Red Robin Gourmet Burgers (NASDAQ:RRGB) Releases Earnings Results

Red Robin Gourmet Burgers (NASDAQ:RRGB) released its earnings results on Wednesday. The restaurant operator reported $0.12 EPS for the quarter, FiscalAI reports. The company had revenue of $277.64 million during the quarter, compared to analysts’ expectations of $268.56 million.

Here are the key takeaways from Red Robin Gourmet Burgers’ conference call:

• Same-store sales increased 1.3% in Q2, with traffic nearly flat and outperforming the industry by 40 basis points; management said traffic improved as the quarter progressed and reached positive territory in the final period.
• Restaurant-level operating margin rose 20 basis points to 14.7%, supported by labor efficiencies, cost management, and improved sales, while employee turnover and guest satisfaction remained favorable.
• Red Robin announced three refranchising agreements expected to generate approximately $96 million in gross proceeds, which management plans to use primarily for debt reduction and greater financial flexibility.
• The company maintained its 2026 guidance, including comparable sales growth of 0.5%–1.5%, restaurant-level margin of about 13%, adjusted EBITDA of $70 million–$73 million, and capital expenditures of $25 million–$30 million; management expects stronger same-store momentum in the second half as value-program mix headwinds ease.
• Adjusted EBITDA declined $3.5 million year over year to $18.9 million, primarily because marketing expenses increased $4 million as Red Robin invested behind the Big Yummm Burger Deal and personalization initiatives; refinancing also remains unfinished while existing debt comes due later this year.

Red Robin Gourmet Burgers Price Performance

NASDAQ RRGB traded up $0.33 during trading hours on Wednesday, hitting $8.16. The company’s stock had a trading volume of 447,030 shares, compared to its average volume of 340,805. Red Robin Gourmet Burgers has a 12 month low of $2.45 and a 12 month high of $8.49. The company’s 50 day simple moving average is $6.80 and its two-hundred day simple moving average is $4.83. The company has a market cap of $150.96 million, a P/E ratio of -5.44 and a beta of 2.40.

Institutional Investors Weigh In On Red Robin Gourmet Burgers

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JCP Investment Management LLC raised its stake in Red Robin Gourmet Burgers by 0.6% during the 4th quarter. JCP Investment Management LLC now owns 1,871,235 shares of the restaurant operator’s stock valued at $7,579,000 after buying an additional 10,567 shares during the last quarter. Jain Global LLC bought a new stake in shares of Red Robin Gourmet Burgers in the fourth quarter worth $47,000. Squarepoint Ops LLC bought a new stake in shares of Red Robin Gourmet Burgers in the fourth quarter worth $71,000. Panagora Asset Management Inc. purchased a new stake in Red Robin Gourmet Burgers during the fourth quarter valued at $65,000. Finally, Barclays PLC increased its position in Red Robin Gourmet Burgers by 469.5% during the fourth quarter. Barclays PLC now owns 17,159 shares of the restaurant operator’s stock valued at $69,000 after acquiring an additional 14,146 shares during the last quarter. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on RRGB shares. Wall Street Zen upgraded shares of Red Robin Gourmet Burgers from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Red Robin Gourmet Burgers in a report on Friday, July 17th. Benchmark reissued a “buy” rating on shares of Red Robin Gourmet Burgers in a research report on Wednesday, June 3rd. Finally, UBS Group set a $8.00 price objective on shares of Red Robin Gourmet Burgers in a report on Wednesday, June 3rd. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Red Robin Gourmet Burgers presently has an average rating of “Hold” and a consensus price target of $7.67.

Red Robin Gourmet Burgers Company Profile

Red Robin Gourmet Burgers, Inc, trading on NASDAQ under the ticker RRGB, is a leading casual dining restaurant company headquartered in Greenwood Village, Colorado. The company specializes in offering a diverse menu centered on gourmet burgers, bottomless steak fries, salads, sandwiches and a selection of alcoholic beverages. Red Robin operates restaurants under its flagship Red Robin® brand, serving guests through both dine-in and off-premises channels, including delivery and carry-out. The company also leverages technology and loyalty programs to enhance the guest experience and drive repeat visits.

Founded in 1969 in Seattle, Washington, Red Robin began as a small tavern before evolving into a family-friendly restaurant concept focused on premium burgers.