2 weeks Ago By ABMN Staff
American Century Companies Inc. cut its holdings in Red Robin Gourmet Burgers, Inc. ( NASDAQ:RRGB – Free Report ) by 66.
4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 264,756 shares of the restaurant operator’s stock after selling 522,726 shares during the quarter. American Century Companies Inc.
owned approximately 1.69% of Red Robin Gourmet Burgers worth $2,004,000 at the end of the most recent quarter. A number of other hedge funds have also modified their holdings of the business.
Headlands Technologies LLC purchased a new stake in shares of Red Robin Gourmet Burgers in the first quarter valued at $25,000. PNC Financial Services Group Inc. lifted its holdings in Red Robin Gourmet Burgers by 57.
9% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,791 shares of the restaurant operator’s stock valued at $85,000 after purchasing an additional 2,491 shares in the last quarter.
Virtu Financial LLC purchased a new position in Red Robin Gourmet Burgers in the 1st quarter valued at about $149,000. Quadrature Capital Ltd acquired a new stake in shares of Red Robin Gourmet Burgers during the 1st quarter worth about $166,000. Finally, BNP Paribas Financial Markets grew its holdings in shares of Red Robin Gourmet Burgers by 48.
0% during the first quarter. BNP Paribas Financial Markets now owns 37,259 shares of the restaurant operator’s stock worth $285,000 after buying an additional 12,082 shares in the last quarter. 84.
04% of the stock is owned by hedge funds and other institutional investors. Red Robin Gourmet Burgers Trading Down 3.7 % NASDAQ RRGB opened at $4.
39 on Friday. Red Robin Gourmet Burgers, Inc. has a 1-year low of $2.
97 and a 1-year high of $12.80. The firm’s fifty day simple moving average is $4.
49 and its 200-day simple moving average is $6.16. The company has a market capitalization of $69.
14 million, a PE ratio of -2.49 and a beta of 2.74.
Analyst Ratings Changes Several research firms recently commented on RRGB. Lake Street Capital dropped their target price on Red Robin Gourmet Burgers from $17.00 to $16.
00 and set a “buy” rating for the company in a research note on Friday, August 23rd. Craig Hallum reduced their price objective on Red Robin Gourmet Burgers from $15.00 to $11.
50 and set a “buy” rating on the stock in a research note on Friday, August 23rd. Finally, Benchmark reduced their target price on shares of Red Robin Gourmet Burgers from $18.00 to $16.
00 and set a “buy” rating on the stock in a research report on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.
com, the stock currently has a consensus rating of “Hold” and a consensus price target of $13.13. Check Out Our Latest Stock Analysis on RRGB Red Robin Gourmet Burgers Profile ( Free Report ) 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. Recommended Stories Want to see what other hedge funds are holding RRGB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Red Robin Gourmet Burgers, Inc.
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