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Red Robin Gourmet Burgers, Inc.
Type
Public
Traded as NASDAQ: RRGB
S&P 600 Component
Industry Restaurant
Founded Seattle, Washington, U.S. September 1969; 48 years ago (1969-09)
Headquarters Greenwood Village, Colorado
Number of locations
538 (2015)
Products Casual Dining
Website www.redrobin.com

Red Robin Gourmet Burgers and Brews, or simply Red Robin, is an American chain of casual dining restaurants founded in September 1969 in Seattle, Washington. In 1979, the first franchised Red Robin restaurant was opened in Yakima, Washington. Red Robin is now headquartered in Greenwood Village, Colorado, and, as of 2015, has 538 locations, including 499 that are company-owned and 99 that are franchised.

The original Red Robin stood at the corner of Furhman and Eastlake Avenues E. in Seattle, at the southern end of the University Bridge. This building dates from 1940 and was first called Sam's Tavern. The owner, Sam, sang in a barbershop quartet and could frequently be heard singing the song "When the Red, Red Robin (Comes Bob, Bob, Bobbin' Along)". He liked the song so much that he eventually changed the name to Sam's Red Robin.

In 1969, local Seattle restaurant entrepreneur Gerry Kingen bought the restaurant and expanded it. The business dropped the "Sam's" and simply became Red Robin. The first restaurant was 1,200 sq ft (110 sq m). It was a favored hangout for University of Washington students. Kingen continued to operate the location as a tavern for a few years, but later added hamburgers to the menu, eventually giving fans 28 different burgers to choose from, and sales skyrocketed.

After 10 years of building the Red Robin concept Kingen decided to franchise it, which proved to be significant in the development of the chain. Through franchising, and through one franchisee in particular, the chain drew its strength. Kingen's association with the company he founded later ended, but the franchising system endured, creating disciples of the gourmet burger format that extended the physical presence and geographic reach of the enterprise for beyond the efforts of its creator.

In 1979, Kingen sold Michael and Steve Snyder the rights to open a Red Robin in Yakima, Washington and The Snyder Group Company became Red Robin's first franchisee. In 1980, Red Robin opened a restaurant in Portland, Oregon. In 1983, Red Robin adopted a mascot named Red. In 1985, Red Robin boasted 175 restaurants when the corporate headquarters was moved from downtown Seattle to Irvine, California after CEO Kingen sold a controlling interest in Red Robin Corp. to Skylark Corporation of Japan and where Michael Snyder had Red Robin offices. With marginal successes and poor financial performance under Skylark's management, Kingen, then a minority owner, in 1995 stepped back into Red Robin with Michael Snyder to nurse the company back to profitability. In 2000, the company opened its 150th restaurant. The headquarters was moved to the Denver Tech Center. In 2000, Red Robin merged with the Snyder Group, and Snyder became president, chairman and CEO of the merged company. Snyder took the company public in 2002. As of fiscal year 2015, the company has 538 restaurants with a revenue of US$1.257592 billion.

The original Red Robin closed on March 21, 2010 due to prohibitive maintenance costs for the old building. It was demolished on August 28, 2014.

Recently, Red Robin has added a "simplified" line of restaurants called Red Robin's Burger Works featuring quick service and with locations in Washington, D.C., Illinois, Ohio, and Colorado.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2022 2022-11-08 Future report Set alerts
Q2 2022 2022-08-10 -0.75 -0.75
Q1 2022 2022-05-26 -0.12 -0.12
Q4 2021 2022-03-10 -1.03 -1.03
Q3 2021 2021-11-10 -0.88 -0.88
Q2 2021 2021-08-18 -0.22 -0.22
Q1 2021 2021-05-25 -0.30 -0.30
Q4 2020 2021-03-03 -1.79 -1.79
Q3 2020 2020-11-05 -0.19 -0.40
Q2 2020 2020-08-11 -3.31 -4.09

