Post-Thanksgiving Insider Buying Includes Warren Buffett Pick
The number of big insider share purchases slowed in the past couple of weeks. Yet, some repeat buyers are still stepping up to the buy window.
Headquartered in Englewood, CO Fiscal year ends December NASDAQ: RRGB redrobin.com
Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) is a casual dining restaurant chain founded in 1969, operating under the trade name Red Robin Gourmet Burgers and Brews. The company operates nearly 500 locations across the United States and Canada, including both company-owned and franchised restaurants. Red Robin serves a variety of gourmet burgers, salads, appetizers, entrees, desserts, signature beverages, and Donatos pizza at select locations in a family-friendly atmosphere. The company offers dine-in, to-go, delivery, and catering services, and operates a loyalty program called Red Robin Royalty. Red Robin is executing a strategic turnaround plan called "First Choice" focused on operational excellence, targeted marketing, refranchising initiatives, and balance sheet improvement. The company recently announced agreements to sell 116 company-owned restaurants to franchise operators for $96 million in gross proceeds as part of its refranchising strategy. Updated
The number of big insider share purchases slowed in the past couple of weeks. Yet, some repeat buyers are still stepping up to the buy window.
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Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) is a casual dining restaurant chain founded in 1969, operating under the trade name Red Robin Gourmet Burgers and Brews. The company operates nearly 500 locations across the United States and Canada, including both company-owned and franchised restaurants.
The Wall Street consensus 12-month price target for RRGB is $11.33.