Yahoo Finance The Executive VP & CFO of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB), Todd Wilson, Just Bought 22% More Shares
Investors who take an interest in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) should definitely note that the Executive VP & CFO, Todd Wilson, recently paid US$11.23 per share to buy US$112k worth of the stock. That's a very solid buy in our book, and increased their holding by a noteworthy 22%.
View our latest analysis for Red Robin Gourmet Burgers
Red Robin Gourmet Burgers Insider Transactions Over The Last Year
The Independent Director Steven Lumpkin made the biggest insider purchase in the last 12 months. That single transaction was for US$140k worth of shares at a price of US$7.02 each. Even though the purchase was made at a significantly lower price than the recent price (US$12.34), we still think insider buying is a positive. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.
In the last twelve months Red Robin Gourmet Burgers insiders were buying shares, but not selling. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
Red Robin Gourmet Burgers is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership
For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Insiders own 3.6% of Red Robin Gourmet Burgers shares, worth about US$7.1m, according to our data. We do generally prefer see higher levels of insider ownership.
So What Does This Data Suggest About Red Robin Gourmet Burgers Insiders?
It's certainly positive to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Red Robin Gourmet Burgers insiders are reasonably well aligned, and optimistic for the future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Red Robin Gourmet Burgers. You'd be interested to know, that we found 2 warning signs for Red Robin Gourmet Burgers and we suggest you have a look.
But note: Red Robin Gourmet Burgers may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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