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Jefferies analyst Alexander Slagle lowered his price target on Red Robin Gourmet Burgers (NASDAQ: RRGB) to $80.00 (from $90.00) but maintained a Buy rating calling it a cheap way to play a possible casual dining upturn.
Slagle commented, "Highlight of 4Q release is better than... More
Red Robin Gourmet Burgers (Nasdaq: RRGB) reported Q4 EPS of $0.86, $0.04 better than the analyst estimate of $0.82. Revenue for the quarter came in at $286.3 million versus the consensus estimate of $294.33 million.
Comparable restaurant revenue decreased 2.0% from the same period a year ago (using constant currency rates)
Outlook for 2016
Red Robins 2016 fiscal year consists of 52 weeks and will end on December... More

