Tearsheet

Red Robin Gourmet Burgers (RRGB)


Market Price (5/8/2026): $3.69 | Market Cap: $66.3 Mil
Sector: Consumer Discretionary | Industry: Restaurants

Red Robin Gourmet Burgers (RRGB)


Market Price (5/8/2026): $3.69
Market Cap: $66.3 Mil
Sector: Consumer Discretionary
Industry: Restaurants

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -46%

Attractive yield
FCF Yield is 9.4%

Megatrend and thematic drivers
Megatrends include Experience Economy & Premiumization, and E-commerce & Digital Retail. Themes include Experiential Retail, and Direct-to-Consumer Brands.

Weak multi-year price returns
2Y Excs Rtn is -96%, 3Y Excs Rtn is -150%

Meaningful short interest
Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 10.71, Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 12%

Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 751%

Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -3.1%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.4%, Rev Chg QQuarterly Revenue Change % is -5.7%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -39%

Key risks
RRGB key risks include [1] declining guest traffic and same-store sales and [2] high debt levels resulting in negative shareholder equity.

0 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -46%
1 Attractive yield
FCF Yield is 9.4%
2 Megatrend and thematic drivers
Megatrends include Experience Economy & Premiumization, and E-commerce & Digital Retail. Themes include Experiential Retail, and Direct-to-Consumer Brands.
3 Weak multi-year price returns
2Y Excs Rtn is -96%, 3Y Excs Rtn is -150%
4 Meaningful short interest
Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 10.71, Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 12%
5 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 751%
6 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -3.1%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.4%, Rev Chg QQuarterly Revenue Change % is -5.7%
7 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -39%
8 Key risks
RRGB key risks include [1] declining guest traffic and same-store sales and [2] high debt levels resulting in negative shareholder equity.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Red Robin Gourmet Burgers (RRGB) stock has remained largely at the same level since 1/31/2026 because of the following key factors:

1. Mixed Fourth Quarter 2025 Financial Results: Red Robin reported its Q4 2025 earnings on February 25, 2026, which presented a mixed financial picture. The company missed analyst consensus estimates for earnings per share (EPS), posting a loss of $0.41 per share against an estimated loss of $0.28. However, it surpassed revenue expectations, reporting $269.04 million compared to estimates of $264.26 million. Additionally, Red Robin achieved a 53% growth in full-year adjusted EBITDA, reaching $69.7 million, and improved its restaurant-level operating profit margin by 190 basis points for the year. This combination of an EPS miss with revenue beat and operational improvements likely contributed to investor indecision, preventing a strong directional move in the stock.

2. Strategic Restructuring with Ongoing Restaurant Closures: The company's strategy includes continued efforts to rationalize its restaurant footprint, with plans to close 20 additional underperforming locations in 2026, building on approximately 50 closures over the past three years. While aimed at improving profitability, these closures can signal underlying operational challenges and potentially dampen investor enthusiasm. This strategic restructuring, which involves both cost-cutting through closures and efforts to drive efficiency, created a cautious outlook for investors.

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Stock Movement Drivers

Fundamental Drivers

The -1.6% change in RRGB stock from 1/31/2026 to 5/7/2026 was primarily driven by a -1.3% change in the company's Total Revenues ($ Mil).
(LTM values as of)13120265072026Change
Stock Price ($)3.733.67-1.6%
Change Contribution By: 
Total Revenues ($ Mil)1,2261,210-1.3%
P/S Multiple0.10.10.0%
Shares Outstanding (Mil)1818-0.3%
Cumulative Contribution-1.6%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2026 to 5/7/2026
ReturnCorrelation
RRGB-1.6% 
Market (SPY)3.6%39.8%
Sector (XLY)-0.9%45.1%

Fundamental Drivers

The -27.5% change in RRGB stock from 10/31/2025 to 5/7/2026 was primarily driven by a -25.3% change in the company's P/S Multiple.
(LTM values as of)103120255072026Change
Stock Price ($)5.063.67-27.5%
Change Contribution By: 
Total Revenues ($ Mil)1,2361,210-2.1%
P/S Multiple0.10.1-25.3%
Shares Outstanding (Mil)1818-0.9%
Cumulative Contribution-27.5%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 5/7/2026
ReturnCorrelation
RRGB-27.5% 
Market (SPY)5.5%36.1%
Sector (XLY)0.3%38.9%

