EU and US could reach trade deal this weekend - Reuters
Gerard Johan Hart, President and CEO of Red Robin Gourmet Burgers Inc. (NASDAQ:RRGB), recently sold shares in the company amounting to $79,227. The transactions occurred on March 21 and March 24, 2025, with sales prices ranging from $4.04 to $4.24 per share. The sales come as the company’s stock has declined 25% year-to-date, according to InvestingPro data.
On March 21, Hart sold 10,418 shares at an average price of $4.16. Subsequently, on March 24, an additional 8,627 shares were sold at the same average price. These transactions were conducted as automatic "sell-to-cover" actions to manage tax obligations and fees related to the vesting of restricted stock units. InvestingPro analysis shows the company faces significant financial challenges, with a WEAK overall financial health score and concerning liquidity metrics.
Following these sales, Hart’s direct ownership stands at 556,225 shares, including a significant portion of restricted stock units subject to vesting conditions. Additionally, Hart received a grant of 431,034 restricted stock units on March 24, which will vest over three years, increasing his total holdings to 987,259 shares. For deeper insights into Red Robin’s financial health and detailed analysis, including 11 additional ProTips, subscribers can access the comprehensive Pro Research Report on InvestingPro.
In other recent news, Red Robin Gourmet Burgers Inc. announced its fourth-quarter 2024 financial results, revealing a substantial shortfall in earnings per share (EPS), which came in at -0.94, compared to the anticipated -0.29. The company’s revenue for the quarter was reported at $258.2 million, falling short of the projected $285.62 million. Despite these misses, Red Robin experienced a notable 3.4% increase in comparable restaurant revenue, indicating some operational resilience. The company also plans to close 10-15 underperforming restaurants in 2025 as part of its strategic initiatives. Red Robin’s adjusted EBITDA improved to $12.7 million, up $2 million from the previous year, suggesting better cost management. The company has provided guidance for 2025, expecting revenue between $1.225 billion and $1.250 billion, with a restaurant-level operating profit of 12-13% and an adjusted EBITDA of $60-$65 million. Additionally, Red Robin introduced new menu items and operational updates aimed at future growth. Looking forward, the company anticipates modestly positive same-store sales growth and has set capital expenditures between $25-$30 million for 2025.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.