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Red Robin Staying in the Red – Analyst Blog

Source: http://www.zacks.com/stock/news/16643/Red+Robin+Staying+in+the+Red+-+Analyst+Blog
 Posted on Monday, January 5th, 2009 | In Stocks to Watch
Contributed by: Zacks Market Commentaries (http://www.zacks.com/) -

Seattle, Washington-based Red Robin Gourmet Burgers’ (RRGB) traffic began declining long before the onset of rising gas prices in October 2007, which began choking business in the casual dining sector a victim of poor site selection in new markets.

We believe shares of RRGB will continue to underperform both the larger market and the restaurant industry. In spite of their poor performance, the company has retained and even added to these sites as it repurchased 45 franchises since 2005. Moreover, 2009 consensus EPS estimates are 10% higher than ours, and we think our estimate may prove aggressive if the economic slowdown is deeper or more protracted than we currently anticipate.

Read the full analyst report on RRGB

“RRGB” Free Stock Analysis: Buy? Sell? Hold?
Zacks Investment Research

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About Zacks Market Commentaries (http://www.zacks.com/)
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