RRGB - Red Robin Gourmet Burgers, Inc.
| Previous Close | 33.48 |
| Open | 34.65 |
| Bid | 32.93 x 4000 |
| Ask | 34.24 x 1000 |
| Day's Range | 32.85 - 35.48 |
| 52 Week Range | 24.57 - 54.95 |
| Volume | 2,078,709 |
| Avg. Volume | 449,920 |
| Market Cap | 429.178M |
| Beta (3Y Monthly) | 1.53 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.78 |
| Earnings Date | Aug 19, 2019 - Aug 23, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 30.22 |
- Benzinga•2 days ago
BTIG: Vintage Capital's Offer To Red Robin Undercooked
Activist investor Vintage Capital Management sent a letter to Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB ) urging the board to review strategic alternatives — including a sale to the activist investor. ...
- Benzinga•2 days ago
A Look At Benzinga Pro's Most-Searched Tickers For June 14
This most-searched list is a feature included in Benzinga Pro's Newsfeed tool. It highlights stocks frequently searched by Benzinga Pro users on the platform. ArQule, Inc. (NASDAQ: ARQL ) shares were up ...
- Bloomberg•2 days ago
Impossible Burger Shortages Hit White Castle and Red Robin
Calls to a dozen Red Robins and the same number of White Castles on Thursday found that only two locations of each chain had Impossible Foods Inc.’s patties available. White Castle said on Friday the patties would be back no later than June 17.
Motley Fool•2 days agoWhat Sent Beyond Meat Shares Nearly 12% Higher Friday Morning?
As plant-based meat demand grows, some competitors are struggling to keep up.
- Zacks•2 days ago
Red Robin (RRGB) Shares Rise on Vintage Capital Buyout Offer
Vintage Capital Management LLC offers to acquire 100% shares of Red Robin (RRGB).
- Motley Fool•3 days ago
Why Red Robin Gourmet Burgers, Callaway Golf, and Summit Materials Jumped Today
A big day for mergers and acquisitions helped lift these stocks.
- MarketWatch•3 days ago
Red Robin's stock soars toward biggest-ever one-day gain; co. responds to activist calls for strategic review
Shares of Red Robin Gourmet Burgers Inc. rocketed 31.1% in afternoon trading, putting them on course for the biggest one-day gain since the burger chain went public in July 2002, after an activist investor said it was prepared to launch a buyout bid. Earlier, Vintage Capital Management LLC, Red Robin's third-largest shareholder, urged the company to pursue strategic alternatives, including a potential sale, and was prepared to bid $40 a share in an auction for the company's shares. Vintage said it has explained to the Red Robin's board "on a number of occasions" that it hoped to collaborate on recruiting an "A+" operator to fill the chief executive role. Red Robin responded to Vintage by saying it was "surprised by the content of the letter" since Red Robin had expressed its openness to Vintage's participation in its search for a CEO, but Vintage has so far not been willing to propose any candidates. The company added that it remained open to all opportunities to create value, and would "of course consider any bona fide offer" made by Vintage to buy the company. Red Robin's stock was still down 37% over the past 12 months while the Dow Jones Industrial Average has gained 3.4%.
- Business Wire•3 days ago
Red Robin Issues Statement in Response to Vintage Capital
Red Robin welcomes open dialogue with its shareholders and appreciates input towards the goal of enhancing shareholder value. In multiple conversations with Vintage, we have expressed our openness to Vintage’s participation in our ongoing search to identify a world-class CEO, and to maintaining a constructive dialogue. Given our dialogue to date, we were surprised by the content of the letter we received today, as Vintage has not been willing to propose any CEO candidates.
- American City Business Journals•3 days ago
Red Robin shares spike after activist investor offers to buy struggling company
The investor threatens a proxy fight to oust board members if leaders refuse to look into possible sale of Greenwood Village-based restaurant chain.
- TheStreet.com•3 days ago
Red Robin Skyrockets After Investor Vintage Capital Makes Takeover Bid
were soaring Thursday after the company said in a Securities and Exchange Commission filing that institutional shareholder Vintage Capital wants to purchase the company outright. Vintage Capital, which holds 1.5 million shares, sent a letter to the company's board offering a bid of $40 a share to acquire 100% of the company in an all-cash transaction. "Our sincere hope, as explained to members of the Board on a number of occasions, was to work collaboratively to recruit an "A+" operator to accept the CEO role and lead Red Robin back to greatness.
- Motley Fool•3 days ago
Why Red Robin Gourmet Burgers Jumped More Than 30% Higher This Morning
An activist investor firm and major shareholder is pushing for big changes to the burger chain's business plan and boardroom composition.
- InvestorPlace•3 days ago
Red Robin News: RRGB Stock Heats Up on Sale Talk
Red Robin news about a possible buyout of the burger chain has RRGB stock up on Thursday.Source: Shutterstock Red Robin (NASDAQ:RRGB) investor Vintage Capital Management sent a letter to the company's Board of Directors on Thursday. In that letter, the investor says that it would be willing to acquire all outstanding shares of RRGB stock.Vintage Capital Management says that it would be willing to pay $40 per share for RRGB stock. This would represent a premium of roughly 57% over the stock's closing price on Wednesday.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe Red Robin news also has Vintage Capital Management putting the company's Board of Directors to task over recent actions. This includes speaking out against it initiating a poison pill strategy earlier this month and delays to the ongoing CEO search.Vintage Capital Management is calling for the Board of Directors to conduct a strategic review of the company's options. If they don't, it says it will hold a special meeting of shareholders in an attempt to remove all current members from the Board. * 7 High-Quality Cheap Stocks to Buy With $10 Vintage Capital Management isn't a small investor in Red Robin either. The company currently holds 1.5 million shares of RRGB stock. This has its stake in the restaurant chain sitting at more than 11.5%. It also makes it the third-largest shareholder in the company.RRGB stock was up 27% as of Thursday morning, but is down 4% since the start of the year. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 High-Quality Cheap Stocks to Buy With $10 * 7 U.S. Stocks to Buy With Limited Trade War Exposure * 6 Growth Stocks That Could Be the Next Big Thing As of this writing, William White did not hold a position in any of the aforementioned securities.Compare Brokers The post Red Robin News: RRGB Stock Heats Up on Sale Talk appeared first on InvestorPlace.
