Red Robin Gourmet Burgers slips on bigger-than-expected Q2 loss

Red Robin Gourmet Burgers

23/08/2024 13:12

** Shares of Red Robin Gourmet Burgers  RRGB.O  fall 14.8%
to $4.03 premarket after posting Q2 loss vs year-ago profit
    ** Restaurant chain logs Q2 adj. loss of $0.48/share, wider
than Wall Street estimates of $0.46/share loss - LSEG data
    ** Co forecasts FY24 revenue of $1.25 bln, in line with
analyst estimates
    ** At least three brokerages slash PT after results
    ** Avg rating of brokerages is "buy"; their median PT is
$10.75 - LSEG data
    ** Stock has fallen 62.1% so far this year

 (Reporting by Khushi Singh in Bengaluru)
 ((Khushi.Singh@thomsonreuters.com;))