Ratings

2016-06-17 Reiterated Rating Maxim Group Buy $81.00 to $77.00
2016-05-19 Reiterated Rating Jefferies Group Buy $80.00 to $72.00
2016-05-18 Reiterated Rating Morgan Stanley Hold
2016-05-17 Reiterated Rating Maxim Group Buy $85.00 to $81.00
2016-05-16 Reiterated Rating Sterne Agee CRT Neutral
2016-04-21 Lower Price Target Maxim Group Buy $91.00 to $85.00
2016-03-30 Reiterated Rating KeyBanc Buy $90.00
2016-03-30 Reiterated Rating KeyCorp Buy $90.00
2016-03-22 Lower Price Target Maxim Group Buy $94.00 to $91.00
2016-02-16 Lower Price Target Jefferies Group Buy $90.00 to $80.00
2016-02-16 Reiterated Rating Jefferies Buy $90.00 to $80.00
2016-02-12 Boost Price Target Maxim Group Buy $90.00 to $94.00
2016-01-29 Lower Price Target Raymond James Strong-Buy $80.00
2016-01-29 Lower Price Target Raymond James Financial Inc. Strong-Buy $80.00
2016-01-21 Reiterated Rating Jefferies Group Buy $90.00
2016-01-07 Lower Price Target Maxim Group Buy $98.00 to $90.00
2016-01-05 Lower Price Target KeyBanc Overweight $105.00 to $90.00
2015-11-04 Lower Price Target Stephens Overweight $100.00 to $90.00
2015-11-04 Lower Price Target Raymond James $100.00 to $90.00
2015-11-04 Lower Price Target Maxim Group $103.00 to $98.00
2015-09-11 Initiated Coverage Maxim Group Buy $103.00
2015-09-05 Reiterated Rating Jefferies Group Buy $97.00
2015-08-11 Reiterated Rating Wunderlich Buy $100.00
2015-07-15 Initiated Coverage BTIG Research Neutral
2015-07-07 Boost Price Target KeyBanc $100.00 to $105.00
2015-07-02 Reiterated Rating Stephens Overweight $100.00
2015-05-26 Reiterated Rating Stephens Overweight $100.00
2015-05-20 Boost Price Target Jefferies Group Buy $94.00 to $97.00
2015-05-20 Boost Price Target Wunderlich Buy $92.00 to $100.00
2015-03-27 Boost Price Target Miller Tabak Buy $86.00 to $95.00
2015-03-11 Upgrade Longbow Research Neutral to Buy $99.00
2015-02-17 Boost Price Target Jefferies Group Buy $87.00 to $94.00
2015-02-17 Lower Price Target Miller Tabak Buy $89.00 to $86.00
2015-01-20 Boost Price Target Wunderlich Buy $76.00 to $92.00
2015-01-06 Boost Price Target Jefferies Group Buy $80.00 to $87.00
2014-09-11 Downgrade Morgan Stanley Sell to Strong Sell $62.00
2014-08-15 Lower Price Target Telsey Advisory Group Not Rated $97.00 to $65.00
2014-08-15 Reiterated Rating Wunderlich Buy $76.00 to $92.00
2014-08-15 Reiterated Rating Jefferies Group Buy $90.00 to $80.00
2014-08-14 Lower Price Target Miller Tabak Buy $84.00 to $70.00
2014-08-14 Downgrade Longbow Research Buy to Neutral
2014-02-18 Boost Price Target Raymond James $80.00 to $90.00
2014-02-10 Upgrade Wunderlich Underperform to Buy $80.00
2014-02-10 Upgrade Bank of America Underperform to Buy $80.00
2014-02-10 Upgrade Raymond James Outperform to Strong-Buy $80.00
2014-02-07 Initiated Coverage Longbow Research Buy
2013-12-20 Upgrade Miller Tabak Hold to Buy $83.00 to $86.00
2013-11-15 Boost Price Target Wunderlich Buy $90.00 to $92.00
2013-11-06 Boost Price Target Raymond James Outperform $74.00 to $92.00
2013-11-06 Boost Price Target BMO Capital Markets Market Perform $66.00 to $90.00
2013-11-06 Downgrade Bank of America Neutral to Underperform $64.00 to $80.00
2013-11-06 Boost Price Target Telsey Advisory Group Not Rated $81.00 to $97.00
2013-11-05 Boost Price Target KeyBanc Buy $75.00 to $90.00
2013-11-01 Upgrade Wunderlich Hold to Buy $70.00 to $90.00
2013-10-01 Downgrade Raymond James Strong-Buy to Outperform
2013-09-27 Reiterated Rating Wunderlich Hold $70.00
2013-09-27 Boost Price Target KeyBanc Buy $68.00 to $75.00
2013-09-25 Upgrade Piper Jaffray Underweight to Neutral $52.00 to $68.00
2013-01-08 Reiterated Miller Tabak Buy $36 to $40
2012-10-31 Upgrade Miller Tabak Hold to Buy
2012-07-24 Initiated Miller Tabak Hold $33
2010-11-05 Downgrade KeyBanc Capital Mkts Buy to Hold
2010-08-16 Reiterated McAdams Wright Ragen Buy $23 to $21
2010-04-22 Upgrade KeyBanc Capital Mkts Hold to Buy $33
2010-04-12 Upgrade Sterne Agee Sell to Buy
2009-11-06 Downgrade KeyBanc Capital Mkts Buy to Hold
2009-08-07 Downgrade Oppenheimer Outperform to Perform
2009-07-07 Initiated Sterne Agee Sell $14
2016-06-17 Reiterated Rating Maxim Group Buy $81.00 to $77.00
2016-05-19 Reiterated Rating Jefferies Group Buy $80.00 to $72.00
2016-05-18 Reiterated Rating Morgan Stanley Hold
2016-05-17 Reiterated Rating Maxim Group Buy $85.00 to $81.00
2016-05-16 Reiterated Rating Sterne Agee CRT Neutral