Fundamental Drivers

The 25.7% change in RRGB stock from 4/30/2025 to 5/7/2026 was primarily driven by a 45.7% change in the company's P/S Multiple.
(LTM values as of)43020255072026Change
Stock Price ($)2.923.6725.7%
Change Contribution By: 
Total Revenues ($ Mil)1,2491,210-3.1%
P/S Multiple0.00.145.7%
Shares Outstanding (Mil)1618-11.0%
Cumulative Contribution25.7%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2025 to 5/7/2026
ReturnCorrelation
RRGB25.7% 
Market (SPY)30.4%27.3%
Sector (XLY)22.5%26.2%

Fundamental Drivers

The -71.9% change in RRGB stock from 4/30/2023 to 5/7/2026 was primarily driven by a -66.8% change in the company's P/S Multiple.
(LTM values as of)43020235072026Change
Stock Price ($)13.073.67-71.9%
Change Contribution By: 
Total Revenues ($ Mil)1,2661,210-4.4%
P/S Multiple0.20.1-66.8%
Shares Outstanding (Mil)1618-11.4%
Cumulative Contribution-71.9%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2023 to 5/7/2026
ReturnCorrelation
RRGB-71.9% 
Market (SPY)78.7%19.2%
Sector (XLY)66.2%23.2%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
RRGB Return-14%-66%123%-56%-26%-9%-81%
Peers Return1%-12%21%51%7%1%77%
S&P 500 Return27%-19%24%23%16%8%96%

Monthly Win Rates [3]
RRGB Win Rate33%33%58%42%50%60% 
Peers Win Rate50%38%53%60%45%48% 
S&P 500 Win Rate75%42%67%75%67%60% 

Max Drawdowns [4]
RRGB Max Drawdown-21%-67%0%-76%-53%-36% 
Peers Max Drawdown-15%-30%-13%-18%-20%-10% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-7% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: EAT, DIN, BJRI, CAKE, TXRH.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/7/2026 (YTD)

How Low Can It Go

EventRRGBS&P 500
2025 US Tariff Shock
  % Loss-46.4%-18.8%
  % Gain to Breakeven86.7%23.1%
  Time to Breakeven36 days79 days
2024 Yen Carry Trade Unwind
  % Loss-20.5%-7.8%
  % Gain to Breakeven25.7%8.5%
  Time to Breakeven64 days18 days
2023 SVB Regional Banking Crisis
  % Loss-14.4%-6.7%
  % Gain to Breakeven16.9%7.1%
  Time to Breakeven2 days31 days
2020 COVID-19 Crash
  % Loss-85.8%-33.7%
  % Gain to Breakeven602.5%50.9%
  Time to Breakeven355 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-32.6%-19.2%
  % Gain to Breakeven48.4%23.7%
  Time to Breakeven812 days105 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-40.4%-17.9%
  % Gain to Breakeven67.6%21.8%
  Time to Breakeven164 days123 days

Compare to EAT, DIN, BJRI, CAKE, TXRH

In The Past

Red Robin Gourmet Burgers's stock fell -46.4% during the 2025 US Tariff Shock. Such a loss loss requires a 86.7% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventRRGBS&P 500
2025 US Tariff Shock
  % Loss-46.4%-18.8%
  % Gain to Breakeven86.7%23.1%
  Time to Breakeven36 days79 days
2024 Yen Carry Trade Unwind
  % Loss-20.5%-7.8%
  % Gain to Breakeven25.7%8.5%
  Time to Breakeven64 days18 days
2020 COVID-19 Crash
  % Loss-85.8%-33.7%
  % Gain to Breakeven602.5%50.9%
  Time to Breakeven355 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-32.6%-19.2%
  % Gain to Breakeven48.4%23.7%
  Time to Breakeven812 days105 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-40.4%-17.9%
  % Gain to Breakeven67.6%21.8%
  Time to Breakeven164 days123 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
  % Loss-36.3%-15.4%
  % Gain to Breakeven56.9%18.2%
  Time to Breakeven275 days125 days
2008-2009 Global Financial Crisis
  % Loss-73.2%-53.4%
  % Gain to Breakeven272.8%114.4%
  Time to Breakeven910 days1085 days

