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Director Anthony S Ackil of Red Robin Gourmet Burgers Inc (NASDAQ:RRGB) recently purchased 14,910 shares of common stock at $5.03, according to a Form 4 filing with the Securities and Exchange Commission. The transaction, which occurred on June 20, 2025, amounted to a total investment of $74,997. The purchase comes as the restaurant chain, currently valued at approximately $89 million, faces significant challenges with cash burn and debt management, according to InvestingPro analysis.
Following the transaction, Ackil directly owns 103,802 shares of Red Robin, which includes 41,379 time-based restricted stock units subject to vesting and forfeiture restrictions. While the stock has shown strong returns over the past three months, InvestingPro data reveals the company trades near its Fair Value, with analyst price targets ranging from $3.50 to $13.00 per share. InvestingPro subscribers have access to 13 additional key insights about RRGB’s financial health and market position.
In other recent news, Red Robin Gourmet Burgers reported a strong performance for the first quarter of 2025, with earnings per share of $0.19, significantly surpassing the forecasted loss of $0.39. The company’s revenue reached $392.4 million, slightly below the expected $395.4 million but still marking an increase from the previous year’s $388.5 million. Adjusted EBITDA was reported at $27.9 million, exceeding consensus expectations and reflecting a $14.5 million increase from the same quarter in 2024. Despite the positive earnings results, Red Robin has adjusted its full-year revenue guidance downward by $15 million to $20 million, citing a decrease in guest traffic and broader macroeconomic challenges. Benchmark analysts maintained a Buy rating for Red Robin, with a price target of $12, following the company’s earnings announcement. The firm’s analysts expressed confidence in the company’s fiscal year estimates, despite the revised revenue guidance. Red Robin plans to maintain its current menu prices for the remainder of 2025 and has no immediate plans for further price increases.
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