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RRGB

Red Robin Gourmet Burgers, Inc.

5/25/2013, 1:25 AM ET

Quote & Headlines Market Currents StockTalk

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Tuesday, May 21, 8:44 AM More on Red Robin Gourmet's (RRGB) Q1: Company-owned comparable restaurant revenues rose 2.2% Y/Y. Operating profit margin up 30 bps to 21.5% on lower food and beverage costs. The outlook for 2013 includes comparable restaurant sales growth of 2.5% to 3.0% and operating profit margin of 20.9%. (PR) Comment! [Consumer, Earnings]
Tuesday, May 21, 8:39 AM Red Robin Gourmet (RRGB): Q1 EPS of $0.66 in-line. Revenue of $306.3M (+2.3% Y/Y) misses by $0.06M. (PR) Comment! [Earnings, Breaking News]
Friday, May 10, 9:04 AM Northcoast Research upgrades Red Robin Gourmet Burgers (RRGB) to a Buy rating from Neutral. The restaurant operator could benefit from a shift by McDonald's and Wendy's toward promoting their value menus instead of premium burgers. Comment! [Consumer]
Wednesday, April 24, 9:40 AM Red Robin Gourmet Burgers (RRGB +3%) sizzles after a KeyBanc upgrade to Buy from Hold. The bank thinks same restaurant sales gains should be sustainable as "recent visits to test stores and meetings with management" reflect favorably on the company's brand transformation. "Substantial physical changes" to stores and a new menu mean the "most impactful [positive] changes" are yet to come. Comment! [On the Move]
Friday, April 12, 9:51 AM Restaurant sales trends improved in March but remain "fragile," according to a new report from Black Box Intelligence. The sector saw a same-store sales increase of 0.5% during the month compared to February’s decline of 5% - while traffic decreased 2% compared to a 4.2% drop in February. Comment! [Consumer]
Wednesday, April 10, 2:17 PM Restaurant visits by parties of adults grew by 1% last year to end four consecutive declines in the category but visits with children in tow showed flat growth once again, according to tracking from the NPD Group. A tripping point for the sector has been the lack of growth in visits by parties with kids. What to watch: Analysts see increased promotional activity sneaking in on the industry's margins. 5 Comments [Consumer]
Monday, March 25, 2:30 PM Restaurant blues: The consensus estimate of economists for consumer spending growth in February is for a 0.6% gain after the measure rose 0.2% in January but don't expect restaurants to report strong numbers for Q1. Inside tracking and guidance warnings from key companies indicate that the sector is feeling the pressure of higher payroll taxes. Major chains also face a tough period of comparable with last year's winter much milder on average in the U.S. 4 Comments [Consumer]
Friday, February 22, 8:50 AM The restaurant sector is on watch after a pre-earnings warning from Darden Restaurants (DRI) and a harsh downgrade on Wendy's (WEN) sets a negative tone. The picture being painted for 2013 is starting to get pretty consistent - margin pain and soft traffic trends. Other things to watch in 2013 for the sector: 1) The impact of higher payroll taxes. 2) The coming costs of the Affordable Care Act. 3) The push to raise the minimum wage. 4) Which chains can succeed in China and India? 5 Comments [Consumer]
Wednesday, February 20, 10:30 AM Restaurants could feel a pinch from U.S. consumers pressured by higher payroll taxes and gas prices, writes Chris Versace, echoing a recurring theme. Stocks which look especially vulnerable due to the macroeconomic trend include Red Robin Gourmet Burgers (RRGB -2%), Buffalo Wild Wings (BWLD -1.5%), Darden (DRI +0.6%), Cheesecake Factory (CAKE +0.5%), and Chipotle (CMG -0.5%). Comment! [Consumer]
Tuesday, February 19, 12:53 PM Midday top 10 gainers: NVGN +134%. PVFC +53%. CMGE +42%. TELOZ +41%. EMITF +37%. ZIPR +24%. RRGB +20%. OMX +20%. GSB +18%. LOAN +18%.
Midday top 10 losers: MYRX -95%. CPSL -35%. GMXR -29%. DGIT -25%. SNFCA -20%. EHTH -17%. CIMT -16%. RVLT -13%. MARK -13%. PERY -12%. Comment! [On the Move]
Tuesday, February 19, 9:45 AM Red Robin Gourmet Burgers (RRGB +18.1%) storms out of the gate after another solid beat, its fifth in a row. Margins expanded by 0.7% to 20.6%, guest counts rose by 0.3%, and checks rose by 1.1%. RRGB sees 2.5-3% comp growth in 2012, and plans to open 20 new restaurants vs. just 3 in 2012. Comment! [Earnings, On the Move]
Tuesday, February 19, 7:55 AM Red Robin Gourmet (RRGB): Q4 EPS of $0.59 beats by $0.13. Revenue of $240.7M beats by $8.69M. Shares +2.7% premarket. (PR) Comment! [Earnings, Breaking News, On the Move]
Wednesday, February 13, 10:14 AM Margin pain on the horizon: Restaurants could get squeezed this year from a combination of higher commodity costs and frugal consumers, according to AlixPartners. Though traffic is forecast to rise 3%, the average ticket is expected to decline 4.7% with coupons, promotions, and discounts gaining favor. Chains that are expected to ride out the expected tough environment are those that can deliver healthy food fast. Chipotle (CMG -1.8%), privately-held Subway, and Panera (PNRA -1.5%) fit the bill. 6 Comments [Consumer]
Wednesday, January 9, 6:50 AM Hedgeye says current employment trends show a potential deceleration of employment growth in the casual dining restaurant sector as compared to the broader economy. According to the firm, the data suggests a possible slowing of casual dining sales as a result. 5 Comments [Consumer]
Tuesday, December 4, 2012, 9:09 AM The restaurant sector is on watch after a profit warning from Darden Restaurants points to weakness, not in Europe or China, but at home in the U.S. While increased promotional activity in the sector is behind part of the slip from Darden, the bigger question is why are sales so weak for big players if consumer confidence is supposedly bouncing back? 12 Comments [Consumer, On the Move]
Monday, November 19, 2012, 6:10 PM Red Robin Gourmet Burgers (RRGB) extends its stock buyback program that was set to expire at the end of the year, reauthorizing up to $50M of company shares starting on January 1, 2013, and concluding once the full amount of stock is bought. Comment! [Consumer]