Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB)

Introduction

Red Robin Gourmet Burgers, Inc. is a casual-dining restaurant chain founded in September 1969 in Seattle, Washington. Operating under the trade name Red Robin Gourmet Burgers and Brews, the company trades on NASDAQ as RRGB. On May 30, 2025, RRGB closed at $4.4390, reflecting a 41.82% increase compared to the prior period, with a volume of 742,657 shares.

Corporate Structure

• Headquarters: Greenwood Village, Colorado
• Subsidiary: Red Robin International, Inc.
• Restaurants (as of December 29, 2024):
  • Total: 498
  • Company-owned: 407
  • Franchisee-operated: 91
• Geographic Footprint: 39 U.S. states and one Canadian province (operating under franchise agreements in 13 states and one province)
• Employees: 10,001+ (LinkedIn)
• Governance & Transfer Agent:
  • Ticker: RRGB (NASDAQ)
  • Transfer Agent: American Stock Transfer & Trust Co.

Recent Developments and News

• April 24, 2025
  • G.J. Hart announced his resignation as President & CEO.
  • David A. Pace, Board Chair since November 2019, has been appointed as the new President & CEO.
  • Anthony S. Ackil was appointed as Chairman of the Board.
• February 2025
  • The company announced the planned closure of approximately 70 underperforming restaurants over a five-year period, with 10–15 closures expected in 2025.
• May 2025
  • A Burger Pass promotion was launched, offering a daily burger and side for $20.
  • The promotion resulted in website outages due to high traffic, leading to some customer complaints.
• May 29, 2025
  • Filed Form 10-Q for the quarter ended April 20, 2025.
• May 23, 2025
  • Filed Form 8-K (item 5.07) – current report.
• EEOC Settlement
  • The company agreed to pay $150,000 to settle a religious discrimination lawsuit.

Financial and Strategic Analysis

Key Metrics (TTM, per Yahoo Finance as of May 29, 2025)

Metric	Value
Market Cap	$55.51 M
Total Revenue	$1.25 B
Net Income	–$77.54 M
Diluted EPS	–$4.93
Price/Sales	0.04
EV/Revenue	0.48
EV/EBITDA	112.23
Profit Margin	–6.21%
Return on Assets	–1.85%
Total Cash	$30.65 M
Levered Free Cash Flow	$6.38 M

Q1 2025 Outlook

• Comparable restaurant sales are expected to increase by approximately 3%.
• Adjusted EBITDA is anticipated to exceed the previously communicated range of $18–19 million.
• Full results are expected to be reported in late May 2025.

Strategic Initiatives

• Menu Innovation: Introduction of game-themed menu items, such as the Buzzer Beater Bacon Cheeseburger.
• Digital Enhancement: Improvements to online ordering, delivery, and catering services.
• Cost Management: Implementation of operational improvements and the closure of underperforming stores as part of the North Star plan.
• ESG & Values: Focus on animal welfare, environmental initiatives, and diversity and inclusion as part of the company's B.U.R.G.E.R. values.

Market Position and Industry Context

• Sector: Casual dining / full-service restaurants
• Competitors: Other casual dining and fast-casual chains
• Stock Volatility: Beta 2.12 (5-year monthly)
• 52-Week Range: $2.50–$9.20
• Analyst 1-Year Target: $9.50 (average)
• Industry Trends: Continued shift toward digital ordering, delivery services, and evolving consumer dining preferences.

tl;dr

• May 30, 2025: RRGB closed at $4.4390 (+41.82%).
• April 24, 2025: David A. Pace named President & CEO; Anthony S. Ackil named Chairman.
• February 2025: Plan to close approximately 70 underperforming restaurants over five years (10–15 expected in 2025).
• May 2025: $20 Burger Pass launched; website outages reported.
• Q1 2025: Comparable sales forecasted to increase by 3%; Adjusted EBITDA expected to exceed $18 million.
• Next earnings date: August 20–25, 2025; one-year target $9.50.