- MarketWatch•3 days ago
Red Robin's stock soars after shareholder said its prepared to make a buyout bid
Shares of Red Robin Grourmet Burgers Inc. ran up 27% in active premarket trade Thursday, after the restaurant chain disclosed that its third-largest shareholder, Vintage Capital Management LLC, said it was prepared to make a buyout bid for the company. In a letter Red Robin's board of directors, Vintage, which owns 1.5 million shares, or 11.5%, of Red Robin's outstanding shares, said it was prepared to pay $40 a share in cash an auction to buy the rest of Red Robin shares that it didn't already own. That would represent a 57% premium to the stock's Wednesday closing price, and would value the company at about $519 million. Earlier this month, Red Robin adopted a shareholder rights plan, known as a poison pill, aimed at protecting the company from a hostile takeover. Vintage said it has sought communication with management to help drive an improvement in the strategic direction and to help recruit "an 'A+' operator" to accept the chief executive officer role, given that "it is clear that many such quality candidates are refusing to entertain the opportunity due to the lack of confidence in the board's leadership and Red Robin's disastrous operating and market performance." Red Robin's stock has tumbled 52% over the past 12 months, while the S&P 500 has gained 3.8%.
- Zacks•5 days ago
Beyond Meat (BYND) Declines After Extraordinary Debut
On Tuesday, shares of Beyond Meat (BYND) are plunging, down over 20% in afternoon trading
- Zacks•9 days ago
Red Robin's Strategic Efforts Bode Well: Should You Hold?
Red Robin (RRGB) banks on sales building efforts, menu innovation and digitalization to revive its performance.
- Thomson Reuters StreetEvents•9 days ago
Edited Transcript of RRGB earnings conference call or presentation 30-May-19 9:00pm GMT
Q1 2019 Red Robin Gourmet Burgers Inc Earnings Call
- American City Business Journals•10 days ago
Struggling Red Robin approves 'poison pill' to discourage activist investors
The company is in the midst of a search for a new CEO following more than a year of same-store sales declines.
- MarketWatch•11 days ago
Red Robin Gourmet Burgers adopts shareholder rights plan
Red Robin Gourmet Burgers Inc. said Wednesday its board has adopted a shareholder rights plan, a move aimed at protecting the company from an unwanted takeover bid. The fast-casual restaurant chain is currently searching for a chief executive and seeking to execute a strategic plan to position the company for long-term growth. On Tuesday, Vintage Capital said in a regulatory filing that it had built an 11.6% stake in the company. "The Board adopted the Rights Plan to deter any entity, person or group from gaining control of Red Robin through the open market or private transactions without paying an appropriate control premium or offering fair and adequate value to all shareholders," Red Robin said in a statement. The board will issue one preferred sock purchase right for each stock owned on June 14. Shares were not active premarket but have fallen 49% in the last 12 months, while the S&P 500 has gained 2%.
- Business Wire•11 days ago
Red Robin Gourmet Burgers, Inc. Adopts Short-Term Shareholder Rights Plan
Red Robin Gourmet Burgers, Inc. (RRGB) (“Red Robin” or the “Company”), a full-service restaurant chain serving an innovative selection of high-quality gourmet burgers in a family-friendly atmosphere, today announced that its Board of Directors has unanimously adopted a short-term shareholder rights plan (“the Rights Plan”) following the Board’s evaluation and consultation with the Company’s advisors. The Rights Plan is similar to plans adopted by other publicly traded companies and is intended to enable all Red Robin shareholders to realize the value of their investment and protect Red Robin from any efforts to obtain control of the Company that are inconsistent with the best interests of its shareholders while Red Robin completes its ongoing CEO search and executes on its strategic plan to position the Company for significant, sustained shareholder value creation and long-term success.
- Motley Fool•16 days ago
Why Constellation Brands, Gap, and Red Robin Gourmet Burgers Slumped Today
On a tough day for the markets, these companies had especially big obstacles to overcome.
- CNBC•16 days ago
Stocks making the biggest moves midday: Constellation Brands, Gap, TiVo & more
Check out the companies making headlines midday Friday:Constellation Brands STZ , Calavo Growers CVGW , Chipotle Mexican Grill CMG — Shares of the Corona and Modelo beer marker fell more than 6% as investors worried tariffs on Mexican goods would increase Constellation Brands' import costs .
- Motley Fool•16 days ago
Red Robin Gourmet Burgers Earnings: Challenges Persist
The restaurant's sales continue to slide as a CEO search goes on.
- Zacks•16 days ago
Red Robin's (RRGB) Q1 Earnings Lag Estimates, Stock Declines
Red Robin's (RRGB) first-quarter 2019 results were hurt by soft traffic and comparable restaurant revenues.
- American City Business Journals•16 days ago
Red Robin to close restaurants as part of turnaround plan
The full-service restaurant chain on Thursday reported a fifth consecutive quarter of decreasing same-store sales.
Motley Fool•16 days agoRed Robin Gourmet Burgers Inc. (RRGB) Q1 2019 Earnings Call Transcript
RRGB earnings call for the period ending March 31, 2019.
