Red Robin Gourmet Burgers (RRGB) reported first quarter adjusted EPS of $0.71 after the bell Wednesday, up from $0.58 in the previous year. The consensus estimate was for EPS of $0.65. Revenues grew to $299.46 million from $286.83 million last year. The consensus estimate was for revenues of $305.85 million.
Red Robin Gourmet Burgers gapped open sharply lower Thursday and fell in early trade, but settled into a range for the majority of the session. Shares finished down by 5.22 at $30.53, with volume at over an 11 1/2 month high. The stock sank to a 3 1/2 month low and dropped below its 200-day moving average.
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