Red Robin Gourmet Burgers (RRGB) Tops Q4 EPS by 5c, Revenues Miss, Comp. Sales Down 4.5%; Offers FY19 EPS Guidance

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Go back to Red Robin Gourmet Burgers (RRGB) Tops Q4 EPS by 5c, Revenues Miss, Comp. Sales Down 4.5%; Offers FY19 EPS Guidance

Maxim Group Downgrades Red Robin Gourmet Burgers (RRGB) to Hold

February 27, 2019 8:22 AM EST

Maxim Group analyst Stephen Anderson downgraded Red Robin Gourmet Burgers (NASDAQ: RRGB) from Buy to Hold with a price target of $29.00 (from $46.00) following mixed Q4 results and lackluster guidance.

Anderson said visibility remains limited on a the turnaround store while... More