Red Robin Gourmet Burgers, Inc. Can’t Be More Safe. Option Traders Like It

 Red Robin Gourmet Burgers, Inc. Can't Be More Safe. Option Traders Like It

In today’s session Red Robin Gourmet Burgers, Inc. (RRGB) registered an unusually high (508) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious RRGB increase. With 508 contracts traded and 2114 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: RRGB161118C00050000 closed last at: $0.8 or 14.3% up. About 43,144 shares traded hands. Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) has declined 29.89% since March 31, 2016 and is downtrending. It has underperformed by 32.41% the S&P500.

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) Ratings Coverage

Out of 6 analysts covering Red Robin Gourmet Burgers (NASDAQ:RRGB), 3 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 50% are positive. Red Robin Gourmet Burgers has been the topic of 18 analyst reports since August 27, 2015 according to StockzIntelligence Inc. Maxim Group maintained Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) on Friday, February 12 with “Buy” rating. The stock has “Buy” rating given by Maxim Group on Thursday, April 21. Maxim Group maintained Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) rating on Thursday, January 7. Maxim Group has “Buy” rating and $90.0 price target. The firm earned “Buy” rating on Saturday, September 5 by Jefferies. Jefferies maintained Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) rating on Tuesday, February 16. Jefferies has “Buy” rating and $80 price target. The firm has “Underperform” rating given on Tuesday, September 13 by Bank of America. The stock has “Buy” rating given by Maxim Group on Friday, June 17. The firm has “Hold” rating given on Monday, September 7 by Zacks. The stock has “Buy” rating given by Maxim Group on Friday, September 11. On Tuesday, July 26 the stock rating was downgraded by Jefferies to “Hold”.

According to Zacks Investment Research, “Red Robin Gourmet is a casual dining restaurant chain focused on serving an imaginative selection of high quality gourmet burgers in a family-friendly atmosphere. They currently own and operate in 12 states, and have additional restaurants operating under franchise or license agreements in 18 states and Canada. Their menu is centered around their signature product, the gourmet burger, which they make from beef, chicken, veggie, fish, turkey and pot roast and serve in a variety of recipes. (Prospectus)”

Insitutional Activity: The institutional sentiment decreased to 1.09 in Q2 2016. Its down 0.03, from 1.12 in 2016Q1. The ratio dropped, as 31 funds sold all Red Robin Gourmet Burgers, Inc. shares owned while 49 reduced positions. 25 funds bought stakes while 62 increased positions. They now own 13.70 million shares or 6.81% less from 14.70 million shares in 2016Q1.
Blackrock Fund Advsr has 874,518 shares for 0.01% of their US portfolio. Lsv Asset Mgmt accumulated 0% or 45,100 shares. Scopus Asset Management Limited Partnership has 0.19% invested in the company for 300,000 shares. Credit Suisse Ag accumulated 0% or 24,256 shares. Boothbay Fund Lc has invested 0.28% of its portfolio in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB). Teacher Retirement Sys Of Texas holds 1,954 shares or 0% of its portfolio. Morgan Stanley holds 0% or 29,785 shares in its portfolio. Millennium Limited Liability last reported 57,566 shares in the company. Blackrock Investment Management Limited Liability Corporation holds 0% or 61,516 shares in its portfolio. Huntington National Bank accumulated 0% or 31 shares. Glenmede Tru Na accumulated 0.1% or 356,345 shares. Citigroup reported 10,015 shares or 0% of all its holdings. Principal Fin Grp holds 0.02% or 236,341 shares in its portfolio. Blackrock Group has invested 0% of its portfolio in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB). Stoneridge Investment Prns Limited Liability Corp, a Pennsylvania-based fund reported 34,805 shares.

Insider Transactions: Since May 19, 2016, the stock had 5 buys, and 1 sale for $40,259 net activity. 5,846 shares with value of $310,700 were sold by Brown Stuart B on Thursday, August 11. Carley Stephen E. had bought 1,050 shares worth $50,438 on Friday, May 20. 1,077 Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) shares with value of $49,973 were bought by STUTZ CARIN. The insider Kaufman Glenn B. bought $95,700.

Red Robin Gourmet Burgers, Inc., together with its subsidiaries, primarily develops, operates and franchises casual-dining restaurants and fast-casual restaurants in North America and focuses on serving a selection of gourmet burgers. The company has a market cap of $588.52 million. The Firm is primarily engaged in the sale of food and beverages at the Company-owned restaurants. It has a 15 P/E ratio. The Company’s menu features a line of gourmet burgers, 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.

RRGB Company Profile

Red Robin Gourmet Burgers, Inc., incorporated on January 17, 2001, together with its subsidiaries, primarily develops, operates and franchises casual-dining restaurants and fast-casual restaurants in North America and focuses on serving a selection of gourmet burgers. The Firm is primarily engaged in the sale of food and beverages at the Company-owned restaurants. 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. It also offers burgers made from chicken breasts, fish fillets, turkey patties, as well as vegetarian and vegan options. It offers a selection of buns, including ciabatta, gluten free, sesame, onion, whole grain, jalapeno and lettuce wraps a range of toppings, including fresh guacamole, housemade barbeque sauces, aiolis, grilled pineapple, crispy onion straws, sauteed mushrooms, fried jalapenos, bruschetta salsa, coleslaw, over eight different cheese choices and a fried egg.

More notable recent Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) news were published by: Restaurantnews.com which released: “Red Robin Gourmet Burgers and Brews Salutes Military with Free Tavern Double …” on November 01, 2016, also Fool.com with their article: “Why Red Robin Gourmet Burgers, Inc. Fell 11% in September” published on October 09, 2016, Prnewswire.com published: “Red Robin Gourmet Burgers and Brews Hosts Annual Tip-A-Cop® Fundraiser to …” on October 17, 2016. More interesting news about Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) were released by: Prnewswire.com and their article: “Red Robin Gourmet Burgers and Brews is Two Weeks Away from Opening its Newest …” published on October 11, 2016 as well as Wsj.com‘s news article titled: “Red Robin Retreats From Fast-Casual Dining Experiment” with publication date: October 05, 2016.

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