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Red Robin Gourmet Burgers Inc. (NASDAQ:RRGB) recently reported that its Chief Financial Officer, Wilson Joshua Todd, executed sales of company stock totaling $15,521. The transactions took place on March 14 and March 17, 2025, as per the SEC filing. The sales come at a challenging time for the restaurant chain, which according to InvestingPro data, has seen its stock decline over 32% in the past year, with the company currently valued at approximately $74 million.
On March 14, Todd sold 1,793 shares at a weighted average price of $4.46 per share. The shares were sold in multiple transactions within a range of $4.41 to $4.51. Following this transaction, Todd retained ownership of 110,985 shares.
A subsequent transaction occurred on March 17, where Todd sold an additional 1,714 shares at a weighted average price of $4.39 per share. These shares were sold within a price range of $4.35 to $4.52. After this sale, Todd’s total holdings amounted to 109,271 shares.
The sales were conducted as part of automatic "sell-to-cover" transactions to address tax withholding obligations and fees related to the vesting of restricted stock units. These transactions were executed under the company’s 2017 Performance Incentive Plan and do not represent discretionary trades by Todd. According to InvestingPro’s comprehensive analysis, which includes over 30 key financial metrics and exclusive ProTips, the company currently faces challenges with cash burn and profitability, reporting a net loss of approximately $78 million in the last twelve months.
In other recent news, Red Robin Gourmet Burgers Inc. reported its fourth-quarter 2024 earnings, revealing a notable miss in both earnings per share (EPS) and revenue compared to analyst forecasts. The company posted an EPS of -0.94, falling short of the expected -0.29, and revenue came in at $258.2 million, below the anticipated $285.62 million. Despite these results, Red Robin experienced a 3.4% increase in comparable restaurant revenue, suggesting some resilience in its core operations. The company also announced 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, indicating better cost management. Looking forward, the company has set a revenue guidance for 2025 between $1.225 billion and $1.250 billion and anticipates a restaurant-level operating profit of 12-13%. Additionally, Red Robin plans to introduce new menu items and operational updates aimed at future growth. Despite the earnings miss, investors showed optimism as Red Robin’s stock rose in aftermarket trading.
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