Red Robin Gourmet Burgers Inc (RRGB) Files Form 4 Insider Selling : Stuart I Oran Sells 1,200 Shares

Red Robin Gourmet Burgers Inc (RRGB): Stuart I Oran , director of Red Robin Gourmet Burgers Inc sold 1,200 shares on Jun 22, 2016. The Insider selling transaction was reported by the company on Jun 24, 2016 to the Securities and Exchange Commission. The shares were sold at $52.62 per share for a total value of $63,144.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 21, 2016, Carin Stutz (COO) purchased 978 shares at $50.99 per share price.On May 23, 2016, Stephen E. Carley (CEO) purchased 1,050 shares at $48.04 per share price.Also, 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.

Shares of Red Robin Gourmet Burgers (RRGB) ended Friday, Jun 24, 2016 session in red amid volatile trading. The shares closed down -0.79 points or -1.47% at $52.84 with 6,19,611 shares getting traded. Post opening the session at $51.62, the shares hit an intraday low of $51.62 and an intraday high of $53.17 and the price vacillated in this range throughout the day. The company has a market cap of $721 M and the number of outstanding shares has been calculated to be 1,36,47,035 shares. The 52-week high of Red Robin Gourmet Burgers is $95 and the 52-week low is $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 Reiterated by Maxim Group to Buy while Lowering the Price Target of the company shares to $ 77 from a previous price target of $81 . The Rating was issued on Jun 17, 2016.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 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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Red Robin Gourmet Burgers - Is it time to Sell?

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