By midafternoon, shares had added 13.7% to $72.61.
Over the three months to March, the restaurant chain earned 82 cents a share, 10 cents higher than analysts surveyed by Thomson Reuters expected. Revenue of $340.48 million gained 11.1% year over year and beat estimates of $334.8 million.
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TheStreet Ratings team rates RED ROBIN GOURMET BURGERS as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:
"We rate RED ROBIN GOURMET BURGERS (RRGB) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins."
- You can view the full analysis from the report here: RRGB Ratings Report