Figma Shares Indicated To Open $105/$110
ENGLEWOOD, CO—Meghan Spuler, Chief People Officer at Red Robin Gourmet Burgers Inc (NASDAQ:RRGB), recently sold shares totaling $7,032, according to a recent SEC filing. The restaurant chain, currently valued at $74.4 million, has been facing significant financial challenges, as indicated by InvestingPro analysis showing weak financial health scores and rapid cash burn. The transactions occurred on March 14 and March 17, with shares sold at prices ranging from $4.39 to $4.46. These sales were conducted as part of automatic "sell-to-cover" transactions to address tax withholding obligations and fees linked to the vesting of restricted stock units. The stock, which has shown high price volatility according to InvestingPro data, is currently trading at $4.26, down over 30% from a year ago. Following these transactions, Spuler holds 18,706 shares, which include time-based restricted stock units subject to vesting and forfeiture conditions. For deeper insights into insider trading patterns and comprehensive financial analysis, including 10 additional key ProTips, access the full Red Robin research report on InvestingPro.
In other recent news, Red Robin Gourmet Burgers Inc. reported its fourth-quarter 2024 earnings, revealing a notable miss on earnings per share (EPS) and revenue compared to analyst forecasts. The company posted an EPS of -0.94, significantly below the expected -0.29, and its revenue came in at $258.2 million, missing the forecast of $285.62 million. Despite these setbacks, the company experienced a 3.4% increase in comparable restaurant revenue and improved adjusted EBITDA to $12.7 million, up $2 million from the previous year. Red Robin plans to close 10-15 underperforming restaurants in 2025 as part of its strategic initiatives. Additionally, the company introduced new menu items and operational updates to drive future growth. Looking ahead, Red Robin has set a revenue guidance for 2025 between $1.225 billion and $1.250 billion. The company also anticipates a restaurant-level operating profit of 12-13% and an adjusted EBITDA of $60-$65 million. CEO G.J. Hart emphasized ongoing efforts to enhance guest engagement and optimize operational expenses, while CFO Todd highlighted expectations for modestly positive same-store sales growth in the coming year.
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