Red Robin's Burger Burned: Can New Activist Investors Turnaround The Company? [Seeking Alpha]
Red Robin Gourmet Burgers, Inc. (RRGB)
Last red robin gourmet burgers, inc. earnings: 2/25 04:05 pm
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US:NASDAQ Investor Relations:
investors.redrobin.com
Company Research
Source: Seeking Alpha
Follow Play 10min Summary Red Robin shares have dropped 45% YTD due to rising costs and fewer customer visits, highlighting serious operational headwinds. The company is using sale-leasebacks to offset some of these losses, which is not a sustainable long-term strategy. Labor and rent costs are rising faster than revenue, leading to shrinking profit margins. Liquidity challenges are evident, with current liabilities exceeding available cash and weak liquidity ratios below 1. Recent activist investors' involvement and menu changes could drive a turnaround, but current performance and management's strategy show no positive signs yet. I maintain a Sell rating. Angelica Corneliussen/iStock via Getty Images Red Robin Gourmet Burgers, Inc. ( NASDAQ: RRGB ) has experienced a significant decline in the share price of 45% YTD, reflecting the headwinds the company is currently facing, including rising costs and declining customer visits. However, since the This article
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RRGB
News
- Red Robin Gourmet Burgers, Inc. to Release Fiscal Third Quarter 2024 Results on November 6, 2024PR Newswire
- RED ROBIN SALUTES AMERICA'S HEROES WITH FREE BURGERS AND BOTTOMLESS SIDES THIS VETERANS DAYPR Newswire
- 'NBA Inside Stuff' merged NBA and pop culture before social media. Now it gets HOF treatment. [USA TODAY]USA TODAY
- Drew Nichols leads a standout, and often hungry, Murrieta Valley offensive line [Los Angeles Times (CA)]Los Angeles Times
- Sit-Down Dining Stocks Q2 Teardown: Red Robin (NASDAQ:RRGB) Vs The Rest [Yahoo! Finance]Yahoo! Finance
RRGB
Earnings
- 8/22/24 - Miss
RRGB
Sec Filings
- 10/18/24 - Form 4/A
- 10/18/24 - Form 3/A
- 10/17/24 - Form 4
- RRGB's page on the SEC website