Red Robin Gourmet Burgers Inc: Mariko Gordon’s Daruma Capital Management Llc Bought Stake

February 15, 2018 - By Winifred Garcia

 Red Robin Gourmet Burgers Inc: Mariko Gordon's Daruma Capital Management Llc Bought Stake

Investors sentiment decreased to 1.26 in Q3 2017. Its down 0.07, from 1.33 in 2017Q2. It worsened, as 29 investors sold Red Robin Gourmet Burgers, Inc. shares while 39 reduced holdings. 31 funds opened positions while 55 raised stakes. 16.20 million shares or 1.24% more from 16.00 million shares in 2017Q2 were reported.

Segall Bryant Hamill Llc has 0.07% invested in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB). South Dakota Inv Council owns 15,584 shares for 0.02% of their portfolio. Highbridge Management Limited Liability owns 110,000 shares. Barclays Public Limited Company has 0% invested in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) for 10,700 shares. Thomson Horstmann & Bryant has 3,439 shares. 70,500 are held by Cornerstone Capital Management Holdings Lc. Diker Lc owns 77,100 shares. Peak6 Investments L P reported 23,745 shares. Point72 Asset Mngmt Limited Partnership reported 147,200 shares. Kennedy Capital Management stated it has 40,445 shares. Nordea Invest Mgmt accumulated 127,770 shares. J Goldman And L P holds 0.04% of its portfolio in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) for 11,576 shares. Cim Mangement reported 3,806 shares. Ameriprise Fin owns 803,475 shares. Raymond James Fin Serv Inc has invested 0.01% in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB).

The New Mariko Gordon’s Daruma Capital Management Llc Holding in Red Robin Gourmet Burgers Inc

Daruma Capital Management Llc reported SC 13G form with the SEC for Red Robin Gourmet Burgers Inc. Access it here: 000108514618000823. As reported by Mariko Gordon’s Daruma Capital Management Llc, the filler owns 7.24% or 935,933 shares of the Consumer Discretionary–company.

Red Robin Gourmet Burgers Inc stake is new for [reportingPerson]. Date of activity: December 31, 2017. This shows Mariko Gordon’s Daruma Capital Management Llc’s positive view for Red Robin Gourmet Burgers Inc. For a hedge fund managing $2.31 billion in assets and having 20+ experts this is interesting position.

The hedge fund is investor in the Finance sector. In the manager’s last 13-F, we saw 25% of Mariko Gordon’s Daruma Capital Management Llc’s portfolio is in the sector.

Red Robin Gourmet Burgers Inc Institutional Sentiment

Filings show 174 investors own Red Robin Gourmet Burgers Inc. The ownership in Q3 2015 is high, at Infinity of the outstanding shares. This is increased by 393830. 14302695 were owned by these investors. 27 funds opened new Red Robin Gourmet Burgers Inc stakes, 67 increased positions. There were 30 that closed positions and 62 reduced them.

Tamro Capital Partners Llc is an investor bullish on Red Robin Gourmet Burgers Inc, owning 242937 shares as of Q3 2015 for 2.09% of its portfolio. Emerald Advisers Inc owns 278108 shares or 1.10% of its portfolio. CA Bodri Capital Management Llc have 4.90% of its portfolio for 65000 shares. Further, Emerald Mutual Fund Advisers Trust reported stake worth 1.31% of its portfolio. The TX Hodges Capital Management Inc owns 6000 shares. Red Robin Gourmet Burgers Inc is 0.02% of its portfolio.

Business 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. The Company also offers burgers made from chicken breasts, fish fillets, turkey patties, as well as vegetarian and vegan options. The Company offered a selection of buns, including ciabatta, gluten free, sesame, onion, whole grain, jalapeno and lettuce wraps a range of toppings, including fresh guacamole, house made barbeque sauces, aiolis, grilled pineapple, crispy onion straws, sauteed mushrooms, fried jalapenos, bruschetta salsa, coleslaw, eight different cheese choices and a fried egg, as of December 25, 2016.

SEC Form 13G.

Mariko Gordon’s Daruma Capital Management Llc website.

Analysts await Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) to report earnings on February, 20. They expect $0.55 earnings per share, up 57.14 % or $0.20 from last year’s $0.35 per share. RRGB’s profit will be $7.11M for 24.89 P/E if the $0.55 EPS becomes a reality. After $0.21 actual earnings per share reported by Red Robin Gourmet Burgers, Inc. for the previous quarter, Wall Street now forecasts 161.90 % EPS growth.

The stock increased 0.92% or $0.5 during the last trading session, reaching $54.75. About 104,801 shares traded. Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) has risen 52.55% since February 15, 2017 and is uptrending. It has outperformed by 35.85% the S&P500.

Red Robin Gourmet Burgers, Inc., together with its subsidiaries, develops, operates, and franchises casual-dining and fast-casual restaurants in the United States and Canada. The company has market cap of $708.25 million. As of November 14, 2017, it operated approximately 570 Red Robin restaurants. It has a 57.09 P/E ratio.

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

Among 9 analysts covering Red Robin Gourmet Burgers (NASDAQ:RRGB), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Red Robin Gourmet Burgers has $103 highest and $55 lowest target. $72.75’s average target is 32.88% above currents $54.75 stock price. Red Robin Gourmet Burgers had 39 analyst reports since August 27, 2015 according to SRatingsIntel. The firm has “Buy” rating by Maxim Group given on Thursday, January 12. The stock of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) earned “Hold” rating by Jefferies on Tuesday, June 20. Maxim Group maintained the stock with “Buy” rating in Tuesday, October 25 report. Canaccord Genuity maintained it with “Buy” rating and $70.0 target in Thursday, December 14 report. The firm earned “Hold” rating on Tuesday, July 26 by Jefferies. The stock has “Buy” rating by BTIG Research on Tuesday, November 7. On Monday, August 31 the stock rating was upgraded by Zacks to “Hold”. The stock has “Neutral” rating by Bank of America on Wednesday, December 14. Maxim Group maintained Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) rating on Friday, February 12. Maxim Group has “Buy” rating and $94 target. As per Tuesday, September 13, the company rating was downgraded by Bank of America.

More notable recent Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) news were published by: Fool.com which released: “Why Red Robin Gourmet Burgers, Inc. Stock Plummeted Today” on November 07, 2017, also Nasdaq.com with their article: “Bear of the Day: Red Robin Gourmet Burger (RRGB)” published on November 21, 2017, Seekingalpha.com published: “Red Robin: The Stock Could Go Much Lower” on February 13, 2018. More interesting news about Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) were released by: Seekingalpha.com and their article: “Keep Selling Red Robin Gourmet Burgers” published on May 08, 2017 as well as Businesswire.com‘s news article titled: “Red Robin Gourmet Burgers, Inc. to Release Fourth Quarter and Full Year 2017 …” with publication date: February 09, 2018.

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