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
Carley Stephen E. Chief Executive Officer 0.25%  (35602) HHS / RRGB /
Post Denny Marie Chief Marketing Officer 0.19%  (26697) RRGB /
BRIGHTON TODD Chief Development Officer 0.16%  (23602) RRGB /
Kaufman Glenn B. 0.16%  (22987) RRGB /
HOUSEMAN ERIC President and COO 0.16%  (22500) RRGB /
Howell Richard J 0.13%  (18899) RRGB /
Menogan Annita M Chief Legal Officer 0.12%  (17413) RRGB /
ROTHE JAMES T 0.11%  (16128) RRGB /
Brown Stuart B Chief Financial Officer 0.11%  (15790) DCT / IRM / RRGB /
HILL LLOYD L 0.11%  (15193) AMC / RRGB /
Constant Guy J Chief Financial Officer 0.10%  (14486) EAT / RCII / RRGB /
Laping Chris Chief Information Officer 0.06%  (9192) RRGB /
MUHTAR JONATHAN A. Chief Marketing Officer 0.06%  (8526) RRGB /
STUTZ CARIN Chief Operating Officer 0.05%  (7454) COSI / RRGB /
Cooney Cathy Chief People Officer 0.05%  (6872) RRGB /
DUNAWAY CAMBRIA W 0.05%  (6553) BC / MKTO / RRGB /
ORAN STUART I 0.04%  (5670) CIFC / FCB / OHAI / RRGB / SAVE /
Carmichael Beverly K Chief People Officer 0.04%  (5345) CBRL / RRGB /
HARRYMAN TERRY D VP, CAO and Controller 0.03%  (4035) RRGB /
Aiken Robert Blaine Jr 0.03%  (3601) RRGB / THS / USTR /
Kaplan Michael L. Chief Legal Officer 0.02%  (3446) RRGB /
LUMPKIN STEVE 0.02%  (3328) RRGB /
Kalen Holmes 0.02%  (3328) RRGB / ZUMZ /
MOORE PATTYE L 0.01%  (1547) OGS / OKE / RRGB /