Red Robin Gourmet Burgers Inc (RRGB) Files Form 4 Insider Buying : Stephen E. Carley Buys 1,050 Shares

Red Robin Gourmet Burgers Inc (RRGB): Stephen E. Carley , CEO of Red Robin Gourmet Burgers Inc purchased 1,050 shares on May 20, 2016. The Insider buying transaction was reported by the company on May 23, 2016 to the Securities and Exchange Commission. The shares were purchased at $48.04 per share for a total value of $50,437.80 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 23, 2016, Stuart B Brown (CFO) purchased 500 shares at $48.44 per share price.On May 23, 2016, Glenn B. Kaufman (director) purchased 2,000 shares at $47.85 per share price.Also, On Feb 19, 2016, Stuart I Oran (director) sold 890 shares at $63.02 per share price.On Aug 24, 2015, Cathy Cooney (Chief People Officer) purchased 600 shares at $80.80 per share price.

Red Robin Gourmet Burgers: On Friday, May 20, 2016 heightened volatility was witnessed in Red Robin Gourmet Burgers which led to swings in the share price. The shares opened for trading at $47.85 and hit $48.72 on the upside , eventually ending the session at $48.39, with a gain of 1.19% or 0.57 points. The heightened volatility saw the trading volume jump to 8,56,548 shares. The 52-week high of the share price is $95 and the company has a market cap of $660,378 M . The 52-week low of the share price is at $46.82.

Red Robin Gourmet Burgers Money Flow Index Chart

Company has been under the radar of several Street Analysts.Red Robin Gourmet Burgers is Downgraded by KeyBanc Capital Mkts to Sector Weight. Earlier the firm had a rating of Overweight on the company shares. The Rating was issued on May 17, 2016.Red Robin Gourmet Burgers is Reiterated by Maxim Group to Buy while Lowering the Price Target of the company shares to $ 81 from a previous price target of $85 . The Rating was issued on May 17, 2016.Red Robin Gourmet Burgers is Reiterated by Maxim Group to Buy while Lowering the Price Target of the company shares to $ 85 from a previous price target of $91 . The Rating was issued on Apr 21, 2016.Red Robin Gourmet Burgers is Reiterated by Maxim Group to Buy while Lowering the Price Target of the company shares to $ 91 from a previous price target of $94 . The Rating was issued on Mar 22, 2016.

Red Robin Gourmet Burgers Inc. is a casual dining restaurant chain. The Company is focused on serving a selection of gourmet burgers. Its offers 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 vegetarian and vegan options. It offers a selection of buns including ciabatta gluten free sesame onion and whole grain buns and jalapeno rolls-with a variety of toppings. It offers a variety of appetizers salads soups seafood and other entrees desserts its signature alcoholic and non-alcoholic specialty beverages and a variety of national and craft beers. It offers its products under the brand names Red Robin Red Robin Gourmet Burgers Red Robin America’s Gourmet Burgers & Spirits Red Robin Burger Works YUMMM Red Robin Gourmet Burgers and Brews and Red Robin Royalty.

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