Red Robin Gourmet Burgers (RRGB) Quarterly Institutional 13F Update (Q2 2026)

Red Robin Gourmet Burgers completed three separate asset sales in late August 2026, offloading 116 company-owned restaurants to three buyers — Evergreen ($23.5M), Op Burgers ($62.5M, with 61 of 69 restaurants closed so far and the remaining 8 expected by fiscal year-end), and Kuber ($10M) — for a combined roughly $96 million in cash. All of these restaurants will continue operating under the Red Robin brand but as franchised locations rather than company-owned stores. The company plans to use the proceeds mainly to pay down debt.

AI summary pending

Red Robin Gourmet Burgers (RRGB) announced on July 17, 2026 that its board expanded from seven to eight directors and appointed Michael Kappitt to fill the new seat, effective July 24. Kappitt most recently served as Chief Operating and Insights Officer at Subway through August 2025, and before that held several leadership roles at Bloomin' Brands, including president of Carrabba's Italian Grill. He will be compensated under the company's standard non-employee director policy and won't serve on any board committees for now.

Red Robin Gourmet Burgers (RRGB) announced on July 17 that its board expanded from seven to eight members, appointing Michael Kappitt as an independent director, effective July 24. Kappitt is the Chief Operating and Insights Officer at Subway, and previously held leadership roles at Bloomin' Brands, including President of Carrabba's Italian Grill. He will receive standard non-employee director compensation and currently does not serve on any board committees.