Restaurant stocks in general have been pounded in the last few months as the very business model they’ve previously operated with has been called into question. Some stocks have regained much of their lost ground, but others haven’t. In the case of casual dining chain Red Robin Gourmet Burgers (RRGB), that lack of recovery is entirely deserved.
I’ve been bearish on Red Robin for some time, as I’ve found the company’s lack of growth prospects and absurdly high valuations to be quite off-putting. Given the fact that the company