Swiss National Bank Acquires 600 Shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB)

Swiss National Bank boosted its holdings in shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) by 2.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,200 shares of the restaurant operator’s stock after acquiring an additional 600 shares during the period. Swiss National Bank owned approximately 0.19% of Red Robin Gourmet Burgers worth $740,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of RRGB. Kavar Capital Partners LLC bought a new position in Red Robin Gourmet Burgers during the second quarter worth about $31,000. Aperio Group LLC bought a new position in Red Robin Gourmet Burgers during the second quarter worth about $153,000. Eidelman Virant Capital bought a new position in Red Robin Gourmet Burgers during the second quarter worth about $244,000. Texas Permanent School Fund lifted its holdings in Red Robin Gourmet Burgers by 3.7% during the first quarter. Texas Permanent School Fund now owns 8,803 shares of the restaurant operator’s stock worth $254,000 after acquiring an additional 310 shares in the last quarter. Finally, Royce & Associates LP bought a new position in Red Robin Gourmet Burgers during the first quarter worth about $309,000.

Shares of Red Robin Gourmet Burgers stock traded up $0.71 during trading on Friday, reaching $35.10. The stock had a trading volume of 18,009 shares, compared to its average volume of 395,807. The company has a market capitalization of $453.43 million, a price-to-earnings ratio of 20.29, a P/E/G ratio of 3.21 and a beta of 1.21. The stock has a fifty day moving average price of $33.29 and a two-hundred day moving average price of $31.10. Red Robin Gourmet Burgers, Inc. has a 52 week low of $24.57 and a 52 week high of $41.15. The company has a current ratio of 0.42, a quick ratio of 0.28 and a debt-to-equity ratio of 1.85.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last issued its quarterly earnings results on Friday, August 23rd. The restaurant operator reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.72. The company had revenue of $308.00 million for the quarter, compared to analyst estimates of $306.39 million. Red Robin Gourmet Burgers had a positive return on equity of 6.18% and a negative net margin of 0.55%. The company’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.46 earnings per share. On average, equities analysts forecast that Red Robin Gourmet Burgers, Inc. will post 1.13 EPS for the current fiscal year.

Several research analysts have weighed in on the company. Raymond James reiterated a “hold” rating on shares of Red Robin Gourmet Burgers in a report on Friday, September 6th. BidaskClub upgraded Red Robin Gourmet Burgers from a “sell” rating to a “hold” rating in a report on Wednesday. ValuEngine upgraded Red Robin Gourmet Burgers from a “hold” rating to a “buy” rating in a report on Friday, August 23rd. Stephens set a $36.00 target price on Red Robin Gourmet Burgers and gave the stock a “buy” rating in a report on Monday, August 26th. Finally, TheStreet upgraded Red Robin Gourmet Burgers from a “d+” rating to a “c” rating in a report on Thursday, May 30th. One analyst has rated the stock with a sell rating, seven have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $35.00.

Red Robin Gourmet Burgers Profile

Red Robin Gourmet Burgers, Inc, together with its subsidiaries, develops, operates, and franchises full-service and casual-dining restaurants in the United States and Canada. The company's restaurants primarily offer burgers; various appetizers, salads, soups, seafood, and other entrees; and desserts, milkshakes, alcoholic and non-alcoholic specialty drinks, cocktails, wine, and beers.

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

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