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RRGB - Red Robin Gourmet Burgers

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by T0rm3nted, May 17, 2016.

  1. T0rm3nted

    T0rm3nted Moderator
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    [​IMG]
    Red Robin Gourmet Burgers and Brews (RRGB), or simply Red Robin, is a chain of casual dining restaurants founded in September 1969 in Seattle, Washington. In 1979, the first franchised Red Robin restaurant was opened in Yakima, Washington. Red Robin is now headquartered in Greenwood Village, Colorado.
     
  2. T0rm3nted

    T0rm3nted Moderator
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    Reported before open today (5/17/16)
    Earnings: EPS $1.03 Revenue $402.1M
    Estimates: EPS $1.11 Revenue $416.3M

    Down 18.15% today
     
  3. T0rm3nted

    T0rm3nted Moderator
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    Analyst Upgrade/Downgrade Update

    Brokerage firm:
    Maxim Group
    Change: Coverage Reiterated/Price Target Changed
    Previous Rating: N/A
    Current Rating: Buy
    Previous Price Target: $71
    Current Price Target: $63
     
  4. T0rm3nted

    T0rm3nted Moderator
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    Interesting

    upload_2018-5-19_15-54-39.png
     
    bigbear0083 likes this.
  5. T0rm3nted

    T0rm3nted Moderator
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    Got in today at $60.50, gonna ride this channel up if it cooperates. Up a few dollars so far.

    upload_2018-5-21_21-32-0.png
     
  6. T0rm3nted

    T0rm3nted Moderator
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    Well, I made an oversight on this one. I stupidly did not realize that earnings was today. I would have never opened the position because earnings is one event that had obvious potential to push this out of the upward trading range that this has been in. It held the 200MA so I will probably hold on and see what happens tomorrow.
     
  7. T0rm3nted

    T0rm3nted Moderator
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    Like I mentioned before, when I entered this while it was in that nice increasing channel, I failed to notice earnings was just around the corner. It held another support that I saw though and I failed to mention that I averaged down to play the bounce off support. Still underwater on this position by a bit, but it looks to be working on the recovery.

    upload_2018-6-5_17-14-26.png
     
    bigbear0083 likes this.
  8. T0rm3nted

    T0rm3nted Moderator
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    This is looking VERY similar to the huge gap down in November. The climb since has a very similar form

    upload_2018-6-8_7-15-46.png
     
    bigbear0083 likes this.
  9. T0rm3nted

    T0rm3nted Moderator
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    Continuing the steady grind back up.

    upload_2018-6-12_17-51-54.png
     
    bigbear0083 and OldFart like this.
  10. OldFart

    OldFart Well-Known Member

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