Jane Street Group LLC Reduces Holdings in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB)

Jane Street Group LLC decreased its position in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) by 30.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 80,993 shares of the restaurant operator’s stock after selling 35,926 shares during the period. Jane Street Group LLC’s holdings in Red Robin Gourmet Burgers were worth $357,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in RRGB. Quarry LP purchased a new position in shares of Red Robin Gourmet Burgers during the 2nd quarter worth approximately $25,000. Quantbot Technologies LP acquired a new stake in Red Robin Gourmet Burgers during the 3rd quarter worth approximately $34,000. Point72 DIFC Ltd acquired a new stake in Red Robin Gourmet Burgers during the 2nd quarter worth approximately $55,000. Wolverine Trading LLC acquired a new stake in Red Robin Gourmet Burgers during the 3rd quarter worth approximately $55,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Red Robin Gourmet Burgers during the 2nd quarter worth approximately $172,000. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Insider Activity

In related news, insider Jumana Capital Investments Llc purchased 45,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were purchased at an average cost of $5.18 per share, for a total transaction of $233,100.00. Following the purchase, the insider now directly owns 814,452 shares of the company’s stock, valued at $4,218,861.36. The trade was a 5.85 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders have bought 846,597 shares of company stock worth $4,393,946. 3.19% of the stock is currently owned by corporate insiders.

Red Robin Gourmet Burgers Stock Down 4.3 %

Red Robin Gourmet Burgers stock opened at $5.32 on Thursday. The firm has a market cap of $92.53 million, a PE ratio of -1.62 and a beta of 2.64. Red Robin Gourmet Burgers, Inc. has a 52-week low of $2.97 and a 52-week high of $11.62. The company’s 50 day moving average is $5.40 and its two-hundred day moving average is $5.27.

About Red Robin Gourmet Burgers

Red Robin Gourmet Burgers, Inc, together with its subsidiaries, develops, operates, and franchises casual-dining restaurants, in North America and one Canadian province. Its restaurants primarily offer burgers and pizza, appetizers, salads, soups, other entrees, desserts, wings, milkshakes, alcoholic and non-alcoholic specialty drinks, cocktails, wine, and beers.