday, November 7th. Maxim Group reiterated a “buy” rating and set a $75.00 price objective on shares of Red Robin Gourmet Burgers in a research report on Monday, October 30th. Finally, Zacks Investment Research upgraded Red Robin Gourmet Burgers from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a research report on Wednesday, January 31st. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Red Robin Gourmet Burgers has an average rating of “Buy” and a consensus price target of $68.18.

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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.

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

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