Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB - Get Free Report) insider Jumana Capital Investments Llc acquired 800,454 shares of the business's stock in a transaction dated Tuesday, December 3rd. The stock was acquired at an average price of $5.19 per share, for a total transaction of $4,154,356.26. Following the completion of the transaction, the insider now owns 1,614,906 shares in the company, valued at approximately $8,381,362.14. The trade was a 98.28 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Jumana Capital Investments Llc also recently made the following trade(s):
- On Thursday, November 7th, Jumana Capital Investments Llc acquired 45,000 shares of Red Robin Gourmet Burgers stock. The stock was acquired at an average price of $5.18 per share, for a total transaction of $233,100.00.
- On Tuesday, November 5th, Jumana Capital Investments Llc acquired 250 shares of Red Robin Gourmet Burgers stock. The stock was acquired at an average price of $5.99 per share, for a total transaction of $1,497.50.
- On Tuesday, October 15th, Jumana Capital Investments Llc acquired 893 shares of Red Robin Gourmet Burgers stock. The stock was acquired at an average price of $5.59 per share, for a total transaction of $4,991.87.
Red Robin Gourmet Burgers Stock Performance
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NASDAQ RRGB opened at $5.93 on Thursday. The stock's 50 day moving average is $5.40 and its 200 day moving average is $5.66. Red Robin Gourmet Burgers, Inc. has a twelve month low of $2.97 and a twelve month high of $12.80.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the stock. Quarry LP purchased a new position in Red Robin Gourmet Burgers during the second quarter valued at $25,000. Point72 DIFC Ltd purchased a new position in Red Robin Gourmet Burgers during the second quarter valued at $55,000. Quantbot Technologies LP purchased a new position in Red Robin Gourmet Burgers during the third quarter valued at $34,000. Wolverine Trading LLC purchased a new position in Red Robin Gourmet Burgers during the third quarter valued at $55,000. Finally, Virtu Financial LLC purchased a new position in shares of Red Robin Gourmet Burgers in the first quarter worth $149,000. Hedge funds and other institutional investors own 84.04% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on the company. Craig Hallum dropped their price target on Red Robin Gourmet Burgers from $15.00 to $11.50 and set a "buy" rating on the stock in a research report on Friday, August 23rd. Benchmark dropped their price target on Red Robin Gourmet Burgers from $18.00 to $16.00 and set a "buy" rating on the stock in a research report on Tuesday, August 20th. Finally, Lake Street Capital dropped their price target on Red Robin Gourmet Burgers from $17.00 to $16.00 and set a "buy" rating on the stock in a research report on Friday, August 23rd.
View Our Latest Stock Analysis on RRGB
Red Robin Gourmet Burgers Company Profile
(
Get Free Report)
Red Robin Gourmet Burgers, Inc, together with its subsidiaries, develops, operates, and franchises casual-dining restaurants, in North America and one Canadian province. Its restaurants primarily offer burgers and pizza, appetizers, salads, soups, other entrees, desserts, wings, milkshakes, alcoholic and non-alcoholic specialty drinks, cocktails, wine, and beers.
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