Compare to EAT, DIN, BJRI, CAKE, TXRH

In The Past

Red Robin Gourmet Burgers's stock fell -46.4% during the 2025 US Tariff Shock. Such a loss loss requires a 86.7% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Red Robin Gourmet Burgers (RRGB)

Red Robin Gourmet Burgers, Inc., together with its subsidiaries, develops, operates, and franchises full-service and casual-dining restaurants. The company's restaurants primarily offer burgers and shareable pizzas; various appetizers, salads, soups, sandwiches, seafood, and other entrees; and desserts, wings, milkshakes, alcoholic and non-alcoholic specialty drinks, cocktails, wine, and beers. As of December 26, 2021, it operated approximately 531 Red Robin restaurants, including 430 were company-owned and 101 were operated by franchisees in the United States and one Canadian province. Red Robin Gourmet Burgers, Inc. was founded in 1969 and is based in Greenwood Village, Colorado.

AI Analysis | Feedback

Like a Chili's or Applebee's, but specializing in gourmet burgers.

Think of it as a full-service, sit-down version of a premium burger chain like Shake Shack or Five Guys.

AI Analysis | Feedback

  • Restaurant Services: Operating full-service and casual-dining restaurants across the United States and Canada.
  • Gourmet Burgers: Specializing in a variety of gourmet burgers, which are a primary menu offering.
  • Shareable Pizzas: Providing shareable pizzas as a distinct menu option.
  • Entrees and Appetizers: Offering a diverse selection of appetizers, salads, soups, sandwiches, seafood, and other main course entrees.
  • Desserts: Serving various desserts to complement meals.
  • Beverages: A wide range of drinks including milkshakes, alcoholic, and non-alcoholic specialty beverages.

AI Analysis | Feedback

Red Robin Gourmet Burgers, Inc. (RRGB) sells primarily to individual consumers rather than other businesses. The company operates full-service, casual-dining restaurants that directly serve food and beverages to its patrons. Here are up to three categories of customers that Red Robin serves:

  • Families: Red Robin's casual atmosphere, diverse menu that includes kid-friendly options, and focus on comfort food like burgers and milkshakes make it a popular destination for family meals and outings.

  • Young Adults and Friends Groups: The restaurant appeals to younger demographics and groups of friends looking for a relaxed setting to enjoy burgers, appetizers, specialty drinks, and alcoholic beverages.

  • General Casual Diners: This broad category includes individuals and couples seeking a comfortable, familiar, and satisfying meal experience for lunch or dinner, often looking for American classic dishes in a sit-down environment.

AI Analysis | Feedback

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AI Analysis | Feedback

Dave Pace, President and Chief Executive Officer

Dave Pace has served as President and Chief Executive Officer of Red Robin since April 2025, and as a member of the Board of Directors since August 2019. Prior to his current role, he was the Chair of the Board of Directors. Pace brings 35 years of leadership experience in the food, beverage, and retail industries. From 2020 to 2023, he was Co-Chief Executive Officer and director of Tastemaker Acquisition Corporation, a special purpose acquisition company. From 2016 to 2018, he served as Chief Executive Officer of Jamba Juice, where he successfully repositioned the brand and led its strategic sale. He was also President of Carrabba's Italian Grill from 2014 to 2016, and Executive Vice President and Chief Resource Officer at Bloomin' Brands from 2010 to 2014. Earlier in his career, Pace held leadership positions at Starbucks, PepsiCo, and Yum! Brands. He currently serves as the independent Chair of the board of directors of Farmer Bros. Co. and as a director of Authentic Restaurant Brands, a restaurant portfolio company of Garnett Station Partners.

Chris Meyer, Interim Chief Financial Officer

Chris Meyer was named Interim Chief Financial Officer in December 2025. In this role, he is responsible for all Red Robin's financial disciplines, including accounting, financial planning & analysis, tax, treasury, and investor relations.

Jesse Griffith, Chief Operations Officer

Jesse Griffith has served as Chief Operations Officer since November 2025. He joined Red Robin as Senior Vice President, Operations in March 2023. Before joining Red Robin, Griffith was Vice President of Operations at Torchy's Tacos, where he contributed to the company's doubling of restaurant unit growth.

Humera Kassem, Chief People Officer

Humera Kassem has served as Chief People Officer since September 2025. As CPO, she oversees Red Robin's organizational strategy and vision, focusing on strengthening the company's culture and advancing its First Choice Plan. Kassem has over 30 years of experience in cultivating organizational culture and talent development across various industries, most recently serving as Chief People Officer at Dave & Buster's.

