RRGB - Red Robin Gourmet Burgers, Inc.
| Previous Close | 30.30 |
| Open | 30.45 |
| Bid | 31.00 x 1100 |
| Ask | 33.60 x 1000 |
| Day's Range | 30.30 - 31.75 |
| 52 Week Range | 24.57 - 42.50 |
| Volume | 310,970 |
| Avg. Volume | 488,280 |
| Market Cap | 409.858M |
| Beta (3Y Monthly) | 1.66 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.78 |
| Earnings Date | Aug 23, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 32.78 |
- Business Wire
Red Robin Gourmet Burgers, Inc. to Release Second Quarter 2019 Results on August 23, 2019
Red Robin Gourmet Burgers, Inc., , a full-service restaurant chain serving an innovative selection of high-quality gourmet burgers in a family-friendly atmosphere, today announced that it will release financial results for its fiscal second quarter 2019 ended July 14, 2019, on Friday, August 23, 2019, before the market open.
- Zacks
Domino's Partners Rad Power Bikes, Boosts Delivery Services
Domino's (DPZ) relies extensively on delivery services to drive growth. To this end, the company expands the E-Bike program in partnership with Rad Power Bikes.
- Zacks
Earnings Preview: Red Robin (RRGB) Q2 Earnings Expected to Decline
Red Robin (RRGB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- American City Business Journals
Red Robin adds 3 'industry veterans' to board, updates timeline for new CEO
The changes represent the biggest movement made since a $519 million offer to buy the 50-year-old company.
- Business Wire
Red Robin Announces Addition of Tom G. Conforti, G.J. Hart and David A. Pace to Board of Directors
Red Robin Gourmet Burgers, Inc. (RRGB) (“Red Robin” or the “Company”) today announced it has appointed Tom G. Conforti, G.J. Hart and David A. Pace as new independent directors, effective immediately. The appointments were made after a search by the Board’s Nominating & Governance Committee with the assistance of The Elliot Group, a leading executive search firm in the restaurant industry. As part of this board refresh, Pattye Moore, Board Chair and interim Chief Executive Officer, will retire from the Board after a CEO transition, and Stuart Oran has decided not to stand for re-election at the 2020 Annual Meeting of Shareholders.
- Zacks
RRGB vs. NDLS: Which Stock Should Value Investors Buy Now?
RRGB vs. NDLS: Which Stock Is the Better Value Option?
- Barrons.com
Immersion, Acacia, Mirum, and Other 13D Filings
Red Robin Gourmet Burgers is in the Activist Spotlight, under pressure to begin an auction of the company.
- Yahoo Finance
America’s favorite and least favorite fast-food burgers: survey
Burgers are one of America’s favorite foods, but there’s one clear winner among American burger chains, according to a new survey.
- Bloomberg
Impossible Foods Gets FDA Color Nod, Plans Output Expansion
(Bloomberg) -- The Impossible Burger, so far only available at restaurants, could finally be making its way to U.S. grocery store shelves, giving chief rival Beyond Meat Inc. a new competitor inside retail. It also announced on Wednesday plans to produce more of the meat-free patties through a new collaboration.In response to a petition submitted by Impossible Foods, the Silicon Valley-based maker of the eponymous burger, the U.S. Food and Drug Administration has amended its rules to call the use of soy leghemoglobin safe as a color additive in imitation beef, clearing a key hurdle in the company’s push to sell raw product inside grocery stores.The rule change is effective Sept. 4, though petitioners still have a chance to file objections. The original petition filed in December specified that heme could “not exceed 0.8% by weight” of the final product.“Should no objections be raised, the direct-to-consumer sale of uncooked, red-colored ground beef analogue products containing soy leghemoglobin will be allowed,” the FDA said in a statement.Output DealSeparately, the company said it had signed a deal with global food producer OSI Group to expand production. OSI will begin making the Impossible Burger starting next month, adding short-term capacity to Impossible’s own Oakland, California factory. “OSI has already installed equipment to make the Impossible Burger, and we’ll start seeing new capacity every week,” Impossible’s Senior Vice President of Product and Operations Sheetal Shah said in the statement.The production announcement comes after a monthslong shortage of the popular soy-based beef replacement. Impossible Foods recently moved to three, 8-hour shifts from two, 12-hour shifts in July.Color AdditiveSoy leghemoglobin, or “heme,” is the ingredient that gives the Impossible Burger its essential meat-like flavor. Red in hue, it hadn’t previously been formally approved as a safe color additive, meaning retailers couldn’t let individual consumers purchase the uncooked product the way they can buy and bring home raw Beyond Meat patties.That’s meant Impossible Foods has been limited to selling inside restaurants. It’s offered at large restaurant chains Red Robin and White Castle, and it has inked a deal to be sold in all 7,300 Burger Kings nationwide by the end of the year.