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Red Robin Gets Innovative With Latest Menu Changes

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Red Robin Gets Innovative With Latest Menu Changes
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Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) latest limited release will have you on Google Maps looking for the burger chains closest location.

The chain is serving up a several new items this fall, including some that we haven't seen at fast food locations until now, a Chicken and Waffles Burger.

"Comfort food is a staple of the fall season," said Jonathan Muhtar, senior VP and CMO at Red Robin.

This innovative menu change that runs until November 6 is hoping to provide a much needed spark for the chain. Red Robin posted lower than estimated EPS figures in Q2 despite its restaurant revenues increasing 5 percent year over year.

Related Link: Competition In The Burger Category Might Keep Red Robin From Taking Flight

Canaccord has a Hold rating with a $53 price target on the company.

The stock is down nearly 20 percent in 2016.

Posted-In: News Restaurants General

 

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