Red Robin (RRGB) Gourmet Burgers announced that affiliates of JCP Investment Management and Jumana Capital invested an additional $8.3M into the company, strengthening its balance sheet and demonstrating their long-term commitment to the strategy and brand. Additionally, the company announced the appointment of James Pappas and Christopher Martin to its Board of Directors, pursuant to a cooperation agreement with JCP and Jumana. Upon Pappas’ and Martin’s respective appointments, the Board will expand to 10 directors, nine of whom will be independent.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RRGB:
- Red Robin price target lowered to $8.50 from $11.50 at Craig-Hallum
- Red Robin price target lowered to $11 from $16 at Lake Street
- Red Robin Reports Q3 Results, Outlines Future Growth Plans
- Closing Bell Movers: AppLoving up 29% after Q3 earnings beat
- Red Robin reports Q3 adjusted EPS ($1.13), consensus (96c)