Red Robin Gets Innovative With Latest Menu Changes
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.
Canaccord has a Hold rating with a $53 price target on the company.
The stock is down nearly 20 percent in 2016.
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