RRGB - Red Robin Gourmet Burgers, Inc.
| Previous Close | 35.25 |
| Open | 35.32 |
| Bid | 0.00 x 1400 |
| Ask | 0.00 x 900 |
| Day's Range | 34.49 - 35.85 |
| 52 Week Range | 24.57 - 41.15 |
| Volume | 185,473 |
| Avg. Volume | 367,540 |
| Market Cap | 457.497M |
| Beta (3Y Monthly) | 1.66 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.56 |
| Earnings Date | Nov 4, 2019 - Nov 8, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 34.67 |
- Barrons.com
First United, Sunrun and Other 13D Filings
Driver Management revealed on Sept. 5 that it holds 360,637 shares of the community bank, equal to nearly 5.1% of the outstanding stock. Driver continued that First United “lacks scale to justify an elevated expense base” and possess a branch network that has been unable to “create sufficient operating leverage due to lackluster organic loan growth.” Driver recommends that a sale to a larger peer would be the best route to enhance shareholder value. It believes that such a move would “unlock the value of [First United’s] high-quality deposit franchise and attractive trust and wealth management businesses,” and also lift shareholder value without the “risk and uncertainty” of First United attempting to scale-up its business on its own.
- American City Business Journals
Activist Red Robin shareholder issues warning regarding future of company
The move comes five days after the chain rejected its $519 million takeover bid and hired a new CEO.
- Benzinga
Red Robin Reiterates That Vintage Capital's Proposal Undervalues The Company
Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) has responded to a letter from private-equity firm Vintage Capital Management, LLC stating it “undervalues” the company. In July, Vintage Capital said it's willing to pay $40 a share for Red Robin Gourmet Burgers Inc. and contacted the restaurant chain to launch a review of alternatives. "As previously announced, the Red Robin Board carefully reviewed and considered Vintage's proposal, consistent with its fiduciary duties and in consultation with its legal and financial advisors.
- Business Wire
Red Robin Issues Statement in Response to Vintage Capital
The Red Robin Board and management team are focused on executing the Company’s strategic plan to restore growth and improve profitability. The Board appreciates input from all shareholders toward our shared goal of enhancing value and will continue to review the Company’s strategic priorities against all potential opportunities to create shareholder value. Consistent with our stated priorities, last week we announced that Paul J.B. Murphy III will join Red Robin as President, Chief Executive Officer and a member of the Company’s Board of Directors, effective October 3, 2019.
- PR Newswire
Red Robin Gourmet Burgers and Brews Celebrates National Cheeseburger Day with a $5 Gourmet Cheeseburger and Bottomless Steak Fries® Deal
With the Purchase of Any Regular-Sized Beverage, Guests Can Enjoy the Juicy Deal from The Gourmet Burger Authority™ on Sept. 18 GREENWOOD VILLAGE, Colo. , Sept. 10, 2019 /PRNewswire/ -- Cheeseburger lovers, ...
- Zacks
Red Robin Rejects Vintage Capital Buyout Offer, Appoints CEO
Red Robin (RRGB) turns down Vintage Capital Management's offer to acquire 100% of the company's shares for $40 per share.
- CorpGov.com
Red Robin Gives Activist Investor the Bird
By John Jannarone Red Robin Gourmet Burgers, Inc. (ticker: RRGB) has done what activist Brian Kahn of Vintage Capital Management doubted was possible without his help: Find a credible CEO to attempt a turnaround. The question is whether shareholders will still be left hungry. The struggling burger chain announced Thursday it had hired restaurant veteran […]
- American City Business Journals
Red Robin hires new CEO, rejects takeover offer
The dual moves end a months-long period of uncertainty that began when its former CEO stepped down and its third-largest shareholder made an unsolicited offer to buy the Greenwood Village-based restaurant chain.
