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Red Robin Gourmet Burgers Inc - RRGB STOCK NEWS

Welcome to our dedicated news page for Red Robin Gourmet Burgers (Ticker: RRGB), a resource for investors and traders seeking the latest updates and insights on Red Robin Gourmet Burgers.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Red Robin Gourmet Burgers's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Red Robin Gourmet Burgers's position in the market.

Rhea-AI Summary
Red Robin Gourmet Burgers, Inc. introduces innovative new flavors with the Lava Queso Burger, Chocolate Covered Pretzel Milkshake, and the return of the MadLove Burger. The company showcases a variety of creative flavor combinations and upgraded recipes, offering a -time $12 gourmet burger lineup. Red Robin aims to satisfy its guests' gourmet cravings with a focus on culinary creativity and quality ingredients.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.44%
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none
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Rhea-AI Summary
Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) completes a third Sale-Leaseback transaction with Essential Properties Realty Trust, Inc. (NYSE: EPRT), generating gross proceeds of approximately $24 million. The company expects to reduce debt by about $23 million, showcasing a strategic financial move to strengthen its financial position.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.49%
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none
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Rhea-AI Summary
Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) reports a 1.6% increase in fiscal 2023 comparable restaurant revenue, a $57.7 million improvement in net loss, and a 33% increase in Adjusted EBITDA. The company saw total revenues of $1.3 billion for fiscal 2023, with a 1.6% increase in comparable restaurant revenue. Red Robin completed two Sale-Leaseback transactions, repaid debt, and repurchased stock to strengthen its balance sheet.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-13.02%
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Rhea-AI Summary
Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) announced the release of its financial results for the fiscal fourth quarter and full year 2023 on February 28, 2024. The conference call to discuss these results will be held at 4:30 p.m. ET. Investors can access the call through various channels and a replay will be available until March 6, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.33%
Tags
-
Rhea-AI Summary
Red Robin Gourmet Burgers, Inc. (RRGB) has partnered with Juicy Couture to introduce The Juicier Collection, a limited-edition line celebrating the brand's new juicier, more flavorful burgers. The collection features a tomato red color and custom crystal diamanté 'Juicier' on the lower back and behind, and the Red Robin logo on the chest and hip. The collection is available in sizes small to 3X for $169, including tax, fees, and shipping. The collaboration captures the essence of both brands, offering consumers a fresh and exciting way to express themselves.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.73%
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none
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Rhea-AI Summary
Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) opens its 18th location in Ohio, operated by Ansara Restaurant Group. The grand opening in Rossford will feature a ribbon cutting ceremony, community leader remarks, and a $2,500 donation to the Rossford Fire Association. The restaurant offers a variety of gourmet burgers, shareable appetizers, salads, sandwiches, entrees, shakes, and a full bar. Guests can also enjoy happy hour specials on weekdays.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.14%
Tags
none
Rhea-AI Summary
Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) will participate in two investor conferences in January 2024, including the 26th Annual ICR Conference and the Jefferies 13th Annual Winter Consumer Summit. The company will engage in fireside chat discussions, webcast live and archived on its website, and host investor meetings during the conferences.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6%
Tags
conferences
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Rhea-AI Summary
Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) appoints Meghan Spuler as Chief People Officer, completing its best-in-class leadership team. Spuler brings two decades of experience in hospitality, consumer packaged goods, and aerospace brands. She will be responsible for overseeing the company’s market and managing partner compensation program, diversity, equity and inclusion initiatives, benefits, and staffing, supporting Red Robin’s 22,400 Field and Restaurant Support Center Team Members.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.9%
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none
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Rhea-AI Summary
Red Robin Gourmet Burgers, Inc. (RRGB) offers a limited-edition $100 gift card with free appetizers in 2024, benefiting Make-A-Wish. Purchase available online from Nov. 24-27 and in restaurants Dec. 1-31. Additionally, a digital gift card purchase from Nov. 28 to Dec. 3 donates 10% to Make-A-Wish. Bonus Buck Rewards are also available for holiday gift giving.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.5%
Tags
none
Rhea-AI Summary
Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) reported financial results for Q3 2023. Total revenues decreased by $9.2 million, comparable restaurant revenue decreased by 3.4%, and net loss decreased by $4.5 million compared to Q3 2022. However, adjusted EBITDA increased by $2.9 million. Year-to-date, total revenues increased by $18.1 million, comparable restaurant revenue increased by 2.9%, and net loss decreased by $26.7 million compared to the same period in 2022. Adjusted EBITDA increased by $14.5 million. The company repaid $8.4 million of debt and repurchased $5.0 million of stock. Red Robin also completed a Sale-Leaseback transaction for nine restaurants, generating net proceeds of approximately $30.4 million. The company's CEO expressed confidence in the brand's comeback.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.49%
Tags
Red Robin Gourmet Burgers Inc

Nasdaq:RRGB

RRGB Rankings

RRGB Stock Data

93.62M
11.95M
5.49%
82.21%
21.29%
Food Service Contractors
Accommodation and Food Services
Link
US
Greenwood Village

About RRGB

founded in 1969, red robin is a casual dining restaurant chain focused on serving an imaginative selection of high quality gourmet burgers in a family-friendly atmosphere. red robin culture is based on our b.u.r.g.e.r. values. these values are at the foundation of every decision we make from creating craveable gourmet burgers to choosing new restaurant locations. they also are the foundation for how we treat our team members, guests and the communities we serve. b-bottomless fun u-unwavering integrity r-relentless focus on improvement g-genuine spirit of service e-extraordinary people r-recognized burger authority red robin also has an unparalleled and extraordinary approach to guest service known as burger stories. each burger story, regardless of size, is a testament to our unique culture and the care we take for each and every team member and guest. red robin's values and atmosphere are at the heart of the company's energizing culture and its over 35,000 team members across north am