JCP Investment Management Amends Red Robin Stake

TL;DR

JCP Investment Management updated their Red Robin stake filing on 10/16/24. Watch this space.

AI Summary

JCP Investment Management, LLC, through its affiliate JCP Investment Management, has amended its Schedule 13D filing regarding Red Robin Gourmet Burgers, Inc. The amendment, filed on October 16, 2024, indicates a change in their beneficial ownership. The filing does not specify the exact percentage or number of shares, but it is an update to their previous disclosure.

Why It Matters

This filing signals a potential shift in the shareholder landscape of Red Robin, which could influence future strategic decisions or market perception.

Risk Assessment

Risk Level: medium — Amendments to 13D filings often precede significant corporate actions or shifts in investor strategy, warranting close monitoring.

Key Players & Entities

• JCP Investment Management, LLC (company) — Filing entity
• Red Robin Gourmet Burgers, Inc. (company) — Subject company
• James C. Pappas (person) — Affiliated with JCP Investment Management
• Christopher Martin (person) — Mentioned in relation to Jumana Capital Investments LLC
• Jumana Capital Investments LLC (company) — Mentioned in filing

FAQ

Key Financial Figures

• $0.001 — Inc. (Name of Issuer) Common Stock, $0.001 par value (Title of Class of Securiti
• $2,471,105 — tly by JCP Partnership is approximately $2,471,105, including brokerage commissions. The a
• $2,250,507 — ld in the JCP Accounts is approximately $2,250,507, including brokerage commissions. The
• $3,707,285 — wned by Jumana Capital is approximately $3,707,285, including brokerage commissions. Item

Filing Documents

• sc13da108569058_10162024.htm (SC 13D/A) — 219KB
• 0000921895-24-002301.txt ( ) — 220KB

Source and Amount of Funds or Other Consideration

Item 3. Source and Amount of Funds or Other Consideration .

is hereby amended

Item 3 is hereby amended and restated to read as follows: The Shares purchased by JCP Partnership and held in the JCP Accounts were purchased with working capital (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business). The aggregate purchase price of the 542,385 Shares owned directly by JCP Partnership is approximately $2,471,105, including brokerage commissions. The aggregate purchase price of the 472,578 Shares held in the JCP Accounts is approximately $2,250,507, including brokerage commissions. The Shares purchased by Jumana Capital were purchased with working capital (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business). The aggregate purchase price of the 769,202 Shares directly owned by Jumana Capital is approximately $3,707,285, including brokerage commissions.

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer . Items 5(a) – (c) are hereby amended and restated to read as follows: The aggregate percentage of Shares reported owned by each person named herein is based upon 15,753,528 Shares outstanding as of August 20, 2024, which is the total number of Shares outstanding as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 22, 2024. A. JCP Partnership (a) As of the date hereof, JCP Partnership beneficially owned 542,385 Shares. Percentage: Approximately 3.4% (b) 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 542,385 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 542,385 B. JCP Partners (a) JCP Partners, as the general partner of JCP Partnership, may be deemed the beneficial owner of the 542,385 Shares owned by JCP Partnership. Percentage: Approximately 3.4% (b) 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 542,385 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 542,385 C. JCP Holdings (a) JCP Holdings, as the general partner of JCP Partners, may be deemed the beneficial owner of the 542,385 Shares owned by JCP Partnership. Percentage: Approximately 3.4% (b) 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 542,385 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 542,385 D. JCP Management (a) As of the date hereof, 472,578 Shares were held in the JCP Accounts. JCP Management, as the investment manager of JCP Partnership and the JCP Accounts, may be deemed the beneficial owner of the (i) 542,385 Shares owned by JCP Partnership and (ii) 472,578 Shares held in the JCP Accounts. Percentage: Approximately 6.4% (b) 1. Sole power to vote or direct vote

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of his knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: October 16, 2024 JCP Investment Partnership, LP By: JCP Investment Management, LLC Investment Manager By: /s/ James C. Pappas Name: James C. Pappas Title: Managing Member JCP Investment Partners, LP By: JCP Investment Holdings, LLC General Partner By: /s/ James C. Pappas Name: James C. Pappas Title: Sole Member JCP Investment Holdings, LLC By: /s/ James C. Pappas Name: James C. Pappas Title: Sole Member JCP Investment Management, LLC By: /s/ James C. Pappas Name: James C. Pappas Title: Managing Member /s/ James C. Pappas James C. Pappas 10 CUSIP No. 75689M101 Jumana Capital Investments LLC By: /s/ Christopher Martin Name: Christopher Martin Title: Manager /s/ Christopher Martin Christopher Martin 11 CUSIP No. 75689M101 SCHEDULE A Transactions in Securities of the Issuer Since the Filing of the Schedule 13D Nature of the Transaction Securities Purchased/(Sold) Price Per Security($) Date of Purchase/Sale JCP INVESTMENT PARTNERSHIP, LP Purchase of Common Stock 29,371 5.3757 10/11/2024 Purchase of Common Stock 29,846 5.4998 10/14/2024 Purchase of Common Stock 524 5.5947 10/15/2024 Purchase of Common Stock 21,988 5.7936 10/16/2024 JCP INVESTMENT MANAGEMENT, LLC (Through the JCP Accounts) Purchase of Common Stock 20,629 5.3757 10/11/2024 Purchase of Common Stock 70,154 5.4998 10/14/2024 Purchase of Common Stock 369 5.5947 10/15/2024 Purchase of Common Stock 54,880 5.7936 10/16/2024 JUMANA CAPITAL INVESTMENTS LLC Purchase of Common Stock 50,000 5.3757 10/11/2024 Purchase of Common Stock 100,000 5.4998 10/14/2024 Purchase of Common Stock 893 5.5947 10/15/2024 Purchase of Common Stock 36,868 5.7936 10/16/2024

View Full Filing

View this SC 13D/A filing on SEC EDGAR