Red Robin (NASDAQ:RRGB) was the target of some unusual options trading on Thursday. Traders bought 2,155 put options on the stock. This represents an increase of approximately 790% compared to the average volume of 242 put options.
NASDAQ:RRGB opened at $48.00 on Friday. The firm has a market cap of $614.85 million, a price-to-earnings ratio of 19.28, a P/E/G ratio of 1.88 and a beta of 0.30. Red Robin has a 1 year low of $45.70 and a 1 year high of $73.75. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 0.61.
Get Red Robin alerts:Red Robin (NASDAQ:RRGB) last posted its earnings results on Tuesday, May 22nd. The restaurant operator reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.07). The company had revenue of $421.50 million for the quarter, compared to analysts’ expectations of $427.01 million. Red Robin had a return on equity of 7.80% and a net margin of 1.65%. The company’s revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.89 EPS. analysts predict that Red Robin will post 2.61 earnings per share for the current fiscal year.
RRGB has been the topic of several research analyst reports. TheStreet upgraded Red Robin from a “c+” rating to a “b” rating in a research note on Thursday, April 26th. Stifel Nicolaus upgraded Red Robin from a “hold” rating to a “buy” rating and increased their target price for the stock from $65.00 to $75.00 in a research report on Wednesday, May 9th. BidaskClub downgraded Red Robin from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 5th. Zacks Investment Research upgraded Red Robin from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research report on Wednesday, January 31st. Finally, Canaccord Genuity restated a “buy” rating and set a $75.00 target price on shares of Red Robin in a research report on Friday, April 20th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $62.50.
In related news, Director Richard J. Howell sold 3,416 shares of the company’s stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $62.79, for a total value of $214,490.64. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Pattye L. Moore sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $57.98, for a total value of $86,970.00. Following the completion of the transaction, the director now owns 3,047 shares in the company, valued at approximately $176,665.06. The disclosure for this sale can be found here. 2.66% of the stock is currently owned by corporate insiders.
Several large investors have recently bought and sold shares of RRGB. BlackRock Inc. raised its position in shares of Red Robin by 1.8% in the first quarter. BlackRock Inc. now owns 1,641,261 shares of the restaurant operator’s stock worth $95,193,000 after buying an additional 28,356 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of Red Robin by 0.7% in the fourth quarter. Alliancebernstein L.P. now owns 639,299 shares of the restaurant operator’s stock worth $36,056,000 after buying an additional 4,210 shares in the last quarter. Millennium Management LLC raised its position in shares of Red Robin by 2.9% in the first quarter. Millennium Management LLC now owns 535,103 shares of the restaurant operator’s stock worth $31,036,000 after buying an additional 14,874 shares in the last quarter. Wedge Capital Management L L P NC raised its position in shares of Red Robin by 8.1% in the fourth quarter. Wedge Capital Management L L P NC now owns 391,420 shares of the restaurant operator’s stock worth $22,076,000 after buying an additional 29,339 shares in the last quarter. Finally, American Century Companies Inc. raised its position in shares of Red Robin by 13.5% in the fourth quarter. American Century Companies Inc. now owns 359,315 shares of the restaurant operator’s stock worth $20,265,000 after buying an additional 42,750 shares in the last quarter.
Red Robin Company Profile
Red Robin Gourmet Burgers, Inc, together with its subsidiaries, develops, operates, and franchises full-service and casual-dining restaurants in the United States and Canada. As of December 31, 2017, it operated 480 company-owned restaurants located in 39 states and 2 Canadian provinces; and had 86 casual-dining restaurants operated by franchisees in 15 states.
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