Red Robin Gourmet Burgers In (RRGB) Holder Sg Capital Management Has Lifted Stake; As Microsoft (MSFT) Market Value Rose, Holder Merriman Wealth Management Decreased Stake by $1.84 Million

May 19, 2018 - By Maria Brooks

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Ken Grossman increased its stake in Red Robin Gourmet Burgers In (RRGB) by 85.6% based on its latest 2017Q4 regulatory filing with the SEC. Sg Capital Management Llc bought 36,306 shares as the company’s stock rose 6.18% while stock markets declined. The hedge fund run by Ken Grossman held 78,718 shares of the consumer services company at the end of 2017Q4, valued at $4.44M, up from 42,412 at the end of the previous reported quarter. Sg Capital Management Llc who had been investing in Red Robin Gourmet Burgers In for a number of months, seems to be bullish on the $780.24M market cap company. The stock decreased 5.94% or $3.8 during the last trading session, reaching $60.15. About 570,284 shares traded or 113.27% up from the average. Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) has risen 6.37% since May 19, 2017 and is uptrending. It has underperformed by 5.18% the S&P500.

Merriman Wealth Management Llc decreased its stake in Microsoft Corp (MSFT) by 3.19% based on its latest 2017Q4 regulatory filing with the SEC. Merriman Wealth Management Llc sold 21,604 shares as the company’s stock rose 4.63% while stock markets declined. The institutional investor held 655,523 shares of the prepackaged software company at the end of 2017Q4, valued at $56.07 million, down from 677,127 at the end of the previous reported quarter. Merriman Wealth Management Llc who had been investing in Microsoft Corp for a number of months, seems to be less bullish one the $740.35B market cap company. The stock increased 0.19% or $0.18 during the last trading session, reaching $96.36. About 13.92M shares traded. Microsoft Corporation (NASDAQ:MSFT) has risen 37.43% since May 19, 2017 and is uptrending. It has outperformed by 25.88% the S&P500.

Sg Capital Management Llc, which manages about $427.20 million and $499.89 million US Long portfolio, decreased its stake in Chart Inds Inc by 96,697 shares to 244,395 shares, valued at $11.45 million in 2017Q4, according to the filing. It also reduced its holding in United Rentals Inc (NYSE:URI) by 79,145 shares in the quarter, leaving it with 74,919 shares, and cut its stake in Intrepid Potash Inc (NYSE:IPI).

Among 10 analysts covering Red Robin Gourmet Burgers (NASDAQ:RRGB), 8 have Buy rating, 0 Sell and 2 Hold. Therefore 80% are positive. Red Robin Gourmet Burgers had 44 analyst reports since August 27, 2015 according to SRatingsIntel. The company was maintained on Wednesday, April 18 by Stifel Nicolaus. Jefferies maintained it with “Hold” rating and $61.0 target in Monday, September 11 report. The firm has “Equal-Weight” rating by Morgan Stanley given on Monday, February 26. The rating was maintained by Jefferies with “Buy” on Tuesday, February 16. The company was maintained on Friday, February 12 by Maxim Group. Zacks downgraded Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) on Monday, September 7 to “Hold” rating. The stock of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) earned “Hold” rating by Jefferies on Tuesday, November 7. The firm has “Buy” rating given on Thursday, January 12 by Maxim Group. Maxim Group maintained Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) on Tuesday, October 25 with “Buy” rating. The company was maintained on Thursday, April 19 by Canaccord Genuity.

Investors sentiment decreased to 1.08 in 2017 Q4. Its down 0.18, from 1.26 in 2017Q3. It dropped, as 22 investors sold RRGB shares while 53 reduced holdings. 29 funds opened positions while 52 raised stakes. 17.16 million shares or 5.90% more from 16.20 million shares in 2017Q3 were reported. Pinebridge Invs Limited Partnership reported 0.03% of its portfolio in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB). Regions Corp stated it has 0% in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB). California Public Employees Retirement Systems owns 35,837 shares for 0% of their portfolio. Moreover, Arrowstreet Limited Partnership has 0.04% invested in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) for 303,225 shares. Schwab Charles Management invested in 181,647 shares or 0.01% of the stock. Cramer Rosenthal Mcglynn Ltd Liability Corporation owns 290,296 shares or 0.26% of their US portfolio. Legal And General Group Inc Public Limited Co holds 27,020 shares. Gsa Capital Prns Llp holds 3,715 shares or 0.01% of its portfolio. Credit Suisse Ag holds 29,040 shares. Hussman Strategic owns 25,000 shares for 0.4% of their portfolio. South Dakota Inv Council holds 0.02% or 15,584 shares in its portfolio. Iowa-based Principal Fincl Gp has invested 0.01% in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB). Comerica Savings Bank has 0.03% invested in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) for 78,679 shares. Adams Diversified Equity Fund has invested 0.04% in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB). Rhumbline Advisers invested in 0% or 29,671 shares.

