3 Key Takeaways From Red Robin’s Terrible 3rd Quarter

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.

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Source: Fool.com