Market Overview

Investors Flock Out Of Red Robin Gourmet Burgers

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Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) shares are trading lower by $9.30 (15 percent) $52.69 in Tuesday's session. Despite an EPS beat of $0.16, the Street is focusing on is revenue shortfall of $13 million.

After lower open, it managed a brief rally to $57.12 before continuing lower. The ensuing decline has taken it to $52.14 and is trading close to that level.

This marks the lowest level for this issue since it bottomed on October 28, 2014, at $51.20.

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