Sarah Mussetter, Chief Legal Officer and Secretary

Sarah Mussetter serves as Chief Legal Officer and Secretary. She rejoined Red Robin in December 2022, having previously spent 10 years with the company.

AI Analysis | Feedback

The key risks to Red Robin Gourmet Burgers (RRGB) include declining guest traffic and intense competition, high debt levels and financial health concerns, and rising labor and ingredient costs.

1. Declining Guest Traffic and Intense Competition

Red Robin Gourmet Burgers faces a significant challenge with declining guest traffic and comparable restaurant sales, operating in a highly competitive restaurant industry. The company anticipated a comparable restaurant sales decline of 3% to 4% for the remainder of fiscal 2025, following a 0.3% decrease in comparable restaurant revenue and a 3.8% drop in guest traffic in fiscal year 2025. Red Robin struggles to attract and retain customers due to intense competition from various segments, including fast-food chains like McDonald's and Burger King, higher-end fast-casual chains such as Shake Shack and Five Guys, and direct casual dining rivals like Chili's and Applebee's. This positioning, described as "stuck in the middle"—neither fast enough nor high-end enough—has led to a "discount spiral" and an "identity crisis," contributing to flat same-store sales and weak demand.

2. High Debt Levels and Financial Health Concerns

Red Robin's financial health is a significant risk, characterized by high debt levels and challenges in achieving profitability. As of December 2025, the company had $526.6 million in debt, substantially exceeding its $30.87 million in cash, and its 9x net-debt-to-EBITDA ratio indicates it is "overleveraged". The company faces considerable refinancing and execution risk, with approximately $170.2 million in total borrowings as of December 28, 2025, and credit facility maturities extended only six months to September 3, 2027. Refinancing difficulties or breaches of loan covenants could materially affect Red Robin's liquidity and operations. Furthermore, the company's Altman Z-Score of 1.42 places it in a "distress zone," suggesting a possibility of bankruptcy within the next two years. Red Robin's profitability is also a concern, with an operating margin of 1.1% and a negative net margin of -4.31%, and its earnings per share (EPS) declined by 19% annually over the last six years, outstripping revenue decline. In 2020, the company raised "substantial doubt" about its ability to continue as a going concern due to difficulties in meeting equity requirements for a revised credit facility.

3. Rising Costs (Labor and Ingredients)

Red Robin is significantly impacted by increasing operational costs, particularly labor and ingredients, which put a squeeze on margins. The company continues to experience "labor shortages and higher labor costs," adversely affecting its financial and operational performance. Inflation remains a primary headwind, with the cost of goods sold (COGS) being a persistent pressure point. Beef, a critical ingredient representing about 15% of total COGS in fiscal 2024, saw costs increase approximately 25% year-over-year in Q3 2025, a trend expected to continue. This has led to an increase in the cost of sales as a percentage of overall sales. Additionally, continuous, costly compliance efforts are required to adhere to thousands of local health, safety, and operational regulations.

AI Analysis | Feedback

The emergence and rapid growth of "ghost kitchens" and virtual restaurant brands pose a clear threat. These delivery-only operations leverage existing or shared kitchen spaces to prepare food for various brands, often focusing on popular categories like burgers and pizzas, without the overhead of a traditional brick-and-mortar dining room. This business model allows them to offer competitive pricing, greater flexibility in menu adaptation, and optimized operations for takeout and delivery, directly challenging Red Robin's significant off-premise sales segment and potentially eroding market share among consumers prioritizing convenience and value for delivered food.

AI Analysis | Feedback

The addressable markets for Red Robin Gourmet Burgers (RRGB) main products and services are primarily within the full-service and casual dining restaurant segments, with a strong focus on burgers, across the United States and Canada.