More important recent Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) news were published by: Benzinga.com which released: “Benzinga’s Top Upgrades, Downgrades For May 16, 2018” on May 16, 2018, also Benzinga.com published article titled: “5 Biggest Price Target Changes For Wednesday”, Benzinga.com published: “Red Robin Burgers Is ‘Ready To Fly,’ Analyst Says In Upgrade” on May 09, 2018. More interesting news about Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) was released by: Benzinga.com and their article: “Benzinga’s Top Upgrades, Downgrades For May 9, 2018” with publication date: May 09, 2018.

Since March 5, 2018, it had 0 insider purchases, and 3 sales for $418,020 activity. The insider MOORE PATTYE L sold 1,500 shares worth $86,975.

Investors sentiment decreased to 0.77 in Q4 2017. Its down 0.06, from 0.83 in 2017Q3. It fall, as 39 investors sold MSFT shares while 1012 reduced holdings. 134 funds opened positions while 676 raised stakes. 5.46 billion shares or 0.90% less from 5.51 billion shares in 2017Q3 were reported. Nj State Employees Deferred Compensation Plan holds 2.52% of its portfolio in Microsoft Corporation (NASDAQ:MSFT) for 170,000 shares. Independent Franchise Prns Ltd Liability Partnership owns 11.46 million shares or 8.32% of their US portfolio. Boys Arnold & has invested 0.71% of its portfolio in Microsoft Corporation (NASDAQ:MSFT). West Family Invs invested in 42,400 shares. Castleark Limited holds 1.87% or 729,426 shares. Cohen Steers holds 0.05% or 225,105 shares in its portfolio. Field Main Bancorp stated it has 0.71% of its portfolio in Microsoft Corporation (NASDAQ:MSFT). Arcadia Investment Mi accumulated 9,700 shares. North Star Investment Mgmt Corp invested in 115,738 shares or 1.2% of the stock. Badgley Phelps Bell reported 2.31% of its portfolio in Microsoft Corporation (NASDAQ:MSFT). St Germain D J stated it has 0.39% of its portfolio in Microsoft Corporation (NASDAQ:MSFT). The Alabama-based Aull & Monroe Investment Management has invested 0.77% in Microsoft Corporation (NASDAQ:MSFT). Montgomery Inv holds 19,537 shares or 0.68% of its portfolio. Greylin Invest Mangement reported 0.05% in Microsoft Corporation (NASDAQ:MSFT). The New York-based Lvw Advisors Ltd Llc has invested 1.54% in Microsoft Corporation (NASDAQ:MSFT).

Since February 16, 2018, it had 0 insider purchases, and 3 selling transactions for $930,912 activity.

More notable recent Microsoft Corporation (NASDAQ:MSFT) news were published by: Investorplace.com which released: “3 Stocks to Watch on Thursday: Booking Holdings Inc (BKNG), Microsoft Corporation (MSFT) and Qualcomm, Inc …” on May 10, 2018, also Benzinga.com with their article: “Microsoft Presents New Technology At Build Conference” published on May 08, 2018, Nasdaq.com published: “Microsoft Corporation Replacing Surface Pro 4s in “Flickergate” Resolution” on May 14, 2018. More interesting news about Microsoft Corporation (NASDAQ:MSFT) were released by: Benzinga.com and their article: “Microsoft Shares On A Path Toward $130, Says Morgan Stanley” published on April 27, 2018 as well as Seekingalpha.com‘s news article titled: “Microsoft Does It Again” with publication date: May 01, 2018.

Among 37 analysts covering Microsoft Corporation (NASDAQ:MSFT), 31 have Buy rating, 1 Sell and 5 Hold. Therefore 84% are positive. Microsoft Corporation had 185 analyst reports since July 22, 2015 according to SRatingsIntel. The firm earned “Overweight” rating on Wednesday, January 13 by Morgan Stanley. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, January 27 report. The firm earned “Buy” rating on Monday, November 27 by Piper Jaffray. The stock of Microsoft Corporation (NASDAQ:MSFT) has “Buy” rating given on Friday, April 27 by Stifel Nicolaus. Jefferies maintained the shares of MSFT in report on Friday, January 29 with “Underperform” rating. The firm has “Buy” rating given on Friday, April 27 by Canaccord Genuity. The stock of Microsoft Corporation (NASDAQ:MSFT) has “Buy” rating given on Friday, July 21 by Raymond James. The rating was maintained by BMO Capital Markets on Wednesday, August 23 with “Buy”. The rating was maintained by Deutsche Bank on Friday, July 21 with “Buy”. The company was maintained on Tuesday, April 19 by Nomura.

Merriman Wealth Management Llc, which manages about $1.58 billion and $409.69 million US Long portfolio, upped its stake in Select Sector Spdr Tr (XLY) by 6,919 shares to 14,300 shares, valued at $1.41M in 2017Q4, according to the filing. It also increased its holding in Nvidia Corp (NASDAQ:NVDA) by 1,585 shares in the quarter, for a total of 4,412 shares, and has risen its stake in Vaneck Vectors Etf Tr.

Microsoft Corporation (NASDAQ:MSFT) Institutional Positions Chart

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