Red Robin Gourmet Burgers, Inc. (RRGB) Shares Sold by Falcon Point Capital LLC

Falcon Point Capital LLC decreased its stake in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) by 18.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,828 shares of the restaurant operator’s stock after selling 29,230 shares during the quarter. 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 institutional investors have also bought and sold shares of the business. Winslow Evans & Crocker Inc. increased its holdings in Red Robin Gourmet Burgers by 100.0% in the fourth quarter. Winslow Evans & Crocker Inc. now owns 2,000 shares of the restaurant operator’s stock valued at $113,000 after purchasing an additional 1,000 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Red Robin Gourmet Burgers by 6.4% in the second quarter. Public Employees Retirement System of Ohio now owns 1,871 shares of the restaurant operator’s stock worth $122,000 after acquiring an additional 112 shares in the last quarter. Daiwa Securities Group Inc. bought a new stake in shares of Red Robin Gourmet Burgers in the third quarter worth about $147,000. Advisor Group Inc. bought a new stake in shares of Red Robin Gourmet Burgers in the second quarter worth about $163,000. Finally, 361 Capital LLC bought a new stake in shares of Red Robin Gourmet Burgers in the third quarter worth about $212,000.

Shares of Red Robin Gourmet Burgers, Inc. (NASDAQ RRGB) traded down $1.65 on Tuesday, hitting $53.65. The stock had a trading volume of 253,600 shares, compared to its average volume of 321,027. Red Robin Gourmet Burgers, Inc. has a one year low of $45.35 and a one year high of $74.11. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.37 and a current ratio of 0.56. The company has a market cap of $694.02, a price-to-earnings ratio of 26.04, a price-to-earnings-growth ratio of 1.91 and a beta of 0.44.

Several brokerages have issued reports on RRGB. BidaskClub upgraded Red Robin Gourmet Burgers from a “sell” rating to a “hold” rating in a report on Wednesday, February 7th. Zacks Investment Research raised Red Robin Gourmet Burgers from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a research report on Wednesday, January 31st. Jefferies Group raised Red Robin Gourmet Burgers from a “hold” rating to a “buy” rating and increased their price target for the company from $58.00 to $63.00 in a research report on Saturday, December 30th. Raymond James Financial cut Red Robin Gourmet Burgers from a “strong-buy” rating to an “outperform” rating and cut their price objective for the company from $77.50 to $65.00 in a research report on Tuesday, November 7th. Finally, Stifel Nicolaus cut their price objective on Red Robin Gourmet Burgers from $62.00 to $58.00 and set a “hold” rating for the company in a research report on Tuesday, November 7th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $68.18.

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Red Robin Gourmet Burgers Company 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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