Company: RRGB
Filing Date: 2025-11-10
Form Type: 424B5
Source: 0000950142-25-002929
Chunk: 10

Company: RED ROBIN GOURMET BURGERS INC
Filing Date: 2025-11-10
Form: 424B5
Chunk 10
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 Stock. We cannot predict the effect, if any, that market sales
of those shares of Common Stock, or the perception that those shares may be sold, will have on the market price of our Common Stock.

We plan to sell shares of our Common Stock in “at the market offerings” and investors who buy shares of our Common Stock at different times will likely pay different prices.

Investors who purchase
shares of our Common Stock in this offering at different times will likely pay different prices and may experience different outcomes
in their investment results. We will have discretion, subject to the effect of market conditions, to vary the timing, prices, and numbers
of shares sold in this offering. Investors may experience a decline in the value of their shares of our Common Stock. Many factors could
have an impact on the market price of our Common Stock, including the factors described above and in the accompanying prospectus and those
disclosed under “Risk Factors” in our 2024 Annual Report as updated in subsequent reports filed with the SEC.

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The actual number of shares of Common Stock we will issue under the distribution agreement, at any one time or in total, is uncertain.

Subject to certain limitations
in the distribution agreement and compliance with applicable law, we have the discretion to deliver a placement notice to Evercore at
any time throughout the term of the distribution agreement. The number of shares of Common Stock that are sold by Evercore after delivering
a placement notice will fluctuate based on the market price of the shares of Common Stock during the sales period and limits we set with
Evercore. Because the price per share of each share sold will fluctuate based on the market price of our common stock during the sales
period, it is not possible at this stage to predict the number of shares of Common Stock that will be ultimately issued, if at all.

We do not expect to pay any dividends in the foreseeable future.

In the past, we have not
paid dividends on our Common Stock. We do not currently intend to pay dividends on our Common Stock and we intend to retain our future
earnings, if any, to fund the development and growth of our business. In addition, the terms of certain existing and any future debt agreements
may preclude us from paying dividends. As a result, capital appreciation, if any, of our Common Stock may be your sole source of gain
for the foreseeable future.

Risks Related to Our Indebtedness

Our ability to extend or refinance maturing indebted