NEW YORK (
Red Robin Gourmet Burgers
) is trading at unusually high volume Friday with 918,867 shares changing hands. It is currently at 4.1 times its average daily volume and trading up $2.61 (+12.4%) at $23.73 as of 11:31 a.m. ET. Red Robin Gourmet Burgers has a market cap of $359.2 million and is part of the
industry. Shares are down 2.1% year to date as of the close of trading on Thursday.
Red Robin Gourmet Burgers, Inc., together with its subsidiaries, develops, operates, and franchises casual-dining restaurants that serve gourmet burgers in the United States and Canada. The company has a P/E ratio of 48.1, above the average leisure industry P/E ratio of 47.8 and above the S&P 500 P/E ratio of 23.4.
TheStreet Ratings rates Red Robin Gourmet Burgers as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. You can view the full
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