Have Insiders Sold Red Robin Gourmet Burgers Shares Recently?

Anyone interested in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) should probably be aware that the CEO, Director & President, Gerard Hart, recently divested US$104k worth of shares in the company, at an average price of US$4.43 each. On the bright side, that sale was only 8.6% of their holding, so we doubt it's very meaningful, on its own.

Red Robin Gourmet Burgers Insider Transactions Over The Last Year

In fact, the recent sale by Gerard Hart was the biggest sale of Red Robin Gourmet Burgers shares made by an insider individual in the last twelve months, according to our records. That means that an insider was selling shares at around the current price of US$4.33. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.

In the last twelve months insiders purchased 15.00k shares for US$50k. On the other hand they divested 32.28k shares, for US$143k. Over the last year we saw more insider selling of Red Robin Gourmet Burgers shares, than buying. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

See our latest analysis for Red Robin Gourmet Burgers

For those who like to find hidden gems this free list of small cap companies with recent insider purchasing, could be just the ticket.

Insider Ownership Of Red Robin Gourmet Burgers

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. Based on our data, Red Robin Gourmet Burgers insiders have about 3.4% of the stock, worth approximately US$2.5m. I generally like to see higher levels of ownership.

So What Does This Data Suggest About Red Robin Gourmet Burgers Insiders?

Insiders sold stock recently, but they haven't been buying. Zooming out, the longer term picture doesn't give us much comfort. Insiders own relatively few shares in the company, and when you consider the sales, we're not particularly excited about the stock. So we'd only buy after very careful consideration. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. For example - Red Robin Gourmet Burgers has 5 warning signs we think you should be aware of.

Of course Red Robin Gourmet Burgers may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

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 of direct interests only, but not derivative transactions or indirect interests.

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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.