|Bid||13.96 x 800|
|Ask||13.97 x 800|
|Day's Range||13.69 - 14.02|
|52 Week Range||4.04 - 37.29|
|Beta (5Y Monthly)||2.41|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 03, 2020 - Nov 09, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||11.50|
Shares of Red Robin Gourmet Burgers (NASDAQ: RRGB) rose 18.4% in September, according to data from S&P Global Market Intelligence, after telling investors early in the month its business was improving as comparable sales improved ever so slightly as the weeks progressed. CEO Paul Murphy III believed it was the beginning of steady improvement going forward. "Looking ahead, we expect to build further momentum from the implementation and related seating expansion of all-weather tents and booth partitions by early in the fourth quarter along with indoor dining rooms beginning to reopen in California," he said in a statement.
Red Robin (RRGB) is likely to benefit from operational enhancements. However, high operating costs and low traffic due to coronavirus are concerning.
The restaurant industry continues to evolve their operations to survive the pandemic. Notably, increased focus on the off-premise business and technology-driven initiatives bodes well.