Market Sizes:

  • Burger Restaurants (U.S.): The market size for burger restaurants in the U.S. was estimated at $173.6 billion in 2025 and is projected to reach $177.7 billion in 2026.
  • Full-Service Restaurants (U.S.): The U.S. full-service restaurant market is estimated at approximately US$422.1 billion in 2024. It was valued at USD 362.15 billion in 2025 and is estimated to grow to USD 405.28 billion in 2026.
  • Full-Service Restaurants (North America): The North America Full Service Restaurants Market is projected to grow at a Compound Annual Growth Rate (CAGR) of 2.5% between 2025 and 2032. The full-service restaurant segment in the United States and Canada has experienced substantial growth in recent years.
  • Casual Dining Restaurants (Global/Implied North America): Casual dining restaurants constitute a significant portion of the full-service restaurant market, holding a 72% market share. Globally, the casual dining restaurant segment is expected to reach US$1.1 trillion by the end of the analysis period (2024-2030), growing at a CAGR of 3.0%.

AI Analysis | Feedback

Red Robin Gourmet Burgers, Inc. (RRGB) anticipates several key drivers to fuel its revenue growth over the next two to three years:

  1. Enhanced Guest Experience and Food Quality: The company's "First Choice" and "North Star" strategic plans prioritize significant investments in service and food quality. Initiatives such as improved operational execution, better hospitality, and specific enhancements like flat-top grills for juicier burgers, are aimed at elevating the overall guest experience, which is expected to drive increased customer traffic and average check.
  2. Relaunched Loyalty Program Engagement: The successful relaunch of the Loyalty 2.0 program is a major focus for Red Robin. This program is designed to foster greater customer engagement, increase visit frequency, and encourage higher spending among its growing member base, thereby contributing to sustained revenue growth.
  3. Targeted Marketing and Value Offerings: Red Robin is implementing a data-driven, micro-targeted marketing strategy to attract both new and lapsed customers. This includes strategic promotional offers and the "Big Yummm" value platform, which aims to drive trial and growth in average check, ultimately boosting guest traffic.
  4. Strategic Menu Price Adjustments: While emphasizing value, Red Robin plans to utilize menu price increases as a direct lever for revenue growth. For instance, a 3.2% price increase was implemented with a new menu launch in January 2026, which is expected to be a primary pricing driver for fiscal year 2026.

AI Analysis | Feedback

Share Repurchases

  • Red Robin's Board of Directors authorized an additional $635.0 million for share repurchases on September 17, 2025, supplementing a previous $500.0 million authorization from March 17, 2020, with neither having an expiration date.
  • In 2025, the company repurchased 1.4 million shares at a cost of $252.4 million.
  • As of December 31, 2025, the remaining share repurchase authorization stood at $924.7 million.

Share Issuance

  • In November 2025, Red Robin announced an "at-the-market equity offering" program, allowing for the potential sale of up to $40 million in common stock for purposes such as working capital and debt repayment.
  • This at-the-market program was subsequently terminated, and no shares were issued under it.

Capital Expenditures

  • For fiscal year 2026, Red Robin anticipates capital expenditures to be between $25 million and $30 million. These expenditures are primarily allocated towards restaurant refreshes, including "light-touch" updates, new server handheld technology, and upgraded Ziosk tabletop devices to improve efficiency and service.
  • In fiscal year 2025, capital expenditures were approximately $30 million, primarily supporting restaurant refreshes and addressing deferred maintenance in about 20 pilot restaurants.
  • Fiscal year 2024 investments focused on maintaining existing restaurants and technology infrastructure.

Better Bets vs. Red Robin Gourmet Burgers (RRGB)

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Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

RRGBEATDINBJRICAKETXRHMedian
NameRed Robi.Brinker .Dine Bra.BJ's Res.Cheeseca.Texas Ro. 
Mkt Price3.67146.3028.2940.8860.80157.9350.84
Mkt Cap0.16.30.30.92.810.51.8
Rev LTM1,2105,7348901,4093,8035,8782,606
Op Inc LTM1361113845259481198
FCF LTM65043680171336126
FCF 3Y Avg-21347793211731898
CFO LTM3775880149319730234
CFO 3Y Avg14576107110273683191

