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Sarah A. Mussetter, the Chief Legal Officer of Red Robin Gourmet Burgers Inc. (NASDAQ:RRGB), recently reported stock transactions that included sales totaling $8,432. The transactions were disclosed in a Form 4 filing with the Securities and Exchange Commission, detailing activities carried out on March 21 and March 24, 2025. The sales come as the restaurant chain’s stock has declined 38% over the past year, with shares currently trading near $4.12, significantly below their 52-week high of $9.20.
On March 21, Mussetter sold 1,108 shares of Red Robin’s common stock at a weighted average price of $4.16 per share. The sale generated proceeds of approximately $4,608. On March 24, an additional 919 shares were sold at the same average price, yielding $3,824. These transactions were part of automatic "sell-to-cover" actions to address tax obligations and fees related to the vesting of restricted stock units. According to InvestingPro data, Red Robin’s financial health score is rated as "WEAK," with the company facing significant debt burdens and cash flow challenges. Get access to 10+ additional exclusive ProTips and comprehensive analysis through InvestingPro’s detailed research reports.
Additionally, Mussetter received a grant of 57,543 time-based restricted stock units on March 24, under Red Robin’s 2024 Performance Incentive Plan. These units were granted at no cost and are subject to vesting conditions over three years. Following these transactions, Mussetter holds 113,477 shares of Red Robin, including 88,162 restricted stock units that are subject to vesting and forfeiture restrictions. With analyst price targets ranging from $6 to $12 per share, InvestingPro subscribers can access detailed valuation metrics and comprehensive analysis to better understand the company’s potential trajectory.
In other recent news, Red Robin Gourmet Burgers Inc. reported its fourth-quarter 2024 earnings, revealing a significant shortfall in both earnings per share (EPS) and revenue compared to analyst forecasts. The company posted an EPS of -0.94, which was notably below the expected -0.29, and revenue reached $258.2 million, falling short of the forecasted $285.62 million. Despite these misses, Red Robin’s stock saw a notable rebound in aftermarket trading. The company has announced plans to close 10-15 underperforming restaurants in 2025 as part of its strategy to improve financial performance.
Red Robin’s adjusted EBITDA improved to $12.7 million, up $2 million year-over-year, indicating better cost management. The company also introduced new menu items and operational updates aimed at fostering future growth. Looking ahead, Red Robin set a revenue guidance for 2025 between $1.225 billion and $1.250 billion, with expectations for modestly positive same-store sales growth.
Additionally, Red Robin’s strategic initiatives have been met with cautious optimism from investors, as reflected in the stock’s aftermarket performance. The company emphasized its focus on enhancing guest engagement and optimizing operating expenses to capture long-term growth opportunities.
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