Red Robin Gourmet Burgers (RRGB) Stock Price: Why It Increased Over 14% Today

By Amit Chowdhry ● May 27, 2022
  • The stock price of Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) increased by over 14% pre-market today. This is why.

The stock price of Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) increased by over 14% pre-market today. Investors responded positively to the company’s first-quarter results. 

Red Robin Gourmet Burgers had reported a Q1 EPS of ($0.12), which was $0.61 higher than analyst estimates of ($0.73). And the revenue for the quarter was $380.6 million compared to the consensus estimate of $381.18 million. The comparable restaurant revenue increased 19.7% compared to 2021.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.