SCHEDULE 13G/A: Pacific Ridge Capital Partners Discloses 6.8% Stake in Red Robin Gourmet Burgers

Pacific Ridge Capital Partners, LLC has filed an amended Schedule 13G, revealing a 6.8% beneficial ownership stake in Red Robin Gourmet Burgers Inc.

Summary

• Pacific Ridge Capital Partners, LLC, an investment adviser based in Lake Oswego, Oregon, has reported beneficial ownership of 1,069,632 shares of Common Stock in Red Robin Gourmet Burgers Inc.
• This stake represents 6.8% of the outstanding class of securities of Red Robin Gourmet Burgers Inc.
• Pacific Ridge Capital Partners, LLC holds sole voting power over 755,282 shares and sole dispositive power over all 1,069,632 shares.
• The filing is an Amendment No. 2 to a previous Schedule 13G, indicating an update to their ownership position.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently lead to a positive or negative sentiment beyond the mere fact of an institutional investment.

Positives

• The disclosure of a significant 6.8% stake by an institutional investor like Pacific Ridge Capital Partners, LLC may signal increased institutional confidence or interest in Red Robin Gourmet Burgers Inc.

Future Outlook

This document does not contain any forward-looking statements or guidance regarding the issuer's future performance or outlook.

Industry Context

This filing is a standard disclosure of beneficial ownership by an investment firm in a publicly traded company within the restaurant industry. It does not provide broader industry trends or competitive analysis.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional stake may be viewed positively, potentially indicating increased investor interest or confidence in the company.

Key Dates

Keywords

Red Robin Gourmet Burgers Inc., Pacific Ridge Capital Partners, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investment, Restaurant Industry, Equity Stake