Hood River Capital Management Increases Holding in Red Robin Gourmet Burgers (RRGB); Synchrony Finl (SYF) Valuation Declined While New Mountain Vantage Advisers Decreased Its Holding by $1.39 Million

June 10, 2018 - By Marguerite Chambers

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

Hood River Capital Management Llc increased its stake in Red Robin Gourmet Burgers (RRGB) by 7.71% based on its latest 2018Q1 regulatory filing with the SEC. Hood River Capital Management Llc bought 23,379 shares as the company’s stock declined 10.28% with the market. The institutional investor held 326,611 shares of the consumer services company at the end of 2018Q1, valued at $18.94 million, up from 303,232 at the end of the previous reported quarter. Hood River Capital Management Llc who had been investing in Red Robin Gourmet Burgers for a number of months, seems to be bullish on the $673.26M market cap company. The stock increased 2.67% or $1.35 during the last trading session, reaching $51.85. About 389,355 shares traded or 9.88% up from the average. Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) has declined 33.33% since June 10, 2017 and is downtrending. It has underperformed by 45.90% the S&P500. Some Historical RRGB News: 22/05/2018 – Red Robin Sees 2Q EPS 55c-EPS 75c; 22/05/2018 – Red Robin Closes Below 200-Day Moving Average: Technicals; 11/04/2018 – Red Robin is Latest Brand to Join Dinova Marketplace; 29/05/2018 – Red Robin Gourmet Burgers and Brews Does the #BurgerMath and the Answer is Teachers Eat Free; 16/05/2018 – Red Robin Closes Above 50-Day Moving Average: Technicals; 22/05/2018 – RED ROBIN EXECUTIVES SPEAK ON EARNINGS CALL; 22/05/2018 – RED ROBIN GOURMET BURGERS – QTRLY COMPARABLE RESTAURANT REVENUE DECREASED 0.9%, USING CONSTANT CURRENCY RATES; 20/03/2018 – Red Robin Gourmet Burgers and Brews is Two Weeks Away from Opening its Newest Restaurant in Texas; 22/05/2018 – RED ROBIN GOURMET BURGERS INC – QTRLY COMPARABLE RESTAURANT GUEST COUNTS INCREASED 0.1%; 23/04/2018 – Red Robin Gourmet Burgers and Brews is Two Weeks Away from Opening its Newest Restaurant in New York

Steven B. Klinsky decreased its stake in Synchrony Finl (SYF) by 3.75% based on its latest 2018Q1 regulatory filing with the SEC. New Mountain Vantage Advisers Llc sold 41,981 shares as the company’s stock declined 4.76% with the market. The hedge fund run by Steven B. Klinsky held 1.08 million shares of the consumer services company at the end of 2018Q1, valued at $36.14M, down from 1.12 million at the end of the previous reported quarter. New Mountain Vantage Advisers Llc who had been investing in Synchrony Finl for a number of months, seems to be less bullish one the $26.76B market cap company. The stock decreased 0.28% or $0.1 during the last trading session, reaching $35.45. About 4.14M shares traded. Synchrony Financial (NYSE:SYF) has risen 30.77% since June 10, 2017 and is uptrending. It has outperformed by 18.20% the S&P500. Some Historical SYF News: 14/03/2018 – Synchrony Hires BlackRock’s Trish Mosconi to Oversee Strategy; 12/04/2018 – Synchrony Opens Emerging Tech Center at the University of Illinois to Develop Artificial Intelligence Solutions; 17/05/2018 – SYNCHRONY BOOSTS QTR DIV TO 21C/SHR FROM 15C, EST. 16.5C; 31/05/2018 – SYNCHRONY CEO MARGARET KEANE COMMENTS AT INVESTOR CONFERENCE; 20/04/2018 – SYNCHRONY FINANCIAL 1Q EPS 83C; 14/03/2018 – Synchrony Appoints Trish Mosconi Executive Vice President, Business Strategy and Development; 31/05/2018 – SYNCHRONY SEES SCALE AS ADVANTAGE OVER MARCUS, LENDINGCLUB: CEO; 12/03/2018 – Redefining Success in IVF: SYNCHRONY by Igenomix Brings in a New Era, a New Hope for Infertile Couples; 20/04/2018 – Synchrony Financial 1Q Net $640M; 25/04/2018 – Synchrony Financial Bond Trading 2x Average; Clients Net Buyers

Among 30 analysts covering Synchrony Financial (NYSE:SYF), 22 have Buy rating, 1 Sell and 7 Hold. Therefore 73% are positive. Synchrony Financial had 77 analyst reports since July 20, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Wedbush given on Wednesday, December 7. The company was downgraded on Tuesday, August 18 by Zacks. The rating was maintained by Jefferies on Wednesday, June 7 with “Buy”. The firm earned “Buy” rating on Wednesday, June 15 by Citigroup. The firm earned “Market Perform” rating on Wednesday, September 16 by BMO Capital Markets. Bank of America upgraded the shares of SYF in report on Monday, December 18 to “Buy” rating. The company was initiated on Wednesday, May 11 by Macquarie Research. The firm earned “Market Perform” rating on Wednesday, April 12 by IBC. The stock of Synchrony Financial (NYSE:SYF) has “Buy” rating given on Friday, January 19 by Susquehanna. The rating was upgraded by Wells Fargo to “Outperform” on Tuesday, January 9.

