Red Robin Gourmet Burgers (NASDAQ:RRGB) Issues Quarterly Earnings Results

Red Robin Gourmet Burgers (NASDAQ:RRGB) announced its quarterly earnings data on Wednesday. The restaurant operator reported $0.12 earnings per share for the quarter, FiscalAI reports. The company had revenue of $277.64 million for the quarter, compared to the consensus estimate 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 on Wednesday, reaching $8.16. 444,826 shares of the company’s stock traded hands, compared to its average volume of 340,687. The firm has a market cap of $150.96 million, a price-to-earnings ratio of -5.44 and a beta of 2.40. The company’s 50 day simple moving average is $6.72 and its two-hundred day simple moving average is $4.81. Red Robin Gourmet Burgers has a 12-month low of $2.45 and a 12-month high of $8.49.

Hedge Funds Weigh In On Red Robin Gourmet Burgers

A number of large investors have recently bought and sold shares of RRGB. BNP Paribas Financial Markets boosted its position in Red Robin Gourmet Burgers by 503.0% during the second quarter. BNP Paribas Financial Markets now owns 5,379 shares of the restaurant operator’s stock valued at $31,000 after purchasing an additional 4,487 shares in the last quarter. Jain Global LLC bought a new position in Red Robin Gourmet Burgers in the fourth quarter worth about $47,000. Osaic Holdings Inc. raised its holdings in Red Robin Gourmet Burgers by 152.6% in the second quarter. Osaic Holdings Inc. now owns 10,055 shares of the restaurant operator’s stock worth $58,000 after purchasing an additional 6,075 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Red Robin Gourmet Burgers during the first quarter valued at about $61,000. Finally, Panagora Asset Management Inc. bought a new stake in shares of Red Robin Gourmet Burgers in the 4th quarter valued at about $65,000. Institutional investors own 84.04% of the company’s stock.

Analyst Upgrades and Downgrades

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

About Red Robin Gourmet Burgers

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.