Red Robin Gourmet Burgers (RRGB) - Bull of the Day
February 23 2012 - 7:00PM
Zacks
Red Robin Gourmet Burgers (RRGB) reported another solid
quarter with fourth-quarter 2011 earnings surpassing the Zacks
Consensus Estimate as it experienced upside in revenue and margin.
The company is progressing quite successfully in turning around its
business by Project RED, which focuses on revenue growth, expense
control and capital deployment.
The pace of the company's ongoing cost saving initiatives is
faster than expected. Moreover, the loyalty program is tremendously
successful. Also, the company is experiencing same-store sales
growth based on its marketing and promotional activities.
In addition, the company's focus on franchising, unit growth,
store remodeling, investments to improve operational efficiency and
enhancing shareholder value also augurs well for its earnings.
Hence, we upgrade the stock from Neutral to Outperform.
RED ROBIN GOURM (RRGB): Free Stock Analysis Report
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