Red Robin Gourmet Burgers, Inc.
- Open
- 7.89
- Day high
- 7.89
- Day low
- 7.62
- Prev close
- 7.99
- Volume
- 86K
- Mkt cap
- $139M
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- -1.3
- P/S
- 0.1
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$3K over the last 3 months (0 open-market buys, 1 sale)
- 🏛Institutions mixed (13F)
Red Robin Gourmet Burgers, Inc. (RRGB) is a Consumer Cyclical company listed on NASDAQ. The stock is up 24% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 1 sale (SEC Form 4).
Red Robin Gourmet Burgers, Inc. (RRGB) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
RRGB earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 19, 2026 | $0.21 | $0.13 | -38.1% | $378M | +38.4% |
| Feb 25, 2026 | $-0.28 | $-0.41 | -46.4% | $269M | -26.5% |
| Aug 13, 2025 | $-0.25 | $0.26 | +204.0% | $284M | +9.5% |
| May 29, 2025 | $-0.57 | $0.19 | +133.3% | $392M | +0.9% |
| Feb 26, 2025 | $-0.50 | $-0.94 | -88.0% | $285M | -27.3% |
| Aug 22, 2024 | $-0.41 | $-0.48 | -17.1% | $300M | +2.0% |
| May 29, 2024 | $-0.41 | $-0.80 | -95.1% | $389M | -1.1% |
| Feb 28, 2024 | $-0.43 | $-0.66 | -53.5% | $309M | +1.3% |
| Nov 1, 2023 | $-0.81 | $-0.79 | +2.5% | $278M | -9.5% |
| Aug 17, 2023 | $-0.55 | $-0.24 | +56.4% | $299M | +1.1% |
| May 24, 2023 | $-0.62 | $0.25 | +140.3% | $418M | +3.1% |
| Feb 28, 2023 | $-0.66 | $-1.35 | -104.5% | $290M | +0.4% |
RRGB insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| May 15, 2026 | Martin Christopher Rossdirector, 10 percent owner: | Grant | 31,662 | — |
| May 15, 2026 | Ackil Anthony Sdirector | Grant | 31,662 | — |
| May 15, 2026 | LUMPKIN STEVEdirector | Grant | 31,662 | — |
| May 15, 2026 | Pappas James Cdirector, 10 percent owner: | Grant | 31,662 | — |
| May 15, 2026 | Varnado Anddriadirector | Grant | 31,662 | — |
| May 15, 2026 | Regan Nicole Millerdirector | Grant | 31,662 | — |
| May 15, 2026 | Graff Mark Eofficer: Chief Financial Officer | Grant | 79,155 | — |
| Apr 8, 2026 | Griffith Jesseofficer: Chief Operations Officer | Sell | 1,008 | $3.03 |
| Mar 24, 2026 | Griffith Jesseofficer: Chief Operations Officer | Tax | 3,284 | $3.08 |
| Mar 24, 2026 | Mussetter Sarah A.officer: CHIEF LEGAL OFFICER | Sell | 2,913 | $3.12 |
| Mar 24, 2026 | Mussetter Sarah A.officer: CHIEF LEGAL OFFICER | Tax | 8,391 | $3.08 |
| Mar 24, 2026 | PACE DAVIDdirector, officer: PRESIDENT AND CEO | Grant | 250,000 | — |
| Mar 24, 2026 | Mussetter Sarah A.officer: CHIEF LEGAL OFFICER | Grant | 69,350 | — |
| Mar 24, 2026 | Griffith Jesseofficer: Chief Operations Officer | Sell | 839 | $3.12 |
| Mar 24, 2026 | Griffith Jesseofficer: Chief Operations Officer | Grant | 38,636 | — |
Source: RRGB SEC Form 4 filings, latest May 15, 2026. For informational purposes only — not investment advice.
See the full RRGB insider & 13F page →Red Robin Gourmet Burgers, Inc. company profile
Overview
Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) is a Colorado-based casual dining restaurant chain founded in 1969 and publicly traded since 2002. The company operates and franchises full-service restaurants specializing in gourmet burgers and related menu items across the United States and one Canadian province. After experiencing significant challenges in recent years, including declining traffic and profitability pressures, Red Robin has been executing a strategic turnaround plan focused on operational improvements, guest experience enhancement, and financial stabilization.
Business
Red Robin operates in the casual dining restaurant industry, positioned between fast-casual and fine dining establishments. The company's core offering centers around gourmet burgers - premium hamburgers made with higher-quality ingredients and creative flavor combinations compared to traditional fast-food burgers. The casual dining segment typically features table service, alcohol service, and average check sizes ranging from $15-25 per person. The company's menu extends beyond burgers to include shareable pizzas (including their Donatos Pizza partnership), appetizers, salads, sandwiches, seafood, desserts, wings, milkshakes, and both alcoholic and non-alcoholic beverages. A signature feature is their "bottomless" menu items - unlimited refills on certain sides like fries and beverages, which has expanded to 30 items as a competitive differentiator. Red Robin operates through two primary business segments: 1. Company-owned restaurants representing approximately 81% of locations (430 units), which generate the majority of revenue through direct food and beverage sales. 2. Franchise operations comprising about 19% of locations (101 units), generating revenue through franchise fees, royalties, and supplier rebates. As of late 2024, the company operated approximately 531 total locations, down from historical peaks as part of optimization efforts to close underperforming units.
