Red Robin reported second quarter 2026 results with comparable restaurant revenue growing 1.3% and traffic down just 20 basis points, effectively flat. The burger chain announced three refranchising agreements expected to generate approximately $96 million in gross proceeds upon closing in the third quarter. Chief executive David Pace said the company has made significant progress executing its First Choice plan, strengthening guest experience and improving restaurant profitability. The refranchising proceeds will provide financial flexibility to refinance existing debt and support long-term strategic priorities. Red Robin's partners in the transactions are experienced multi-concept operators who share the company's hospitality-focused approach. Pace said increased guest engagement and elevated satisfaction scores demonstrate the company's initiatives are delivering results.

Red Robin Gourmet Burgers (NASDAQ:RRGB) issues earnings results. August 12, 2026 Key points. * Red Robin exceeded quarterly expectations, reporting adjusted EPS of $0.12 and revenue of $277.64 million versus the $268.56 million consensus estimate. * Operational performance improved, with same-store sales up 1.3% and restaurant-level margin rising to 14.7%. However, adjusted EBITDA fell $3.5 million year over year to $18.9 million due largely to higher marketing spending. * The company expects approximately $96 million from three refranchising agreements, primarily for debt reduction, while maintaining its 2026 guidance; shares rose 4.2% to $8.16 after the results. * Interested in Red Robin Gourmet Burgers? Here are five stocks we like better. Red Robin Gourmet Burgers (NASDAQ:RRGB - Get Free Report) released its quarterly earnings data on Wednesday. The restaurant operator reported $0.12 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $277.64 million during 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 stock up 4.2%. Red Robin Gourmet Burgers stock traded up $0.33 during midday trading on Wednesday, reaching $8.16. The stock had a trading volume of 444,826 shares, compared to its average volume of 340,687. Red Robin Gourmet Burgers has a 52-week low of $2.45 and a 52-week high of $8.49. 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 has a fifty day moving average of $6.72 and a 200 day moving average of $4.81. Wall Street analysts forecast growth. Several brokerages recently weighed in on RRGB. Benchmark restated a "buy" rating on shares of Red Robin Gourmet Burgers in a research report on Wednesday, June 3rd. Wall Street Zen raised shares of Red Robin Gourmet Burgers from a "sell" rating to a "hold" rating in a research note on Saturday, August 1st. Weiss Ratings restated a "sell (d-)" rating on shares of Red Robin Gourmet Burgers in a research report on Friday, July 17th. Finally, UBS Group set a $8.00 price objective on Red Robin Gourmet Burgers in a research note on Wednesday, June 3rd. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Red Robin Gourmet Burgers presently has an average rating of "Hold" and an average price target of $7.67. Discover more Space stocks report Insider trades screener Stock market holidays Institutional inflows and outflows. A number of hedge funds have recently modified their holdings of the business. JCP Investment Management LLC raised its holdings in shares of Red Robin Gourmet Burgers by 0.6% in the fourth quarter. JCP Investment Management LLC now owns 1,871,235 shares of the restaurant operator's stock worth $7,579,000 after buying an additional 10,567 shares during the period. Jain Global LLC purchased a new position in Red Robin Gourmet Burgers during the 4th quarter valued at $47,000. Squarepoint Ops LLC bought a new position in Red Robin Gourmet Burgers in the 4th quarter valued at $71,000. Panagora Asset Management Inc. bought a new position in Red Robin Gourmet Burgers in the 4th quarter valued at $65,000. Finally, Barclays PLC increased its stake in Red Robin Gourmet Burgers by 469.5% in the fourth quarter. Barclays PLC now owns 17,159 shares of the restaurant operator's stock worth $69,000 after purchasing an additional 14,146 shares during the period. Institutional investors own 84.04% of the company's stock. 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(R) 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. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Continue following MarketBeat Before you consider Red Robin Gourmet Burgers, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. 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