American Century Companies Inc. increased its position in shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) by 37.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 316,565 shares of the restaurant operator’s stock after buying an additional 85,706 shares during the period. American Century Companies Inc. owned about 2.45% of Red Robin Gourmet Burgers worth $21,210,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in RRGB. Public Employees Retirement System of Ohio increased its stake in shares of Red Robin Gourmet Burgers by 10.3% during the first quarter. Public Employees Retirement System of Ohio now owns 1,759 shares of the restaurant operator’s stock valued at $103,000 after buying an additional 164 shares during the period. ClariVest Asset Management LLC purchased a new position in shares of Red Robin Gourmet Burgers during the second quarter valued at $105,000. Acadian Asset Management LLC purchased a new position in shares of Red Robin Gourmet Burgers during the second quarter valued at $149,000. Seven Eight Capital LP purchased a new position in shares of Red Robin Gourmet Burgers during the second quarter valued at $163,000. Finally, Advisor Group Inc. purchased a new position in shares of Red Robin Gourmet Burgers during the second quarter valued at $163,000.

Shares of Red Robin Gourmet Burgers, Inc. (RRGB) opened at $48.55 on Thursday. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.56 and a quick ratio of 0.37. The stock has a market capitalization of $640.98, a P/E ratio of 24.05, a PEG ratio of 2.12 and a beta of 0.67. Red Robin Gourmet Burgers, Inc. has a 12 month low of $45.20 and a 12 month high of $74.11.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last released its quarterly earnings data on Monday, November 6th. The restaurant operator reported $0.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.09). The company had revenue of $304.20 million for the quarter, compared to analyst estimates of $308.44 million. Red Robin Gourmet Burgers had a return on equity of 7.32% and a net margin of 0.94%. The business’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period last year, the firm posted $0.38 EPS. research analysts predict that Red Robin Gourmet Burgers, Inc. will post 2.26 EPS for the current fiscal year.

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RRGB has been the topic of a number of recent research reports. Maxim Group reaffirmed a “buy” rating and set a $75.00 price objective on shares of Red Robin Gourmet Burgers in a research report on Monday, October 30th. Stifel Nicolaus initiated coverage on Red Robin Gourmet Burgers in a research report on Monday, October 2nd. They set a “hold” rating and a $62.00 price objective on the stock. BTIG Research dropped their price objective on Red Robin Gourmet Burgers from $70.00 to $63.00 and set a “buy” rating on the stock in a research report on Tuesday, November 7th. Raymond James Financial, Inc. downgraded Red Robin Gourmet Burgers from a “strong-buy” rating to an “outperform” rating and dropped their price objective for the company from $77.50 to $65.00 in a research report on Tuesday, November 7th. Finally, Jefferies Group LLC dropped their price objective on Red Robin Gourmet Burgers from $61.00 to $58.00 and set a “hold” rating on the stock in a research report on Tuesday, November 7th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $69.00.

Red Robin Gourmet Burgers Profile

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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