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Red Robin Gourmet Burgers (RRGB) Is Sharply Lower After Q1 Miss

Red Robin Gourmet Burgers (RRGB) reported first quarter adjusted EPS of $0.69 after the bell Tuesday, down from $0.89 in the prior year period. The consensus estimate was for EPS of $0.75.

Red Robin Gourmet Burgers gapped open sharply lower Wednesday morning and is now down 9.70 at $48.25. The stock has dropped to over a 5 1/2 month low.

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