“We are in the midst of a revolution in food technology that in the next 10 years will likely lead to more innovations in food and ingredient production than there have been in the past half century,” said Dennis Keefe, director of the Office of Food Additive Safety in the FDA’s Center for Food Safety and Applied Nutrition. “As these new products and ingredient sources come to the market, the FDA has a responsibility to provide the appropriate regulatory oversight to protect public health by ensuring that these new foods and food ingredients are safe.”To contact the reporter on this story: Deena Shanker in New York at dshanker@bloomberg.netTo contact the editors responsible for this story: Anne Riley Moffat at ariley17@bloomberg.net, Jonathan RoederFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- PR Newswire
New Red Robin Survey Reveals 73% of Children Wish They Had More Time to Connect With Their Family
In honor of Red Robin's new marketing campaign, "All the Fulls," the casual dining chain commissioned a OnePoll survey to find out what kids today really want and is encouraging guests, big and small, to connect with one another by showing off their playful side. The survey found 70% of parents wish they had more time to connect with their children, and 73% of children wish they had more time to connect with their parents – providing an opportunity for Red Robin to bring the family together over a craveable menu and invaluable experiences. "Red Robin has long been a place for families to connect, and we want our restaurants to be a place for families to bond and find moments of joy," said Jonathan Muhtar, executive vice president and chief concept officer at Red Robin.
- Yahoo Finance
Dunkin' enters the plant-based meat craze by joining forces with Beyond Meat
Dunkin' gets into the red-hot plant-based meat game via a new deal with Beyond Meat.
- Yahoo Finance
Why Chipotle hasn't joined forces with plant-based meat kings Impossible Foods and Beyond Meat
Chipotle CEO Brian Niccol explains to Yahoo Finance why the burrito chain hasn't entered the plant-based meat craze.
- Motley Fool
Why Red Robin Gourmet Burgers, Gannett, and Skechers USA Jumped Today
These stocks held onto their gains even as the market sagged throughout the session.
- InvestorPlace
Red Robin News: RRGB Stock Sizzles on Buyout Buzz
Red Robin news for Friday concerning a buyout offer has RRGB stock heading higher.Source: Shutterstock Red Robin (NASDAQ:RRGB) has received an unsolicited offer from investor Vintage Capital that would having it buying up the rest of the company's stock for $40 per share in cash. This represents a roughly 31% premium over the stock's closing price on Thursday. It's also a 57% premium over the stock's unaffected price from June 12, 2019.This is far from the first time that Vintage Capital has made such an offer for Red Robin. It did the same thing early in June. However, at that time the investor was taking a much more hostile stance in its negotiations.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThat previous Red Robin news still included the offer of $40 per share for RRGB stock. However, it was also critical of the company's Board of Directors. This includes chastising them for adopting a poison pill strategy. The investor also wasn't happy with the slow search for a replacement CEO. * 10 Tech Stocks That Are Still Worth Your Time (And Money) Vintage Capital sounds much less threatening in its most recent letter to Red Robin."We are pleased we have begun a constructive dialogue. We hope that this dialogue continues, as we are confident that our Proposal is in the best interest of the Company's stockholders."Despite this, the company says it is still willing to call a meeting of shareholders in an effort to oust the Red Robin Board of Directors if the group doesn't engage with it in this matter.RRGB stock was up 9% as of noon Friday. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Tech Stocks That Are Still Worth Your Time (And Money) * 7 Marijuana Stocks With Critical Levels to Watch * 7 of the Best Smart-Beta ETFs to Target Right Now As of this writing, William White did not hold a position in any of the aforementioned securities.The post Red Robin News: RRGB Stock Sizzles on Buyout Buzz appeared first on InvestorPlace.
- MarketWatch
Red Robin shares soar after activist investor offer
Red Robin Gourmet Burgers Inc. stock jumped 13% in Friday trading after the restaurant chain confirmed that it has received an unsolicited conditional proposal from Vintage Capital Management to acquire all outstanding common shares at $40 apiece in cash. Red Robin said in a statement that it will carefully review the proposal. Vintage Capital already owned 1.5 million Red Robin shares, or 11.6%. Vintage Capital previously urged Red Robin to consider strategic alternatives, including a sale, and said it was prepared to make this offer. Red Robin stock is down 31% over the past year while the S&P 500 index is up 7% for the period.
- Benzinga
Red Robin Trades Higher After Acquisition Interest
Vintage Capital Management has sent a proposal to acquire Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB ) outstanding common shares for $40.00 per share in cash. The Red Robin board is reviewing and considering ...
- American City Business Journals
Red Robin shareholder makes $519M offer to buy restaurant chain
Red Robin Gourmet Burgers' third-largest shareholder officially offered to buy the company for nearly $519 million on Thursday, following up on a move it warned it would make last month if the Greenwood Village-headquartered restaurant chain did not undertake a review of all strategic options, including the potential sale of the company. Vintage Capital Management LLC of Orlando, which owns 11.6% of the full-service chain's common stock, formally presented the request in a letter to board chairwoman and interim CEO Pattye Moore. As previously indicated, it offered to pay $40 per share of outstanding stock — a 32.3% premium over the $30.24 at which Red Robin (Nasdaq: RRGB) shares were trading at the end of the day Wednesday, but not as big a jump as when it made its initial unofficial offer on June 12 and the share price was $25.46.
- CorpGov.com
With Drexel Burnham-Style Bid on the Table, Red Robin Board Could Use a Friend
By John Jannarone Vintage Capital’s Brian Kahn just put his money where his mouth is – 1980s style. The activist investor, which built an 11.6% stake in Red Robin Gourmet Burgers (ticker: RRGB) and had previously said it was willing to make a $40 a share offer, has made a “non-binding proposal” to acquire the […]
- MarketWatch
Red Robin shares soar 17% on resubmitted bid from Vintage Capital
Shares of Red Robin Gourmet Burgers jumped 17% in extended trading Thursday after it confirmed it has received an unsolicited proposal from private-equity firm Vintage Capital Management LLC to acquire all of the outstanding common shares of Red Robin for $40 per share in cash. Last month, Red Robin turned down a request for a special meeting with stockholders initiated by Vintage, which already owns a piece of the restaurant chain.
- Business Wire
Red Robin Confirms Receipt of Unsolicited Conditional Proposal from Vintage Capital
Red Robin Gourmet Burgers, Inc. (RRGB) (“Red Robin” or the “Company”) today confirmed it has received an unsolicited conditional proposal from Vintage Capital Management, LLC (“Vintage”) to acquire all of the outstanding common shares of Red Robin for $40.00 per share in cash. Red Robin’s Board of Directors and management team are committed to acting in the best interests of the Company and all shareholders. Consistent with its fiduciary duties and in consultation with its independent legal and financial advisors, the Red Robin Board will carefully review and consider the proposal to determine the course of action it believes is in the best interests of the Company’s shareholders.
- American City Business Journals
Red Robin blasts 'deficiencies' in activist shareholder's latest request
The restaurant chain is in a public fight with its third-largest shareholder over how to turn around its struggling in-store sales.
- American City Business Journals
Former Microsoft employees plan pizzeria in original Red Robin location (Photos)
Loew, who grew up in Chicago, and Genna, of New York, are bringing the "powerhouse" styles of pizza to Seattle, Genna said. The restaurant will pay homage to the heritage of those styles and nod to Red Robin with its brick esthetic and mural.
- Zacks
Red Robin (RRGB) Down 1% Since Last Earnings Report: Can It Rebound?
Red Robin (RRGB) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- CorpGov.com
Nasdaq Launches Center for Corporate Governance, First Report Highlights Focus on Stakeholders Beyond Shareholders
Martyn Chapman Named Executive Director of Nasdaq Center for Corporate Governance By John Jannarone Nasdaq Inc. has launched the Nasdaq Center for Corporate Governance, an information and research platform dedicated to supporting boards, senior executives, and governance professionals at public, private, and nonprofit organizations. Nasdaq, which works with 4,000 companies listed on its global exchanges […]
- Insider Monkey
Here’s What Hedge Funds Think About Red Robin Gourmet Burgers, Inc. (RRGB)
Before we spend countless hours researching a company, we like to analyze what insiders, hedge funds and billionaire investors think of the stock first. This is a necessary first step in our investment process because our research has shown that the elite investors' consensus returns have been exceptional. In the following paragraphs, we find out […]
