We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Red Robin (RRGB) Plans to Open New Outlet in Georgia
Read MoreHide Full Article
Red Robin Gourmet Burgers Inc. (RRGB - Free Report) plans to open a Red Robin Gourmet Burgers and Brews restaurant in Buford, GA, on Aug 29. The outlet will be situated at the main entrance of the Mall of Georgia near the Regal IMAX movie theater.
Apart from the company’s signature items like Royal Red Robin Burger and Bottomless Steak Fries as well as the Smoke & Pepper Burger and Royal Red Robin Burger, the restaurant will offer Freckled Lemonade. The menu will also include a variety of salads, entrees, soups and wraps.
Notably, as part of the opening celebrations, the company will donate the proceeds from the sales of Freckled Lemonade at the restaurant during the opening week — Aug 29 to Sep 4 — to a non-profit organization, Alex's Lemonade Stand Foundation.
Expansion
Red Robin’s unit expansion continues despite economic uncertainty in the domestic market. Moreover, Red Robin has been exploring opportunities in untapped markets of Florida, New York, New Jersey, Chicago and Texas to enhance its domestic presence.
Notably, keeping in line with its expansion plans, the company recently launched new Red Robin Gourmet Burgers and Brews restaurants in Idaho, New York, Florida and Indiana.
Bottom Line
We believe that the company’s efforts to expand its footprint through accelerated unit growth will boost revenues.
Moreover, we expect this Zacks Rank #5 (Strong Sell) company’s initiatives such as menu innovation, focus on increasing speed of service, effective marketing strategy and remodeling programs to boost top and bottom-line performance.
Better-ranked stocks in this sector include Papa John's International Inc. (PZZA - Free Report) , Del Taco Restaurants, Inc. and Restaurant Brands International Inc. (QSR - Free Report) . All the three stocks carry a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
See More Zacks Research for These Tickers
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
Red Robin (RRGB) Plans to Open New Outlet in Georgia
Red Robin Gourmet Burgers Inc. (RRGB - Free Report) plans to open a Red Robin Gourmet Burgers and Brews restaurant in Buford, GA, on Aug 29. The outlet will be situated at the main entrance of the Mall of Georgia near the Regal IMAX movie theater.
Apart from the company’s signature items like Royal Red Robin Burger and Bottomless Steak Fries as well as the Smoke & Pepper Burger and Royal Red Robin Burger, the restaurant will offer Freckled Lemonade. The menu will also include a variety of salads, entrees, soups and wraps.
Notably, as part of the opening celebrations, the company will donate the proceeds from the sales of Freckled Lemonade at the restaurant during the opening week — Aug 29 to Sep 4 — to a non-profit organization, Alex's Lemonade Stand Foundation.
Expansion
Red Robin’s unit expansion continues despite economic uncertainty in the domestic market. Moreover, Red Robin has been exploring opportunities in untapped markets of Florida, New York, New Jersey, Chicago and Texas to enhance its domestic presence.
Notably, keeping in line with its expansion plans, the company recently launched new Red Robin Gourmet Burgers and Brews restaurants in Idaho, New York, Florida and Indiana.
Bottom Line
We believe that the company’s efforts to expand its footprint through accelerated unit growth will boost revenues.
Moreover, we expect this Zacks Rank #5 (Strong Sell) company’s initiatives such as menu innovation, focus on increasing speed of service, effective marketing strategy and remodeling programs to boost top and bottom-line performance.
RED ROBIN GOURM Price
RED ROBIN GOURM Price | RED ROBIN GOURM Quote
Stocks to Consider
Better-ranked stocks in this sector include Papa John's International Inc. (PZZA - Free Report) , Del Taco Restaurants, Inc. and Restaurant Brands International Inc. (QSR - Free Report) . All the three stocks carry a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>