State Street Corp Trims Stake in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB)

State Street Corp trimmed its position in shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) by 5.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 59,647 shares of the restaurant operator’s stock after selling 3,700 shares during the quarter. State Street Corp’s holdings in Red Robin Gourmet Burgers were worth $263,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RRGB. First Eagle Investment Management LLC grew its stake in shares of Red Robin Gourmet Burgers by 2.0% during the second quarter. First Eagle Investment Management LLC now owns 1,006,937 shares of the restaurant operator’s stock valued at $7,623,000 after buying an additional 20,100 shares during the last quarter. Pacific Ridge Capital Partners LLC grew its position in Red Robin Gourmet Burgers by 18.8% in the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 911,005 shares of the restaurant operator’s stock valued at $6,896,000 after acquiring an additional 143,957 shares during the last quarter. GSA Capital Partners LLP increased its stake in Red Robin Gourmet Burgers by 482.8% in the third quarter. GSA Capital Partners LLP now owns 634,961 shares of the restaurant operator’s stock worth $2,800,000 after purchasing an additional 526,016 shares during the period. Acuitas Investments LLC increased its stake in Red Robin Gourmet Burgers by 9.0% in the second quarter. Acuitas Investments LLC now owns 610,193 shares of the restaurant operator’s stock worth $4,619,000 after purchasing an additional 50,172 shares during the period. Finally, Marshall Wace LLP boosted its stake in shares of Red Robin Gourmet Burgers by 188.9% during the second quarter. Marshall Wace LLP now owns 368,541 shares of the restaurant operator’s stock valued at $2,790,000 after purchasing an additional 240,954 shares during the period. 84.04% of the stock is owned by hedge funds and other institutional investors.

Red Robin Gourmet Burgers Price Performance

RRGB stock opened at $5.91 on Friday. Red Robin Gourmet Burgers, Inc. has a 12 month low of $2.97 and a 12 month high of $11.74. The firm’s 50-day moving average is $5.43 and its 200 day moving average is $5.33. The company has a market capitalization of $102.79 million, a PE ratio of -1.80 and a beta of 2.64.

Insiders Place Their Bets

In other news, insider Jumana Capital Investments Llc acquired 45,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was purchased at an average cost of $5.18 per share, for a total transaction of $233,100.00. Following the completion of the acquisition, the insider now directly owns 814,452 shares of the company’s stock, valued at $4,218,861.36. The trade was a 5.85 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have purchased 846,597 shares of company stock worth $4,393,946 in the last three months. Corporate insiders own 3.19% of the company’s stock.

Red Robin Gourmet Burgers Company Profile

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.