|Bid||29.83 x 800|
|Ask||29.89 x 900|
|Day's Range||29.55 - 30.16|
|52 Week Range||25.27 - 67.10|
|Beta (3Y Monthly)||1.24|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 20, 2019 - May 24, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||31.11|
Red Robin's (RRGB) brand transformation, menu innovation and digital enhancements are expected to aid top-line growth while soft comps, high expenses and limited international presence pose concern.
Hamburger chain Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB ) announced Wednesday that CEO Denny Marie Post will step down immediately, and the company simultaneously pre-announced disappointing first-quarter ...
said CEO Denny Marie Post retired Wednesday and the board has formed a search committee to seek her successor. Pattye Moore, chairman, was appointed interim chief executive, the company said in a statement. "The board intends to move quickly on the search process as the company continues to execute our turnaround plan in this challenging and rapidly evolving casual-dining landscape," Moore said.
Red Robin Gourmet Burgers Inc. shares sank 6% in Thursday premarket trading after the restaurant chain announced its chief executive's resignation and a 3.6% decline in same-store sales for the first three periods of the first fiscal quarter, on a constant currency basis. CEO Denny Marie Post is stepping down following a meeting with the board, effective April 3, 2019. Board Chair Pattye Moore will serve on an interim basis while a search committee finds a successor. Moore blamed the "challenging weather" in a number of U.S. regions for the same-store sales decline. The FactSet consensus is for a 2.1% decline. "We attribute the weakness to the competitive environment but also the company's decision, starting in the first quarter last year, to significantly reduce labor hours in the stores, which we believe directly impacted service and, subsequently, traffic," wrote Quo Vadis president John Zolidis in a note. "Accordingly, we believe the company will need to reinvest in labor to bring back service levels and customer visits, but even absent that we expect a rude reset of the outlook. We would continue to avoid Red Robin shares." The company's stock has rallied 5.6% in 2019, but has taken a 52.5% nosedive over the last year. The S&P 500 index is up 8.7% for the last 12 months.
Post was the author of a ground-shaking plan to pivot away from store openings and toward increasing off-premise sales for the Greenwood Village-headquartered chain.
Red Robin CEO Denny Marie Post has announced her retirement and will leave her position effective immediately, the company announced today. Board chair Pattye Moore will be stepping in as interim CEO while Red Robin conducts its search for a replacement. Post has served in various executive roles at Red Robin for the past eight […]
Red Robin Gourmet Burgers Inc. said late Wednesday that Chief Executive Denny Post will retire effective Wednesday. Red Robin said that the company has formed a search committee to find a replacement and in the interim has appointed board chair Pattye Moore temporary CEO. Red Robin stock was down less than 1% in the extended session. Red Robin shares fell 1.1% during the regular session Wednesday, as the S&P 500 index rose 0.2%.
Red Robin Gourmet Burgers, Inc., (RRGB), a full-service restaurant chain serving an innovative selection of high-quality gourmet burgers in a family-friendly atmosphere, today announced that following discussions with the Board of Directors, Denny Marie Post has chosen to retire as President and CEO on April 3, 2019. The Board of Directors has formed a search committee to identify her successor and also appointed Pattye Moore, Board Chair, as Interim CEO.
New Plant-based Protein Option from the Gourmet Burger Authority is Perfect for Flexitarians and Burger Lovers GREENWOOD VILLAGE, Colo. , March 29, 2019 /PRNewswire/ -- Red Robin takes its menu of innovative, ...
Red Robin (RRGB) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Red Robin has bought into the vegan burger craze. The casual dining chain, known for its menu featuring dozens of gourmet burger iterations, has partnered with Impossible Foods to launch the Impossible Cheeseburger, its first foray into plant-based protein burgers. The new menu item will be available across all of Red Robin’s 570 locations in […]
Red Robin Gourmet Burgers, Inc., (RRGB), a full-service restaurant chain serving an innovative selection of high-quality gourmet burgers in a family-friendly atmosphere, today announced that it has retained The Cypress Group, a leading restaurant and franchise investment banking firm, (“Cypress”) to manage the Company’s previously announced refranchising initiative. “Strategically refining our real estate portfolio and pursuing development opportunities with high-quality franchisees is a key component of future growth for Red Robin. “We will be working with The Cypress Group to determine which markets may make sense for strategic franchising in addition to the approximately 100 existing Red Robin locations we have previously identified.
Red Robin Gourmet Burgers (RRGB) has been unfairly punished by the market for more than a year now. Warning! GuruFocus has detected 4 Warning Signs with RRGB. It has been slow in shifting to home delivery as its customers have done so more rapidly than Red Robin anticipated.
In 2016 Denny Post was appointed CEO of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB). This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization.Read More...
Red Robin (RRGB) delivered earnings and revenue surprises of 13.16% and -0.62%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
Wall Street analysts are scaling back their outlooks for restaurant stocks—but some of those stocks keep going up anyway, according to new research.
Donatos expansion efforts could take flight with some help from Red Robin. The Gahanna-based pizzeria and the Colorado-based casual burger chain quietly have been working together for several months, testing a combination of the two concepts with a scaled-down Donatos menu alongside Red Robin’s signature burgers in 24 of that chain’s restaurants. For Donatos, it could be a new avenue to grow the 160-unit business, which is spread across nine states.
After suffering through a “very disappointing” 2018, Red Robin Gourmet Burgers (Nasdaq: RRGB) leaders outlined a five-part plan on Tuesday designed to return the struggling Greenwood Village-based chain to positive revenue growth and to same-store sales growth in 2019. For the full 2018 fiscal year, company officials reported during an earnings call, Red Robin saw revenues fall 3.5 percent to $1.5 billion, leaving the company with a $6.4 million net income loss. Adjusted earnings per share fell 30.5 percent to $1.73, while comparable restaurant sales dropped by 2.6 percent.