Growth & Margins

RRGBEATDINBJRICAKETXRHMedian
NameRed Robi.Brinker .Dine Bra.BJ's Res.Cheeseca.Texas Ro. 
Rev Chg LTM-3.1%11.8%8.4%3.0%5.1%9.4%6.8%
Rev Chg 3Y Avg-1.4%12.2%0.1%2.0%4.1%13.6%3.1%
Rev Chg Q-5.7%3.2%4.8%2.9%5.6%3.1%3.1%
QoQ Delta Rev Chg LTM-1.3%0.8%1.2%0.7%1.4%0.8%0.8%
Op Inc Chg LTM168.9%23.1%-14.8%17.3%10.2%-8.3%13.7%
Op Inc Chg 3Y Avg-198.7%58.2%-7.8%55.2%35.1%15.8%25.4%
Op Mgn LTM1.1%10.7%15.5%3.2%6.8%8.2%7.5%
Op Mgn 3Y Avg-0.1%8.7%19.0%2.7%6.2%8.6%7.4%
QoQ Delta Op Mgn LTM-0.0%-0.0%-0.9%-0.2%-0.1%-0.8%-0.1%
CFO/Rev LTM3.1%13.2%9.0%10.6%8.4%12.4%9.8%
CFO/Rev 3Y Avg1.2%11.1%12.7%8.0%7.5%12.9%9.6%
FCF/Rev LTM0.5%8.8%4.0%5.7%4.5%5.7%5.1%
FCF/Rev 3Y Avg-1.6%6.6%9.5%2.3%3.2%6.0%4.6%

Valuation

RRGBEATDINBJRICAKETXRHMedian
NameRed Robi.Brinker .Dine Bra.BJ's Res.Cheeseca.Texas Ro. 
Mkt Cap0.16.30.30.92.810.51.8
P/S0.11.10.40.60.71.80.7
P/Op Inc5.010.32.519.110.921.710.6
P/EBIT21.610.63.318.314.821.716.5
P/E-2.813.721.319.517.225.818.3
P/CFO1.88.34.35.88.914.37.1
Total Yield-35.3%7.3%12.1%5.1%7.7%4.7%6.2%
Dividend Yield0.0%0.0%7.4%0.0%1.9%0.9%0.4%
FCF Yield 3Y Avg-13.1%6.9%17.1%4.2%5.2%3.0%4.7%
D/E7.80.34.60.50.80.10.6
Net D/E7.50.34.30.50.70.10.6

Returns

RRGBEATDINBJRICAKETXRHMedian
NameRed Robi.Brinker .Dine Bra.BJ's Res.Cheeseca.Texas Ro. 
1M Rtn14.0%-1.4%5.4%10.6%9.0%-1.3%7.2%
3M Rtn4.0%-8.9%-19.2%-6.7%-2.8%-14.7%-7.8%
6M Rtn-23.7%43.0%17.5%17.8%30.9%-0.9%17.7%
12M Rtn34.9%5.3%46.3%9.0%23.8%-6.3%16.4%
3Y Rtn-70.5%295.8%-47.4%36.4%97.0%54.1%45.2%
1M Excs Rtn0.7%-13.0%-2.5%-1.3%-2.5%-13.5%-2.5%
3M Excs Rtn-4.0%-16.9%-27.1%-14.6%-10.7%-22.6%-15.7%
6M Excs Rtn-30.4%31.6%8.1%10.0%20.3%-10.2%9.0%
12M Excs Rtn8.7%-21.7%18.5%-21.1%-5.6%-37.2%-13.4%
3Y Excs Rtn-149.7%185.2%-125.7%-50.8%19.5%-31.7%-41.2%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Restaurant revenue1,2241,2741,2301,138854
Franchise revenue151619179
Gift card breakage8101455
Other revenue13221
Total1,2491,3031,2661,162869


Price Behavior

Price Behavior
Market Price$3.67 
Market Cap ($ Bil)0.1 
First Trading Date07/19/2002 
Distance from 52W High-50.7% 
   50 Days200 Days
DMA Price$3.63$4.79
DMA Trenddowndown
Distance from DMA1.2%-23.4%
 3M1YR
Volatility95.4%97.2%
Downside Capture1.140.52
Upside Capture177.45106.32
Correlation (SPY)38.8%27.0%
RRGB Betas & Captures as of 4/30/2026

 1M2M3M6M1Y3Y
Beta3.302.922.502.022.120.99
Up Beta3.263.673.253.223.050.72
Down Beta1.672.954.182.553.791.30
Up Capture341%146%195%89%133%37%
Bmk +ve Days15223166141428
Stock +ve Days12152751107331
Down Capture46%316%176%164%113%108%
Bmk -ve Days4183056108321
Stock -ve Days8263572135404

