Red Robin Gourmet Burgers Inc: Mariko Gordon’s Daruma Capital Management Llc Makes Purchase

February 15, 2018 - By Adrian Mccoy

 Red Robin Gourmet Burgers Inc: Mariko Gordon's Daruma Capital Management Llc Makes Purchase

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.

Pub Sector Pension Inv Board accumulated 0% or 8,087 shares. State Teachers Retirement Sys reported 0.01% stake. Louisiana State Employees Retirement System accumulated 5,200 shares or 0.02% of the stock. Quantitative Systematic Strategies Ltd Liability Co, Connecticut-based fund reported 6,554 shares. Clarivest Asset Mngmt has invested 0% in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB). Wellington Group Ltd Liability Partnership holds 0.01% of its portfolio in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) for 379,316 shares. Bnp Paribas Arbitrage Sa holds 0% in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) or 8,222 shares. Thrivent Finance For Lutherans holds 0% in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) or 7,860 shares. Daiwa reported 2,200 shares. Riverhead Capital Management Ltd Liability Co holds 0% of its portfolio in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) for 850 shares. State Street Corporation accumulated 302,901 shares. 17,028 are held by Pinebridge Investments L P. Nordea Invest Mgmt Ab invested in 127,770 shares or 0.02% of the stock. Manufacturers Life Insur The owns 9,795 shares or 0% of their US portfolio. Finance Advisory Serv accumulated 4,115 shares.

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 EPS, 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 EPS 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 company was maintained on Tuesday, October 25 by Maxim Group. The rating was maintained by Jefferies with “Buy” on Tuesday, February 16. Zacks downgraded the stock to “Hold” rating in Monday, September 7 report. The firm has “Buy” rating by Maxim Group given on Thursday, January 7. Canaccord Genuity maintained the stock with “Buy” rating in Thursday, December 14 report. Jefferies maintained the shares of RRGB in report on Tuesday, November 7 with “Hold” rating. On Tuesday, July 26 the stock rating was downgraded by Jefferies to “Hold”. Raymond James maintained the stock with “Strong Buy” rating in Wednesday, August 9 report. The firm has “Buy” rating by Jefferies given on Friday, December 22. The company was downgraded on Tuesday, November 7 by Maxim Group.

More notable recent Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) news were published by: Prnewswire.com which released: “Red Robin Gourmet Burgers and Brews Debuts 1969 Lager and Hop Salt Seasoning …” on October 02, 2017, also Fool.com with their article: “Why Red Robin Gourmet Burgers, Inc. Stock Skyrocketed Today” published on May 17, 2017, Businesswire.com published: “Red Robin Gourmet Burgers, Inc. to Release Fourth Quarter and Full Year 2017 …” on February 09, 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 Prnewswire.com‘s news article titled: “Red Robin Gourmet Burgers and Brews Names Florida International University …” with publication date: February 06, 2018.

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