Acuitas Investments LLC Increases Stock Position in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB)

Acuitas Investments LLC lifted its holdings in shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) by 30.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 470,206 shares of the restaurant operator’s stock after purchasing an additional 109,809 shares during the quarter. Red Robin Gourmet Burgers accounts for 2.9% of Acuitas Investments LLC’s holdings, making the stock its 2nd largest position. Acuitas Investments LLC owned 3.04% of Red Robin Gourmet Burgers worth $5,863,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. First Eagle Investment Management LLC boosted its position in shares of Red Robin Gourmet Burgers by 70.9% during the 3rd quarter. First Eagle Investment Management LLC now owns 755,626 shares of the restaurant operator’s stock worth $6,075,000 after acquiring an additional 313,373 shares in the last quarter. Raymond James & Associates boosted its position in shares of Red Robin Gourmet Burgers by 12.7% during the 3rd quarter. Raymond James & Associates now owns 52,325 shares of the restaurant operator’s stock worth $421,000 after acquiring an additional 5,900 shares in the last quarter. Pacific Ridge Capital Partners LLC boosted its position in shares of Red Robin Gourmet Burgers by 15.5% during the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 518,237 shares of the restaurant operator’s stock worth $4,167,000 after acquiring an additional 69,514 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Red Robin Gourmet Burgers by 3.9% during the 3rd quarter. Victory Capital Management Inc. now owns 59,800 shares of the restaurant operator’s stock worth $481,000 after acquiring an additional 2,267 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of Red Robin Gourmet Burgers during the 3rd quarter worth approximately $315,000. 84.04% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on RRGB shares. Benchmark restated a “buy” rating and issued a $18.00 target price on shares of Red Robin Gourmet Burgers in a research report on Monday, April 15th. StockNews.com lowered shares of Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a research report on Thursday, April 18th.

Red Robin Gourmet Burgers Trading Down 1.5 %

Red Robin Gourmet Burgers stock traded down $0.10 during mid-day trading on Wednesday, reaching $6.50. The company had a trading volume of 235,512 shares, compared to its average volume of 318,882. Red Robin Gourmet Burgers, Inc. has a fifty-two week low of $5.56 and a fifty-two week high of $16.50. The company has a market cap of $101.40 million, a P/E ratio of -4.85 and a beta of 2.83. The business has a fifty day simple moving average of $7.26 and a 200 day simple moving average of $9.01.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last issued its quarterly earnings results on Wednesday, February 28th. The restaurant operator reported ($0.66) EPS for the quarter, missing analysts’ consensus estimates of ($0.43) by ($0.23). The business had revenue of $309.00 million for the quarter, compared to analyst estimates of $304.73 million. Red Robin Gourmet Burgers had a negative return on equity of 17,823.75% and a negative net margin of 1.61%. Research analysts forecast that Red Robin Gourmet Burgers, Inc. will post -1.61 EPS for the current year.

About Red Robin Gourmet Burgers

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.