James Franco & Keegan Allen Premiere 'King Cobra' At Outfest 2016!

James Franco shows off his mustache while hitting the red carpet at the screening of his latest film King Cobra held during the 2016 Outfest at Director’s Guild of America on Saturday (July 16) in West Hollywood, Calif.

The 38-year-old actor was joined by his co-stars Keegan Allen and his model girlfriend Ali Collier, Alicia Silverstone, Garrett Clayton, and director-writer Justin Kelly.

At the event, Gus Van Sant presented James with the James Schamus Ally Award, created to honor the efforts of an individual in bringing LGBTQ stories to the forefront.

“I am thrilled to have my name linked with such a Hollywood legend and someone who shepherded all kinds of stories,” James expressed (via Variety). “Nothing was beyond the pale for Schamus � he saw value and entertainment in it all. His work on ‘Wedding Banquet’ to ‘Brokeback Mountain’ to ‘Milk’ changed the landscape for queer cinema and I only hope to make such an impression.”

25+ pictures inside of James Franco and others at the King Cobra screening…