- MarketWatch
Red Robin Gourmet Burgers rejects hostile buyout bid, stock falls
Red Robin Gourmet Burgers Inc. said Thursday that its board of directors "unanimously rejected" Vintage Capital Management's hostile buyout bid of $40 a share. The restaurant chain's stock slumped 0.7% in morning trading, and was 19.2% below the $40 level. Red Robin said the board determined that Vintage's bid "undervalues" the company and "is not in the best interest of all shareholders," noting that Vintage's proposal is conditional and contains uncertainty with respect to the likelihood of completion. The company said it believes the current strategic plan being implemented will deliver greater long-term value for shareholders than Vintage's bid. Separately, Red Robin said it named Paul Murphy as its chief executive officer, effective Oct. 3, succeeding Pattye Moore who was named interim CEO in April. Murphy was executive chairman of Noodles & Co. from 2017 to 2019, and CEO of Del Taco Restaurants from 2009 to 2017. Red Robin's stock has rallied 22.4% over the past three months, while the S&P 500 has gained 5.2%.
- American City Business Journals
Denver-area restaurant chains take aim at high third-party delivery fees
Many consumers see the boom in third-party delivery services as a panacea — a way to order whatever they want from a wide variety of restaurants without ever leaving the couch. Eateries pay fees ranging between 15% and 30% on every order to DoorDash, Grubhub, Uber Eats and others, in addition to extra fees that some companies charge for credit-card processing. Most companies also keep the information about patrons who order through their websites and apps, leaving chain restaurants in particular without valuable knowledge as to who their customers are and what they want.
- GuruFocus.com
Why Red Robin Can Recover
The company’s revised strategy could catalyze its financial prospects Continue reading...
- Motley Fool
Red Robin: We Are at an "Inflection Point"
The burger chain's turnaround may finally be taking hold.
- Benzinga
Red Robin Poised To Disappoint Street In 2020, BofA Says In Downgrade
Street expectations call for hamburger chain Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB ) to modestly grow EBITDA in 2020 — an assumption Bank of America Merrill Lynch said is unlikely to play out. ...
- TheStreet.com
Red Robin Gourmet Burgers Shares Seared After Analyst Downgrade
B of A Merrill Lynch affirmed its price target for Red Robin at $30 a share. The firm is concerned that earnings growth next year will come up short of Wall Street expectations.
- TheStreet.com
3 Ways to Play a Strong Dollar
In our previous article, we looked at three stocks that stand to lose ground on the strong dollar. All of the stocks featured in the previous article were heavily exposed to overseas markets, particularly the European markets. Despite the fact that the European Central Bank hasn't raised interest rates in over a decade, the economies of Europe continue to underperform.
- Thomson Reuters StreetEvents
Edited Transcript of RRGB earnings conference call or presentation 23-Aug-19 12:30pm GMT
Q2 2019 Red Robin Gourmet Burgers Inc Earnings Call
- Zacks
Red Robin's (RRGB) Q2 Earnings & Revenues Beat Estimates
Red Robin's (RRGB) top line in second-quarter 2019 decreases year over year due to soft restaurant revenues.
- Zacks
Red Robin (RRGB) Looks Good: Stock Adds 5.9% in Session
Red Robin (RRGB) saw a big move last session, as its shares jumped nearly 6% on the day, amid huge volumes.
- Zacks
Yum China to Take Over Controlling Stake in Huang Ji Huang
Yum China (YUMC) relies on acquisitions to drive revenues. To this end, it recently acquired a controlling interest in Huang Ji Huang for digging deep into the Chinese dining space.
- Motley Fool
Why Pivotal Software, Carbon Black, and Red Robin Gourmet Burgers Jumped Today
Bad news from China took a bite out of the stock market.
- American City Business Journals
Struggling Red Robin reports improved earnings, but is still losing same-store sales
The results come while Red Robin is in the midst of a search for a permanent CEO after former leader Denny Marie Post stepped down in April.
Motley FoolRed Robin Gourmet Burgers Inc. (RRGB) Q2 2019 Earnings Call Transcript
RRGB earnings call for the period ending June 30, 2019.
- Zacks
YUM! Brands' KFC Unveils New Bowl Meal, Eyes Innovation
YUM! Brands' (YUM) celebrated brand KFC is set to benefit from the latest introduction of Mac & Cheese Bowls.
