3 Key Takeaways From Red Robin’s Terrible 3rd Quarter
This quarter was one Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) would rather forget. You'll find all the headline numbers here, but the short version was that the company missed on both the top and bottom lines, with management lowering full-year earnings-per-share (EPS) guidance.
In response, shares of Red Robin fell 29% in the post-announcement trading session, wiping out the company's strong year-to-date performance. As of this writing, shares of the restaurant are down 17% year to date while the greater market, as benchmarked by the S&P 500, is up by 15%.
For investors, however, it's prudent to look beyond short-term stock movements. Often the market can harshly sell off a stock on temporary weakness, allowing patient long-term investors to get a better deal. To that end, here are the three key takeaways investors should know before making an investing decision about Red Robin.
Source: Fool.com
Red Robin Gourmet Burgers Inc. Stock
We see a rather positive sentiment for Red Robin Gourmet Burgers Inc. with 6 Buy predictions and 1 Sell predictions.
Based on the current price of 5.55 € the target price of 16 € shows a potential of 188.29% for Red Robin Gourmet Burgers Inc. which would more than double the current price.