Revenue model
Red Robin generates revenue primarily through restaurant sales at company-owned locations, where customers pay for food, beverages, and alcoholic drinks consumed on-premises or through takeout/delivery. The average guest check has been increasing, helping offset declining traffic trends. Company-owned restaurants represent the vast majority of revenue, while franchise operations contribute through initial franchise fees, ongoing royalty payments (typically 4-5% of gross sales), and supplier program rebates. The company's restaurant-level operating profit - a key metric measuring profitability after food costs, labor, and direct restaurant expenses - has fluctuated between 9-13% of revenue in recent quarters. Several factors significantly impact margins: Labor costs represent the largest expense category, with wage inflation and staffing challenges pressuring profitability. The company has invested in additional staff (bussers, hosts, kitchen managers) to improve service quality, which temporarily reduced margins but aims to drive long-term traffic recovery. Food and beverage costs are influenced by commodity price inflation, with the company experiencing mid-to-high single-digit increases. Competition from both casual dining chains and fast-casual concepts has intensified promotional activity and discounting, pressuring average check growth. Consumer spending patterns during economic uncertainty tend to favor value-oriented options, leading Red Robin to increase promotional offers. Fixed costs including rent, utilities, and corporate overhead create operational leverage - when traffic increases, these costs are spread across more customers, improving margins, but the reverse occurs during traffic declines.
Competitive moat
Red Robin's competitive moat appears relatively weak in the highly fragmented and competitive casual dining landscape. The company's primary differentiators include its gourmet burger positioning and "bottomless" menu concept, but these advantages are not particularly defensible as competitors can easily replicate similar offerings. The company's brand recognition provides some value, particularly in established markets, and their loyalty program with 14.5 million members creates modest customer retention benefits. However, the casual dining industry faces structural challenges from fast-casual concepts that offer similar food quality with faster service and lower prices, as well as delivery platforms that provide convenience. Location advantages may exist for well-positioned restaurants in high-traffic areas, but many Red Robin locations appear to be underperforming, as evidenced by planned closures of 10-15 units. The company lacks significant economies of scale compared to larger restaurant chains, limiting purchasing power and operational efficiencies. The most significant competitive threats come from fast-casual burger chains like Five Guys, Shake Shack, and In-N-Out, which offer premium burgers with faster service, and established casual dining competitors with stronger operational execution and financial resources. The rise of delivery platforms has also commoditized restaurant access, reducing location-based advantages and increasing competitive pressure.
Risks & safety
Red Robin's margin of safety appears extremely limited with significant financial distress indicators across multiple metrics. **Liquidity and Solvency Concerns:** - Current ratio of 0.52 indicates inability to cover short-term obligations - Cash position of $30.7 million against $189.6 million in current liabilities - Negative free cash flow of -$19.0 million for fiscal 2024 - Total liabilities of $725.6 million exceed total assets of $641.3 million by $84.3 million **Valuation Metrics:** - Negative book value resulting in meaningless P/B ratios - EV/EBITDA of 117.8x based on minimal EBITDA of $5.4 million - Trading at $4.52 per share with market cap of approximately $117 million **Other Considerations:** - Debt-to-equity ratio of -6.86 reflects negative equity position - Restaurant closures planned (10-15 units) indicate asset optimization under distress - Declining revenue trend from $1.30 billion (2023) to $1.25 billion (2024)
Recent development
Over the past few years, Red Robin has executed a comprehensive "North Star 5-point plan" aimed at operational turnaround. Key strategic initiatives include transforming into an operations-focused restaurant company through significant labor investments, adding back bussers, hosts, and dedicated kitchen managers to improve service quality. The company completed a system-wide rollout of flat-top grills and upgraded menu ingredients to enhance food quality and presentation. A major focus has been guest experience improvement, with guest satisfaction scores reaching levels not seen since 2016. Wait times have been dramatically reduced, with only 1% of guests now waiting over 15 minutes. The company launched the "Leave Room for Fun" marketing campaign and completely revamped their loyalty program, rebranding it as "Loyalty 2.0" in May 2024. This program has driven significant engagement, with 150,000 new sign-ups per four-week period and 13% increase in loyalty transactions. Menu innovation has included expanding the bottomless menu to 30 items and introducing platforms like Hot Honey in March 2025. The company implemented "appointment dining" promotions including Monster Mondays and $10 Cheeseburger Tuesdays to drive traffic during specific periods. They also expanded their Donatos Pizza partnership to approximately 250 restaurants, with locations serving Donatos outperforming non-Donatos restaurants. Cost optimization efforts include vendor consolidation, supply chain improvements, and the planned closure of 10-15 underperforming restaurants in 2025. The company has also focused on improving labor efficiency through better training programs and scheduling tools, aiming to reduce marketing expenses from $38 million in 2024 to $30 million in 2025 through more targeted approaches.
RRGB company profile · for informational purposes only — not investment advice.
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