Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB), a casual dining restaurant chain focused on serving an innovative selection of high-quality gourmet burgers in a family-friendly atmosphere, today announced it has completed the acquisition of 13 Red Robin franchised restaurants in Texas, from Cowboy Red, L.C., Cowgirl Red, LLC, and Texas Red Real Estate, Ltd. and its affiliates, and Robert Y Reynolds and Carolyn Frost Keenan. The 13 Texas restaurants are located in the trade areas of Houston (7), Dallas (2), Lubbock (1), Austin (1), Abilene (1) and Amarillo (1).
“This acquisition supports our strategy to expand in markets such as Texas which provide us strong growth prospects. We would also like to welcome almost 800 new members to the Red Robin corporate family and offer them an opportunity for continued growth as well,” said Steve Carley, Red Robin Gourmet Burgers, Inc. chief executive officer.
The Company will provide additional information with regards to this transaction when it reports results of the fiscal first quarter ended April 17, 2016.