Harry has posted Charts of the Day video on RRGB at TheTechTrader site noting: Red Robin Gourmet Burgers Inc. (RRGB), which has been negative all year, formed a large bear wedge in Aug, came down, wedged again, bounced back to the declining topsline, failed, and on Tuesday, it rolled over, dropped out of a little flag, and went down another 1.55 to 62.33, or 2.4%, on 244,700 shares traded. It may be embarking on lower lows at 56, and then 48.
If this is because of Chipotle, then the market is crazier than I ever imagined. It there was ever a company-specific problem, it is Chipotle; no way their troubles should take down RRGB.
after disappointing results from chipolte and strong numbers from jack in the boxs mexican chain i think some of the wayward food $$$$ purchases went to RRGB among others
I'm thinking about buying at these levels. I love the food and concept and Red Robin's stock always seems to come back after a big sell off.
family dining until about 18 months ago.. Our family of 4 ordered 5 or 6 apps and just had fun. Then nachos became little more than potato chips with melted cheese and onion rings became soft and soggy, haven't been there since. Hope they get their act together.
If you're stupid enough to get lost in this overreaction and short it here, you'll be squeezed long before the cows come home! You are betting against a huge American obsession!! Well, you must be a fool!
Yes--sold my long pos and shorted again--just noticed all the stocks seem to have been on rocket fuel from 2011--amazing earnings growth in the last 4 years wow
wonder what happened to cause this
sure sounds like it to me.
but I buy, season, and grill
my own burger(s) when I
call me crazy, but it always
tastes better when you
cook it yourself...................
EPS beat with revenue a little light..but not 18% light. Our Red Robin is always packed with baseball and softball teams in the spring/summer, but not so in the winter. I bet the rest of the year is strong as they have the best bottomless fries anywhere. Buying this selloff