Trade Report: The Calamos Advisors LLC Sold shares of Red Robin Gourmet Burgers Inc. (RRGB)

The Calamos Advisors LLC Sold shares of Red Robin Gourmet Burgers Inc. (RRGB)

Calamos Advisors LLC decreased its stake in Red Robin Gourmet Burgers Inc. (NASDAQ:RRGB) by 54.9% during the second quarter, Holdings Channel reports. The fund owned 4,905 shares of the company’s stock after selling 5,980 shares during the period. Calamos Advisors LLC’s holdings in Red Robin Gourmet Burgers were worth $233,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the company. Nisa Investment Advisors L.L.C. raised its stake in Red Robin Gourmet Burgers by 17.5% in the first quarter. Nisa Investment Advisors L.L.C. now owns 11,400 shares of the company’s stock valued at $735,000 after buying an additional 1,700 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its stake in Red Robin Gourmet Burgers by 71.6% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 13,293 shares of the company’s stock valued at $857,000 after buying an additional 5,545 shares during the last quarter. Prudential Financial Inc. raised its stake in Red Robin Gourmet Burgers by 3.6% in the first quarter. Prudential Financial Inc. now owns 33,988 shares of the company’s stock valued at $2,191,000 after buying an additional 1,181 shares during the last quarter. BlackRock Group LTD raised its stake in Red Robin Gourmet Burgers by 27.4% in the first quarter. BlackRock Group LTD now owns 22,298 shares of the company’s stock valued at $1,438,000 after buying an additional 4,791 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its stake in Red Robin Gourmet Burgers by 0.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 345,979 shares of the company’s stock valued at $22,305,000 after buying an additional 2,576 shares during the last quarter.

Shares of Red Robin Gourmet Burgers Inc. (NASDAQ:RRGB) traded down 0.98% on Friday, reaching $43.41. 145,557 shares of the company were exchanged. Red Robin Gourmet Burgers Inc. has a 52 week low of $42.95 and a 52 week high of $82.66. The firm’s 50 day moving average price is $47.67 and its 200 day moving average price is $53.36. The stock has a market capitalization of $576.79 million, a price-to-earnings ratio of 14.45 and a beta of 0.78.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last posted its earnings results on Tuesday, August 9th. The company reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by $0.05. The business had revenue of $305.50 million for the quarter, compared to analysts’ expectations of $313.63 million. Red Robin Gourmet Burgers had a net margin of 3.27% and a return on equity of 12.47%. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period last year, the business posted $0.78 EPS. Equities research analysts anticipate that Red Robin Gourmet Burgers Inc. will post $3.17 EPS for the current year.

Several brokerages have recently issued reports on RRGB. Maxim Group reiterated a “buy” rating and issued a $77.00 target price (down previously from $81.00) on shares of Red Robin Gourmet Burgers in a research note on Friday, June 17th. TheStreet downgraded shares of Red Robin Gourmet Burgers from a “buy” rating to a “hold” rating in a research note on Wednesday, July 6th. Zacks Investment Research upgraded shares of Red Robin Gourmet Burgers from a “sell” rating to a “hold” rating in a research note on Wednesday, July 20th. Jefferies Group downgraded shares of Red Robin Gourmet Burgers from a “buy” rating to a “hold” rating and set a $55.00 target price on the stock. in a research note on Tuesday, July 26th. Finally, Standpoint Research began coverage on shares of Red Robin Gourmet Burgers in a research note on Monday, August 8th. They issued a “buy” rating and a $64.00 target price on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Red Robin Gourmet Burgers has an average rating of “Hold” and an average target price of $71.69.

In other Red Robin Gourmet Burgers news, CFO Stuart B. Brown sold 5,846 shares of the firm’s stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $53.15, for a total transaction of $310,714.90. Following the transaction, the chief financial officer now owns 15,790 shares of the company’s stock, valued at approximately $839,238.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Carin Stutz bought 1,077 shares of the business’s stock in a transaction on Thursday, September 15th. The shares were acquired at an average cost of $46.40 per share, for a total transaction of $49,972.80. The disclosure for this purchase can be found here. Company insiders own 2.66% of the company’s stock.

About Red Robin Gourmet Burgers

Red Robin Gourmet Burgers, Inc, together with its subsidiaries, primarily develops, operates and franchises casual-dining restaurants and fast-casual restaurants in North America and focuses on serving a selection of gourmet burgers. The Company is primarily engaged in the sale of food and beverages at the Company-owned restaurants.

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