So far, 2.86 million shares of Red Robin exchanged hands as compared to its average daily volume of 149.000 shares
Earlier today the casual dining chain reported a decline in net income for the 2014 second quarter to $9.5 million, or 65 cents per diluted share, compared to $11.1 million, or 77 cents per diluted share for the year ago quarter.
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Red Robin’s adjusted earnings were down to 68 cents per diluted share for the latest quarter, from 77 cents per diluted share for the 2013 second quarter.
However, the company said revenue for the quarter increased by 7.5% to $256.1 million, from $238.3 million for the 2013 second quarter.
TheStreet Ratings team rates RED ROBIN GOURMET BURGERS as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate RED ROBIN GOURMET BURGERS (RRGB) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins."