Capital Investments LLC Jumana, an insider at Red Robin ($RRGB), bought 893 shares of the company on 10-15-2024. We received data on the trade from a recent SEC filing. This increased their holdings by approximately 0.1%. Following this trade, they now own 732,334 shares of Red Robin stock.
Red Robin Insider Trading Activity
Red Robin insiders have traded $RRGB stock on the open market 13 times in the past 6 months. Of those trades, 8 have been purchases and 5 have been sales.
Here’s a breakdown of recent trading of $RRGB stock by insiders over the last 6 months:
- INVESTMENT MANAGEMENT, LLC JCP has traded it 4 times. They made 4 purchases, buying 77,761 shares and 0 sales.
- CAPITAL INVESTMENTS LLC JUMANA has traded it 2 times. They made 2 purchases, buying 37,761 shares and 0 sales.
- GERARD JOHAN HART (PRESIDENT AND CEO) purchased 10,000 shares.
- JOSHUA TODD WILSON (CHIEF FINANCIAL OFFICER) purchased 5,000 shares.
- CAPITAL MANAGEMENT LLC ARCHON has traded it 5 times. They made 0 purchases and 5 sales, selling 319,105 shares.
To track insider transactions, check out our insider trading dashboard.
Red Robin Hedge Fund Activity
We have seen 51 institutional investors add shares of Red Robin stock to their portfolio, and 55 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BLACKROCK INC. removed 744,062 shares (-73.6%) from their portfolio in Q2 2024
- ARCHON CAPITAL MANAGEMENT LLC removed 683,463 shares (-36.5%) from their portfolio in Q2 2024
- AMERICAN CENTURY COMPANIES INC removed 522,726 shares (-66.4%) from their portfolio in Q2 2024
- MILLENNIUM MANAGEMENT LLC added 366,812 shares (+inf%) to their portfolio in Q2 2024
- 1060 CAPITAL, LLC added 250,000 shares (+inf%) to their portfolio in Q2 2024
- MARSHALL WACE, LLP added 240,954 shares (+188.9%) to their portfolio in Q2 2024
- SOVIERO ASSET MANAGEMENT, LP removed 237,000 shares (-100.0%) from their portfolio in Q2 2024
To track hedge funds' stock portfolios, check out our institutional holdings dashboard.
Should I Buy $RRGB Stock?
The bull case for Red Robin Gourmet Burgers ($RRGB) hinges on the recent positive customer feedback regarding food quality and service improvements, which has led to increased favorability metrics. The upcoming sales leaseback transaction, expected to generate $20 million to $26 million, will strengthen the company's balance sheet, enabling it to potentially invest further in growth. Additionally, management's anticipation of increased traffic growth in 2024, supported by enhanced marketing efforts, suggests the company is well-positioned to capitalize on the momentum of its improvements. Conversely, the bear case reflects concerns over a significant decrease in adjusted EBITDA guidance, now projected at $60 million to $70 million, which raises questions about financial stability. Flat restaurant-level margin guidance amid rising labor and occupancy costs signals potential profitability challenges. Moreover, despite high engagement in its loyalty program, the company's inability to fully leverage this asset hints at missed revenue opportunities and operational inefficiencies, casting doubt on its growth potential.
Background on $RRGB Stock
RRGB, or Red Rook Gaming, is a company that specializes in providing innovative solutions and services within the gaming industry. They focus on creating engaging gaming experiences through game development, publishing, and support for both independent and established game developers. RRGB is dedicated to fostering creativity and collaboration, leveraging the latest technologies to enhance gameplay and community engagement. By combining unique storytelling with cutting-edge graphics and mechanics, RRGB aims to capture diverse audiences and contribute to the evolving landscape of interactive entertainment.
This article is not financial advice. See Quiver Quantitative's disclaimers for more information.
