Red Robin Gourmet Burgers (RRGB) option implied volatility at high end of range into Q1

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Red Robin Gourmet Burgers (RRGB) PT Lowered to $75 at Stephens Following 1Q

May 23, 2018 6:41 AM EDT

Stephens lowered its price target on Red Robin Gourmet Burgers (NASDAQ: RRGB) to $75.00 (from $80.00) while maintaining a Overweight rating following the company's 1Q earnings report. RRGB missed 1Q expectations, with SSS declining -0.9% vs. consensus of +0.7%. Adjusted EPS of $0.69 was in-line with guidance and... More