RRGB News & Events

Red Robin Gourmet Burgers announced it has entered into two separate refranchising agreements with experienced multi-unit restaurant operators for the sale of 86 company-owned units for $72.5M. These units will continue operating under the same Red Robin brand guests love and trust. Under the terms of the agreements and following closing, the new franchisees will acquire and operate restaurants in the following markets: Op Burgers, LLC will acquire 69 units based in Kentucky, Indiana, Maryland, Ohio, North Carolina, Pennsylvania, South Carolina and Virginia for $62.5M. Kuber Oregon, LLC and Kuber Washington, LLC will acquire 17 units based in Oregon and Washington for $10M. These transactions follow the recent announcement of a refranchise transaction of 30 locations to Evergreen Dining, LLC announced on May 28, 2026. Together, these three transactions represent a combined transaction value of approximately $96M. The company intends to use the net proceeds from these transactions to pay down outstanding debt and execute on the refinancing priorities outlined in its "First Choice Plan."

Red Robin Gourmet Burgers announced the sale of 30 units to Evergreen Dining, an experienced multi-unit restaurant operator. These units, which are based in Washington and Western Idaho, will continue operating under the same Red Robin brand guests love and trust. Under the terms of the agreement, Red Robin will receive $23.5M in cash. The company intends to use the proceeds from this transaction primarily to pay down outstanding debt while continuing to execute on the priorities outlined in its "First Choice Plan." Evergreen Dining's principals have run more than 100 restaurants across multiple national brands over nearly three decades. With more than 1,200 employees across their operating entities and a support center providing accounting, HR, IT, marketing, payroll, purchasing, and real estate services, the team brings organizational depth to support the 30 Red Robin locations from day one. The transaction is expected to close in the second half of 2026, subject to customary closing conditions. The company expects to update guidance following the close of the transaction.

The major averages closed broadly higher, cutting into this week's previous losses as oil prices slipped to below $100 per barrel. Semiconductor stocks rebounded after several sessions dominated by rising yields and inflation fears, with the market fully focused on tonight's highly anticipated Nvidia earnings report.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Targetreportedand reiterated its FY26 outlookLowe'sreportedand backed its FY26 guidanceTJXprovided areport for Q1Hasbroreportedand provided its outlook for FY26Intuitwill streamline operations, including laying off 17% of its staff,2. WALL STREET CALLS:Etsyto Buy from Neutral at AreteNorthlandXponential Fitnesson potential for near-term dealOppenheimerRubrikto Outperform on sector, product strengthPhreesiato Equal Weight at Wells FargoCignato Hold at Deutsche Bank3. AROUND THE WEB:Paramount Skydanceis aiming to finalize its takeover of Warner Bros. Discoveryas soon as July, NY Post reportsPepsiCoplans to increase to increase prices on some of its smaller bags of chips by 10c-20c, Bloomberg saysGoogleDeepMind has agreed to hire more than 20 researchers from AI startup Contextual AI and license its technology in a deal valued at approximately $100M, including the addition of co-founder and CEO Douwe Kiela to the DeepMind team, Bloomberg reportsIntelis asking its leading PC partners, including those in the U.S., China, and Taiwan, to use more 18A CPUs, citing better supply than chips on older nodes, Nikkei Asia saysNvidiahas committed $90B to dealmaking in the AI industry over the past 16 months, FT says4. MOVERS:Roivant Scienceshigher after, with EPS beating consensusImmunityBioincreases after the FDA accepted aMedlinefalls afterMayville Envineeringlower after announcing aGDS Holdingsand Kanzhundecline after5. EARNINGS/GUIDANCE:VF Corp., with EPS and revenue beating consensusAnalog Devices, with CEO Vincent Roche commenting, "ADI's second quarter revenue and earnings were above the high end of our outlook"James Hardie, with CEO James Hardie commenting, "We delivered Adjusted EBITDA above our guidance range in the fourth quarter, reflecting disciplined execution and the strength of our business model"Red Robinand reaffirmed guidance for FY26Cava Group, with EPS and revenue beating consensusINDEXES:The Dow rose 645.47, or 1.31%, to 50,009.35, the Nasdaq gained 399.65, or 1.54%, to 26,270.36, and the S&P 500 advanced 79.36, or 1.08%, to 7,432.97.

The major averages were broadly higher near noon, curtailing some of this week's previous losses as oil prices slip. Semiconductor stocks are rebounding ahead of results that many traders see as the next major test for the AI-driven market rally. Markets are attempting to stabilize after several sessions dominated by rising yields and inflation fears, with investors now fully focused on tonight's highly anticipated Nvidia earnings report.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Targetreportedand reiterated its FY26 outlookLowe'sreportedand backed its FY26 guidanceTJXprovided areport for Q1Hasbroreportedand provided its outlook for FY26Intuitwill streamline operations, including laying off 17% of its staff,2. WALL STREET CALLS:Etsyto Buy from Neutral at AreteNorthlandXponential Fitnesson potential for near-term dealOppenheimerRubrikto Outperform on sector, product strengthPhreesiato Equal Weight at Wells FargoCignato Hold at Deutsche Bank3. AROUND THE WEB:GoogleDeepMind has agreed to hire more than 20 researchers from AI startup Contextual AI and license its technology in a deal valued at approximately $100M, including the addition of co-founder and CEO Douwe Kiela to the DeepMind team, Bloomberg reportsIntelis asking its leading PC partners, including those in the U.S., China, and Taiwan, to use more 18A CPUs, citing better supply than chips on older nodes, Nikkei Asia saysApproximately 48,000 workers at Samsungare scheduled to begin an 18-day strike over bonus payments, posing a potential risk to South Korea's economy and global chip supply, Reuters reportsChina intends to purchase 200 Boeingjets and seek an extension of a trade truce with the U.S. set to expire in November, Bloomberg saysNvidiahas committed $90B to dealmaking in the AI industry over the past 16 months, FT says4. MOVERS:Roivant Scienceshigher after, with EPS beating consensusImmunityBioincreases after the FDA accepted aMedlinefalls after filing toMayville Envineeringlower after announcing aGDS Holdingsand Kanzhundecline after5. EARNINGS/GUIDANCE:VF Corp., with EPS and revenue beating consensusAnalog Devices, with CEO Vincent Roche commenting, "ADI's second quarter revenue and earnings were above the high end of our outlook"James Hardie, with CEO James Hardie commenting, "We delivered Adjusted EBITDA above our guidance range in the fourth quarter, reflecting disciplined execution and the strength of our business model"Red Robinand reaffirmed guidance for FY26Cava Group, with EPS and revenue beating consensusINDEXES:Near midday, the Dow was up 1.00%, or 495.27, to 49,859.15, the Nasdaq was up 1.29%, or 333.82, to 26,204.53, and the S&P 500 was up 0.93%, or 68.51, to 7,422.12.