2 weeks Ago By ABMN Staff
Rhumbline Advisers reduced its position in shares of Red Robin Gourmet Burgers, Inc. ( NASDAQ:RRGB – Free Report ) by 58.8% in the 2nd quarter, HoldingsChannel reports.
The institutional investor owned 7,883 shares of the restaurant operator’s stock after selling 11,249 shares during the period. Rhumbline Advisers’ holdings in Red Robin Gourmet Burgers were worth $60,000 at the end of the most recent quarter. Other institutional investors have also modified their holdings of the company.
Headlands Technologies LLC purchased a new position in Red Robin Gourmet Burgers in the first quarter worth approximately $25,000. PNC Financial Services Group Inc. raised its holdings in shares of 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 acquired a new stake in shares of Red Robin Gourmet Burgers in the 1st quarter valued at $149,000. Quadrature Capital Ltd purchased a new stake in shares of Red Robin Gourmet Burgers during the 1st quarter worth $166,000. Finally, BNP Paribas Financial Markets grew its stake 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 purchasing an additional 12,082 shares in the last quarter. 84.
04% of the stock is owned by institutional investors and hedge funds. Red Robin Gourmet Burgers Stock Up 0.5 % Shares of Red Robin Gourmet Burgers stock opened at $4.
41 on Tuesday. Red Robin Gourmet Burgers, Inc. has a fifty-two week low of $2.
97 and a fifty-two week high of $12.80. The business’s fifty day moving average is $4.
49 and its two-hundred day moving average is $6.15. The firm has a market cap of $69.
17 million, a PE ratio of -2.51 and a beta of 2.74.
Analysts Set New Price Targets RRGB has been the topic of a number of recent analyst reports. Lake Street Capital dropped their price objective on Red Robin Gourmet Burgers from $17.00 to $16.
00 and set a “buy” rating on the stock in a report on Friday, August 23rd. Craig Hallum decreased their price objective on shares of Red Robin Gourmet Burgers from $15.00 to $11.
50 and set a “buy” rating for the company in a research note on Friday, August 23rd. Finally, Benchmark cut their target price on 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 research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Red Robin Gourmet Burgers currently has a consensus rating of “Hold” and a consensus target price of $13.
13. Get Our Latest 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.
See Also 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. ( NASDAQ:RRGB – Free Report ).
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