More recent Synchrony Financial (NYSE:SYF) news were published by: Seekingalpha.com which released: “Synchrony Can Sustain More Credit Card Pain” on May 31, 2018. Also Streetinsider.com published the news titled: “Omega’s 13F Shows Increase in Ocwen (OCN), Synchrony (SYF), United (UAL), Exits Zynga (ZNGA) (More…)” on May 15, 2018. Seekingalpha.com‘s news article titled: “Synchrony: Buy On The Dip” with publication date: May 15, 2018 was also an interesting one.

Analysts await Synchrony Financial (NYSE:SYF) to report earnings on July, 20. They expect $0.80 EPS, up 31.15% or $0.19 from last year’s $0.61 per share. SYF’s profit will be $603.80 million for 11.08 P/E if the $0.80 EPS becomes a reality. After $0.83 actual EPS reported by Synchrony Financial for the previous quarter, Wall Street now forecasts -3.61% negative EPS growth.

New Mountain Vantage Advisers Llc, which manages about $2.44B and $1.22B US Long portfolio, upped its stake in Builders Firstsource Inc (NASDAQ:BLDR) by 1.18 million shares to 1.83 million shares, valued at $36.31 million in 2018Q1, according to the filing. It also increased its holding in Transcanada Corp (NYSE:TRP) by 118,737 shares in the quarter, for a total of 715,193 shares, and has risen its stake in Graphic Packaging Hldg Co (NYSE:GPK).

Hood River Capital Management Llc, which manages about $698.72M and $1.78B US Long portfolio, decreased its stake in Tier Reit Inc by 85,095 shares to 500,852 shares, valued at $9.26 million in 2018Q1, according to the filing. It also reduced its holding in Logmein Inc (NASDAQ:LOGM) by 43,642 shares in the quarter, leaving it with 94,932 shares, and cut its stake in Pra Health Sciences Inc.

Investors sentiment increased to 1.15 in Q1 2018. Its up 0.07, from 1.08 in 2017Q4. It is positive, as 21 investors sold RRGB shares while 44 reduced holdings. 21 funds opened positions while 54 raised stakes. 16.34 million shares or 4.77% less from 17.16 million shares in 2017Q4 were reported. Sei Invs Co, Pennsylvania-based fund reported 17,053 shares. 3,895 are owned by Stevens Mngmt Lp. State Street holds 0% of its portfolio in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) for 327,161 shares. Moreover, Emerald Advisers Pa has 0.36% invested in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) for 156,815 shares. Bessemer Gru invested 0% of its portfolio in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB). Envestnet Asset reported 1,518 shares. California State Teachers Retirement Sys accumulated 0% or 19,558 shares. Td Asset stated it has 27,441 shares or 0% of all its holdings. Riverhead Mgmt Llc invested in 1,050 shares. Wellington Management Gp Ltd Liability Partnership holds 349,476 shares. Ameritas Invest Ptnrs Incorporated holds 1,090 shares. Parallax Volatility Advisers LP reported 0% in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB). Parametric Portfolio Associate Ltd Liability Corporation has 88,679 shares for 0.01% of their portfolio. 44,246 are held by Aqr Mngmt Ltd Llc. New Jersey-based Landscape Limited Co has invested 0.71% in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB).

More notable recent Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) news were published by: Benzinga.com which released: “Red Robin Gourmet Burgers Downgraded After Q1 Print Falls Short Of BTIG’s Expectations” on May 23, 2018, also Seekingalpha.com with their article: “Expect Red Robin Gourmet Burgers To Miss FY2018 EPS Guidance” published on May 31, 2018, Nasdaq.com published: “Mid-Day Market Update: Dow Falls Over 100 Points; Cara Therapeutics Shares Spike Higher” on May 23, 2018. More interesting news about Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) were released by: Nasdaq.com and their article: “Why General Electric, Hewlett Packard Enterprise, and Red Robin Gourmet Burgers Slumped Today” published on May 23, 2018 as well as Streetinsider.com‘s news article titled: “Pre-Open Movers 05/23: (AVGR) (CARA) (TIF) Higher; (RRGB) (PFNX) (TCS) Lower (more…)” with publication date: May 23, 2018.

Since March 5, 2018, it had 1 insider buy, and 3 selling transactions for $170,445 activity. $116,554 worth of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) shares were sold by Howell Richard J. 1,500 Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) shares with value of $86,975 were sold by MOORE PATTYE L.

Among 10 analysts covering Red Robin Gourmet Burgers (NASDAQ:RRGB), 6 have Buy rating, 0 Sell and 4 Hold. Therefore 60% are positive. Red Robin Gourmet Burgers had 48 analyst reports since August 27, 2015 according to SRatingsIntel. Jefferies downgraded the stock to “Hold” rating in Tuesday, July 26 report. Maxim Group initiated the shares of RRGB in report on Friday, September 11 with “Buy” rating. Maxim Group maintained the stock with “Buy” rating in Tuesday, October 25 report. The firm has “Buy” rating given on Wednesday, May 23 by Canaccord Genuity. The rating was maintained by Jefferies on Saturday, September 5 with “Buy”. The stock has “Buy” rating by Canaccord Genuity on Thursday, December 14. The rating was maintained by Jefferies on Tuesday, February 16 with “Buy”. The rating was maintained by Stifel Nicolaus with “Hold” on Wednesday, January 3. Canaccord Genuity maintained Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) rating on Thursday, September 28. Canaccord Genuity has “Buy” rating and $80.0 target. On Wednesday, May 23 the stock rating was downgraded by BTIG Research to “Hold”.

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

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