Cooper Creek Partners Management LLC Has Raised Stake in Red Robin Gourmet (RRGB) as Market Valuation Declined

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) LogoInvestors sentiment decreased to 0.81 in Q3 2018. Its down 0.65, from 1.46 in 2018Q2. It worsened, as 36 investors sold RRGB shares while 39 reduced holdings. 18 funds opened positions while 43 raised stakes. 14.88 million shares or 8.03% less from 16.17 million shares in 2018Q2 were reported. Art Lc stated it has 37,446 shares. Sei Invs reported 21,002 shares. American Intl Gp Inc owns 10,200 shares. Mackay Shields Ltd Liability has invested 0.01% of its portfolio in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB). First Trust Lp reported 0% stake. Secor Capital Advisors Ltd Partnership, a New York-based fund reported 47,075 shares. Rhumbline Advisers holds 31,883 shares or 0% of its portfolio. Ls Invest Advisors Ltd Limited Liability Company holds 413 shares. 266,417 are held by Stephens Ar. Price T Rowe Associates Incorporated Md holds 0.01% or 2.11 million shares in its portfolio. Tiaa Cref Inv Ltd Llc owns 27,476 shares or 0% of their US portfolio. Royal Bank Of Canada has 26,858 shares for 0% of their portfolio. Voya Investment Limited holds 0% of its portfolio in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) for 11,606 shares. Whittier Tru holds 0% of its portfolio in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) for 145 shares. Macquarie Grp Limited reported 1,300 shares or 0% of all its holdings.

Cooper Creek Partners Management Llc increased its stake in Red Robin Gourmet (RRGB) by 46.69% based on its latest 2018Q3 regulatory filing with the SEC. Cooper Creek Partners Management Llc bought 61,436 shares as the company’s stock declined 20.69% with the market. The hedge fund held 193,027 shares of the consumer services company at the end of 2018Q3, valued at $12.93 million, up from 131,591 at the end of the previous reported quarter. Cooper Creek Partners Management Llc who had been investing in Red Robin Gourmet for a number of months, seems to be bullish on the $411.93 million market cap company. The stock decreased 1.55% or $0.5 during the last trading session, reaching $31.74. About 69,152 shares traded. Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) has declined 39.53% since January 14, 2018 and is downtrending. It has underperformed by 39.53% the S&P500.

More notable recent Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) news were published by: Seekingalpha.com which released: “Red Robin Should Fall Further – Seeking Alpha” on May 28, 2018, also Seekingalpha.com with their article: “Red Robin Still Hasn’t Proven Itself – Seeking Alpha” published on February 27, 2018, Seekingalpha.com published: “Red Robin: Skip This Meal – Seeking Alpha” on November 18, 2016. More interesting news about Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) were released by: Benzinga.com and their article: “Red Robin Gourmet Burgers (NASDAQ:RRGB) Downgraded After Q1 Print Falls Short Of BTIG’s Expectations – Benzinga” published on May 23, 2018 as well as Nasdaq.com‘s news article titled: “Red Robin (RRGB) Q2 Earnings Meet Estimates – Nasdaq” with publication date: August 21, 2018.

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) Ratings Coverage

Among 9 analysts covering Red Robin Gourmet Burgers (NASDAQ:RRGB), 2 have Buy rating, 0 Sell and 7 Hold. Therefore 22% are positive. Red Robin Gourmet Burgers had 11 analyst reports since August 2, 2018 according to SRatingsIntel. The firm earned “Hold” rating on Thursday, August 2 by Canaccord Genuity. The firm earned “Market Perform” rating on Thursday, August 2 by Raymond James. The stock of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) has “Hold” rating given on Wednesday, December 19 by Jefferies. The company was maintained on Thursday, August 2 by Stifel Nicolaus. The firm has “Equal-Weight” rating given on Friday, August 3 by Morgan Stanley. The stock of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) earned “Equal-Weight” rating by Morgan Stanley on Friday, August 24. The stock of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) has “Buy” rating given on Thursday, August 2 by Maxim Group. The company was maintained on Thursday, October 18 by Morgan Stanley. Bank of America maintained the stock with “Buy” rating in Thursday, August 2 report.

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) Institutional Positions Chart

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