Red Robin Gourmet Burgers
RRGB on Nasdaq. Red Robin sells burgers and fries to restaurant diners in North America. Market value $152m.
Price checks use the past 12 months to July 2026. Quality checks use five annual reports, the latest for the year to December 2025.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
Nothing stands out yet.
See Retail & consumer stocks that passed both tests
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $-1.13 of spare cash in the past 12 months. A savings account pays about $4.
The filings do not give us enough to work this out.
The filings do not give us enough to work this out.
Quality score: 38 of 100. Price score: 0 of 100. Our list needs 70 on quality and 60 on price.
$8.36 a share, 240% above its 1-year low
Over the past year the price has ranged from $2.46 to $10.95.
Pays no dividend
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
Spare cash swings from quarter to quarter here: a shortfall of $2 million in the past 12 months, $6 million in the year to December 2025.
| Revenue | |||||
| Revenue | $1.2bn | $1.3bn | $1.3bn | $1.2bn | $1.2bn |
| Operating margin | |||||
| Operating margin | -3.2% | -4.5% | 0.3% | -4.3% | 0.2% |
| Debt to equity | |||||
| Debt to equity | 2.54 | 120.11 | n/a | n/a | n/a |
| Shares outstanding | |||||
| Shares outstanding | 0.02bn | 0.02bn | 0.02bn | 0.02bn | 0.02bn |
Health checks
- Free cash flow positive2 of 5 years
- Accounting looks honest (Beneish)Not enough data
- Financial strength (Piotroski)4 of 8 checks we could run
- Profit backed by cash (accruals)No
- DebtUnknown
- Revenue growth, five yearsSlow, 6.9% a year
- Buying back its own sharesNo, 19% more shares since 2021
The quarter to July 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $278 million last quarter, down 2% on a year ago.
- Profit: $386,000, down 90% on a year ago.
- It keeps 0 cents of each $1 of sales as operating profit, after losing 2 cents a year earlier.
- Over the past 12 months it spent $2 million more cash than it brought in, compared with $8 million a year earlier.
- 16% more shares than a year ago. Each share owns a bit less of the company.
- Debt is $144 million more than cash, down from $145 million a year ago.
- Sales did not grow on a year ago in any of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $275m |
| December 2024 | $285m |
| April 2025 | $392m |
| July 2025 | $284m |
| September 2025 | $265m |
| December 2025 | $269m |
| April 2026 | $378m |
| July 2026 | $278m |
| Quarter to | Amount |
|---|---|
| September 2024 | -$19m |
| December 2024 | -$40m |
| April 2025 | $1m |
| July 2025 | $4m |
| September 2025 | -$18m |
| December 2025 | -$10m |
| April 2026 | -$2m |
| July 2026 | $386,000 |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 25 February 2026
- Next quarterly (estimated, 10-Q)
- 11 November 2026
Who owns it
None of the long-term investors we follow own it. 67 funds in all.
Largest holders overall
- JCP Investment Management$15mAdded
- Pacific Ridge Capital Partners$14m
- Bandera Partners$11m
- Vanguard Capital Management$5m
- Coppell Advisory Solutions$5mNew
- Mink Brook Asset Management$3mAdded
- Wellington Management Group LLP$3mNew
- BlackRock$2mAdded
- Citadel Advisors$2mAdded
- Geode Capital Management$2m
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
3 investors own more than 5%.
- at least 10.4%(filed with 6 related holders)Since 13 February 2026
What they said
Item 4 is hereby amended to add the following: On February 13, 2026, the Reporting Persons and the Issuer entered into an amendment (the "Amendment") to the Cooperation Agreement (as defined in Amendment No. 2 to the Schedule 13D). Pursuant to the Amendment, the Issuer agreed,…
Read the filing - Pacific Ridge Capital Partners, LLCPassive investor7.7%+0.9 ptsSince 31 December 2025
- Bandera Partners LLCPassive investorat least 7.6%(filed with 2 related holders)Since 30 June 2025
- Acuitas Investments, LLCPassive investorSold down below 5%Since 31 March 2026
| Holder | Stake | Since | |
|---|---|---|---|
at least 10.4% (filed with 6 related holders) | 13 February 2026 | What they saidItem 4 is hereby amended to add the following: On February 13, 2026, the Reporting Persons and the Issuer entered into an amendment (the "Amendment") to the Cooperation Agreement (as defined in Amendment No. 2 to the Schedule 13D). Pursuant to the Amendment, the Issuer agreed,… Read the filing | |
Pacific Ridge Capital Partners, LLC Passive investor | 7.7%+0.9 pts | 31 December 2025 | |
Bandera Partners LLC Passive investor | at least 7.6% (filed with 2 related holders) | 30 June 2025 | |
Acuitas Investments, LLC Passive investor | Sold down below 5% | 31 March 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought shares on the open market in the last 12 months. 3 sold $68,046.
- Griffith JesseChief Operations OfficerSold
- Date
- 6 April 2026
- Shares
- 1,008
- Price
- $3.03
- Value
- $3,054
- Griffith JesseChief Operations OfficerSold
- Date
- 23 March 2026
- Shares
- 839
- Price
- $3.12
- Value
- $2,618
- Mussetter Sarah A.CHIEF LEGAL OFFICERSold
- Date
- 23 March 2026
- Shares
- 2,913
- Price
- $3.12
- Value
- $9,089
- Griffith JesseChief Operations OfficerSold
- Date
- 16 March 2026
- Shares
- 1,402
- Price
- $3.21
- Value
- $4,500
- Mussetter Sarah A.CHIEF LEGAL OFFICERSold
- Date
- 16 March 2026
- Shares
- 4,037
- Price
- $3.21
- Value
- $12,959
- Mussetter Sarah A.CHIEF LEGAL OFFICERSold
- Date
- 9 December 2025
- Shares
- 2,800
- Price
- $3.88
- Value
- $10,864
- Wilson Joshua ToddCHIEF FINANCIAL OFFICERSold
- Date
- 17 November 2025
- Shares
- 6,015
- Price
- $4.15
- Value
- $24,962
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 6 April 2026 | Griffith Jesse Chief Operations Officer | Sold | 1,008 | $3.03 | $3,054 |
| 23 March 2026 | Griffith Jesse Chief Operations Officer | Sold | 839 | $3.12 | $2,618 |
| 23 March 2026 | Mussetter Sarah A. CHIEF LEGAL OFFICER | Sold | 2,913 | $3.12 | $9,089 |
| 16 March 2026 | Griffith Jesse Chief Operations Officer | Sold | 1,402 | $3.21 | $4,500 |
| 16 March 2026 | Mussetter Sarah A. CHIEF LEGAL OFFICER | Sold | 4,037 | $3.21 | $12,959 |
| 9 December 2025 | Mussetter Sarah A. CHIEF LEGAL OFFICER | Sold | 2,800 | $3.88 | $10,864 |
| 17 November 2025 | Wilson Joshua Todd CHIEF FINANCIAL OFFICER | Sold | 6,015 | $4.15 | $24,962 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
What could go wrong
- It owes more than it owns on paper (negative equity). Often that's from borrowing to buy back shares.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.