Western Standard LLC Buys New Holdings in Red Robin Gourmet Burgers, Inc. $RRGB

Posted by Brenda Bartman on Aug 20th, 2026

Western Standard LLC purchased a new stake in shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB – Free Report) in the second quarter, HoldingsChannel.com reports. The firm purchased 88,418 shares of the restaurant operator’s stock, valued at approximately $706,000. Red Robin Gourmet Burgers comprises 0.2% of Western Standard LLC’s holdings, making the stock its 26th biggest holding.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its holdings in shares of Red Robin Gourmet Burgers by 503.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 5,379 shares of the restaurant operator’s stock worth $31,000 after purchasing an additional 4,487 shares during the period. Jain Global LLC purchased a new stake in shares of Red Robin Gourmet Burgers during the 4th quarter worth about $47,000. Osaic Holdings Inc. grew its holdings in shares of Red Robin Gourmet Burgers by 152.6% during the 2nd quarter. Osaic Holdings Inc. now owns 10,055 shares of the restaurant operator’s stock worth $58,000 after purchasing an additional 6,075 shares during the period. MB Generational Wealth LLC acquired a new stake in Red Robin Gourmet Burgers during the 1st quarter worth approximately $59,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Red Robin Gourmet Burgers during the 1st quarter worth approximately $61,000. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

RRGB has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Red Robin Gourmet Burgers in a research report on Friday, July 17th. Benchmark increased their price objective on shares of Red Robin Gourmet Burgers from $8.00 to $10.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. UBS Group set a $8.00 target price on shares of Red Robin Gourmet Burgers in a research note on Wednesday, June 3rd. Finally, Wall Street Zen upgraded shares of Red Robin Gourmet Burgers from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $8.33.

Check Out Our Latest Stock Report on RRGB

Red Robin Gourmet Burgers Stock Down 6.9%

Shares of RRGB opened at $9.51 on Thursday. The business’s 50 day moving average is $7.36 and its two-hundred day moving average is $5.05. Red Robin Gourmet Burgers, Inc. has a 52-week low of $2.45 and a 52-week high of $10.95. The firm has a market cap of $179.74 million, a price-to-earnings ratio of -5.63 and a beta of 2.40.

Red Robin Gourmet Burgers (NASDAQ:RRGB – Get Free Report) last released its quarterly earnings results on Wednesday, August 12th. The restaurant operator reported $0.12 earnings per share for the quarter. The company had revenue of $277.64 million for the quarter, compared to analyst estimates of $268.56 million. On average, equities analysts expect that Red Robin Gourmet Burgers, Inc. will post -0.5 earnings per share for the current fiscal year.

About Red Robin Gourmet Burgers

(Free Report)

Red Robin Gourmet Burgers, Inc, trading on NASDAQ under the ticker RRGB, is a leading casual dining restaurant company headquartered in Greenwood Village, Colorado. The company specializes in offering a diverse menu centered on gourmet burgers, bottomless steak fries, salads, sandwiches and a selection of alcoholic beverages. Red Robin operates restaurants under its flagship Red Robin® brand, serving guests through both dine-in and off-premises channels, including delivery and carry-out. The company also leverages technology and loyalty programs to enhance the guest experience and drive repeat visits.

Founded in 1969 in Seattle, Washington, Red Robin began as a small tavern before evolving into a family-friendly restaurant concept focused on premium burgers.