RED ROBIN (RRGB)
EARNINGS RELEASE - AUGUST 11 (AMC)
EARNINGS EXPECTATIONS:
THIS QTR: EPS: -3.30/share REV: 166/M
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LAST QTR: EPS: -.45/share ACTUAL: -1.73/share (MISS)
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NEXT QTR: EPS: -1.62/share REV: 219/M
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FULL YR: EPS: -11.40/share REV: 948/M
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BEAT/MISS RECORD: 57% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) -14.04, 18.49, -13.25
EXPECTED JUMP MOVE THIS QUARTER: 12%
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*** With market volatility at extremes there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before tradin
Links To Latest News and Headlines
Red Robin Gourmet Burgers and Brews is thanking the brave men and women of the military. Beginning on Thursday, Nov. 12, Red Robin is inviting all their Military Royalty members to enjoy any FREE Tavern burger served with Bottomless Steak Fries® at participating restaurants nationwide. While typically Red Robin makes the offer available each year on Veterans Day, Red Robin’s offer this year begins the following day, Nov. 12 through Nov. 30th. The change is in the hope of alleviating crowds on Veterans Day, ensuring the correct seating capacity and keeping employees and veterans safe from COVID-19. This year’s program allows Military Royalty members to dine-in or place a to-go order when it’s most convenient for them.
Moody’s Investors Service (“Moody’s”) today assigned a B3 rating to Sizzling Platter LLC’s (“Sizzling Platter”) proposed $325 million senior secured notes. In addition, Moody’s assigned Sizzling Platter a B3 Corporate Family Rating (CFR) and B3-PD Probability of Default Rating (PDR). Ratings are subject to the execution of the proposed transaction and Moody’s receipt and review of final documentation.
Shares of Red Robin Gourmet Burgers (NASDAQ: RRGB) rose 18.4% in September, according to data from S&P Global Market Intelligence, after telling investors early in the month its business was improving as comparable sales improved ever so slightly as the weeks progressed. CEO Paul Murphy III believed it was the beginning of steady improvement going forward. “Looking ahead, we expect to build further momentum from the implementation and related seating expansion of all-weather tents and booth partitions by early in the fourth quarter along with indoor dining rooms beginning to reopen in California,” he said in a statement.
Red Robin (RRGB) is likely to benefit from operational enhancements. However, high operating costs and low traffic due to coronavirus are concerning.
The restaurant industry continues to evolve their operations to survive the pandemic. Notably, increased focus on the off-premise business and technology-driven initiatives bodes well.
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Avg Daily Volume: 1,230,999 Market Cap: 101.24M
Sector: Services Short Interest: 54.84
Ticker delayed 20 minutes
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