Ok, figured this out. No issues here. Did not know about the simple encryption method being used. So:
P:\Hfref\Ybh\NccQngn\Ybpny\Eboybk\Irefvbaf\irefvba-q38201q3r9s24p12\EboybkCynlreOrgn.rkr
deciphers to:
C:\Users\Lou\AppData\Local\Roblox\Versions\version-d38201d3e9f24c12\RobloxPlayerBeta.exe
A game my kid plays on my system from time to time.
I don't recall ever seeing these types of entries before but the registry is pretty large and filled with all kinds of stuff.