KCG Holdings Inc. Sells 98 Shares of Red Robin Gourmet Burgers, Inc. (RRGB)

KCG Holdings Inc. lowered its stake in shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) by 1.7% during the first quarter, Holdings Channel reports. The fund owned 5,766 shares of the restaurant operator’s stock after selling 98 shares during the period. KCG Holdings Inc.’s holdings in Red Robin Gourmet Burgers were worth $337,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. raised its position in Red Robin Gourmet Burgers by 74.4% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 2,431 shares of the restaurant operator’s stock valued at $142,000 after buying an additional 1,037 shares during the last quarter. Mason Street Advisors LLC raised its position in Red Robin Gourmet Burgers by 7.0% in the first quarter. Mason Street Advisors LLC now owns 3,007 shares of the restaurant operator’s stock valued at $176,000 after buying an additional 197 shares during the last quarter. Financial Advisory Service Inc. acquired a new position in Red Robin Gourmet Burgers during the first quarter valued at about $241,000. BNP Paribas Arbitrage SA raised its position in Red Robin Gourmet Burgers by 1.2% in the first quarter. BNP Paribas Arbitrage SA now owns 4,218 shares of the restaurant operator’s stock valued at $247,000 after buying an additional 51 shares during the last quarter. Finally, Karp Capital Management Corp acquired a new position in Red Robin Gourmet Burgers during the first quarter valued at about $317,000.

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) opened at 64.50 on Friday. The company has a 50-day moving average of $65.77 and a 200-day moving average of $57.59. Red Robin Gourmet Burgers, Inc. has a one year low of $40.85 and a one year high of $74.11. The stock has a market capitalization of $830.05 million, a price-to-earnings ratio of 94.57 and a beta of 0.64.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last announced its earnings results on Tuesday, May 16th. The restaurant operator reported $0.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.31. The company had revenue of $418.60 million during the quarter, compared to the consensus estimate of $416.48 million. Red Robin Gourmet Burgers had a net margin of 0.69% and a return on equity of 8.73%. Red Robin Gourmet Burgers’s revenue was up 4.1% compared to the same quarter last year. During the same period last year, the firm earned $1.27 earnings per share. On average, equities analysts forecast that Red Robin Gourmet Burgers, Inc. will post $2.93 EPS for the current fiscal year.

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Several equities analysts have recently issued reports on RRGB shares. TheStreet upgraded shares of Red Robin Gourmet Burgers from a “c” rating to a “b-” rating in a report on Thursday, May 18th. Maxim Group reiterated a “buy” rating and set a $80.00 target price on shares of Red Robin Gourmet Burgers in a report on Tuesday, May 23rd. Bank of America Corporation upgraded shares of Red Robin Gourmet Burgers from a “neutral” rating to a “buy” rating and lifted their target price for the company from $65.00 to $80.00 in a report on Wednesday, May 17th. Zacks Investment Research upgraded shares of Red Robin Gourmet Burgers from a “hold” rating to a “buy” rating and set a $80.00 target price for the company in a report on Friday, May 19th. Finally, Canaccord Genuity upgraded shares of Red Robin Gourmet Burgers from a “hold” rating to a “buy” rating and lifted their target price for the company from $72.00 to $90.00 in a report on Friday, May 26th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $74.22.

In other Red Robin Gourmet Burgers news, Director Glenn B. Kaufman sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $72.25, for a total value of $289,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert Blaine Aiken, Jr. sold 2,946 shares of the firm’s stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $71.80, for a total transaction of $211,522.80. Following the completion of the sale, the director now owns 6,547 shares of the company’s stock, valued at $470,074.60. The disclosure for this sale can be found here. 2.66% of the stock is owned by company insiders.

About Red Robin Gourmet Burgers

Red Robin Gourmet Burgers, Inc, together with its subsidiaries, primarily develops, operates, and franchises full-service restaurants in North America and focuses on serving selection of gourmet burgers. The Company’s menu features a line of gourmet burgers, which it makes from ground beef, as well as its line of Red’s Tavern Double Burgers and its Red Robin’s line of half-pound Angus beef burgers with various toppings.

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

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