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with RRGB
RRGB51.2%97.0%0.80-
Sector ETF (XLY)22.4%18.7%0.9525.4%
Equity (SPY)29.6%12.5%1.8626.6%
Gold (GLD)37.0%27.1%1.144.7%
Commodities (DBC)48.7%18.0%2.12-9.4%
Real Estate (VNQ)12.9%13.5%0.6521.5%
Bitcoin (BTCUSD)-16.3%42.1%-0.318.8%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with RRGB
RRGB-35.8%75.0%-0.29-
Sector ETF (XLY)6.9%23.8%0.2533.8%
Equity (SPY)12.8%17.1%0.5930.1%
Gold (GLD)21.1%17.9%0.962.7%
Commodities (DBC)14.1%19.1%0.602.1%
Real Estate (VNQ)3.3%18.8%0.0829.1%
Bitcoin (BTCUSD)7.0%56.0%0.3413.7%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with RRGB
RRGB-24.3%73.4%-0.06-
Sector ETF (XLY)13.0%22.0%0.5438.6%
Equity (SPY)15.0%17.9%0.7235.2%
Gold (GLD)13.5%16.0%0.701.3%
Commodities (DBC)9.4%17.8%0.4413.1%
Real Estate (VNQ)5.7%20.7%0.2435.2%
Bitcoin (BTCUSD)68.2%66.9%1.0711.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date4152026
Short Interest: Shares Quantity2.2 Mil
Short Interest: % Change Since 3312026-7.5%
Average Daily Volume0.2 Mil
Days-to-Cover Short Interest10.7 days
Basic Shares Quantity18.0 Mil
Short % of Basic Shares12.0%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
2/25/202633.1%25.6%-21.2%
11/5/20253.2%-6.0%-16.1%
8/13/20251.3%7.5%12.3%
5/29/202562.9%93.9%85.0%
2/26/202534.5%6.9%-14.2%
11/6/2024-15.0%-15.8%-8.7%
8/22/2024-8.2%-23.9%-7.4%
5/29/202414.9%30.0%12.5%
...
SUMMARY STATS   
# Positive151210
# Negative91214
Median Positive14.1%24.3%14.6%
Median Negative-13.0%-11.9%-12.5%
Max Positive62.9%93.9%85.0%
Max Negative-18.1%-23.9%-25.1%

SEC Filings

Expand for More
Report DateFiling DateFiling
12/31/202502/25/202610-K
09/30/202511/10/202510-Q
06/30/202508/14/202510-Q
03/31/202505/29/202510-Q
12/31/202402/26/202510-K
09/30/202411/06/202410-Q
06/30/202408/22/202410-Q
03/31/202405/29/202410-Q
12/31/202302/28/202410-K
09/30/202311/03/202310-Q
06/30/202308/17/202310-Q
04/30/202305/24/202310-Q
12/31/202202/28/202310-K
09/30/202211/02/202210-Q
06/30/202208/10/202210-Q
04/30/202205/26/202210-Q

Recent Forward Guidance [BETA]

Latest: Q4 2025 Earnings Reported 2/25/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Comparable Restaurant Revenue growth0.5%1.0%1.5%   
2026 Restaurant level operating profit 0.13 4.0%0.5%RaisedGuidance: 0.12 for 2025
2026 Adjusted EBITDA70.00 Mil71.50 Mil73.00 Mil10.0% RaisedGuidance: 65.00 Mil for 2025
2026 Capital expenditures25.00 Mil27.50 Mil30.00 Mil-16.7% LoweredGuidance: 33.00 Mil for 2025

Prior: Q3 2025 Earnings Reported 11/10/2025

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q4 2025 Comparable restaurant sales -0.03 -25.0%1.0%RaisedGuidance: -0.04 for Q2 2025
2025 Total revenue 1.20 Bil    
2025 Restaurant level operating profit 0.12    
2025 Adjusted EBITDA 65.00 Mil    
2025 Capital expenditures 33.00 Mil    

Insider Activity

Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Griffith, JesseChief Operations OfficerDirectSell40820263.031,0083,053114,551Form
2Griffith, JesseChief Operations OfficerDirectSell32420263.128392,618131,383Form
3Mussetter, Sarah ACHIEF LEGAL OFFICERDirectSell32420263.122,9139,089333,491Form
4Mussetter, Sarah ACHIEF LEGAL OFFICERDirectSell31720263.214,03712,962352,549Form
5Griffith, JesseChief Operations OfficerDirectSell31720263.211,4024,502137,901Form