Dimensional Fund Advisors LP raised its stake in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) by 0.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,084,594 shares of the restaurant operator’s stock after buying an additional 5,068 shares during the quarter. Dimensional Fund Advisors LP owned 8.38% of Red Robin Gourmet Burgers worth $72,667,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in RRGB. Municipal Employees Retirement System of Michigan increased its stake in Red Robin Gourmet Burgers by 3.8% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 3,040 shares of the restaurant operator’s stock valued at $198,000 after buying an additional 110 shares during the period. Great West Life Assurance Co. Can increased its stake in Red Robin Gourmet Burgers by 5.2% in the 2nd quarter. Great West Life Assurance Co. Can now owns 18,180 shares of the restaurant operator’s stock valued at $1,185,000 after buying an additional 900 shares during the period. Schwab Charles Investment Management Inc. increased its stake in Red Robin Gourmet Burgers by 11.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 108,295 shares of the restaurant operator’s stock valued at $7,067,000 after buying an additional 11,261 shares during the period. Advisors Asset Management Inc. increased its stake in Red Robin Gourmet Burgers by 45.2% in the 2nd quarter. Advisors Asset Management Inc. now owns 3,297 shares of the restaurant operator’s stock valued at $215,000 after buying an additional 1,027 shares during the period. Finally, Legal & General Group Plc increased its stake in Red Robin Gourmet Burgers by 14.4% in the 2nd quarter. Legal & General Group Plc now owns 24,296 shares of the restaurant operator’s stock valued at $1,587,000 after buying an additional 3,066 shares during the period.

Shares of Red Robin Gourmet Burgers, Inc. (RRGB) opened at $54.10 on Wednesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.37 and a current ratio of 0.56. The stock has a market cap of $712.13, a price-to-earnings ratio of 56.95, a P/E/G ratio of 2.36 and a beta of 0.56. Red Robin Gourmet Burgers, Inc. has a 1-year low of $45.20 and a 1-year high of $74.11.

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

In other news, COO Carin Stutz acquired 715 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The stock was acquired at an average cost of $49.15 per share, with a total value of $35,142.25. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.66% of the stock is currently owned by corporate insiders.

Several research analysts have weighed in on RRGB shares. BTIG Research reiterated a “buy” rating and issued a $70.00 price objective (up previously from $64.00) on shares of Red Robin Gourmet Burgers in a research note on Tuesday, September 12th. Canaccord Genuity restated a “buy” rating and set a $80.00 price target on shares of Red Robin Gourmet Burgers in a research note on Sunday, October 1st. Stifel Nicolaus assumed coverage on shares of Red Robin Gourmet Burgers in a research note on Monday, October 2nd. They set a “hold” rating and a $62.00 price target on the stock. Zacks Investment Research upgraded shares of Red Robin Gourmet Burgers from a “hold” rating to a “buy” rating and set a $73.00 price target on the stock in a research note on Tuesday, October 10th. Finally, Maxim Group restated a “buy” rating and set a $75.00 price target on shares of Red Robin Gourmet Burgers in a research note on Monday, October 30th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $69.45.

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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.

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

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