2024-01-26 16:19:10 ET
Summary
- Red Robin is an established brand for casual dining over gourmet burgers.
- Shares are down 84% in value over the decade, as old management's decisions damaged the Guest Experience and thus hurt profits.
- The current CEO, G.J. Hart, understands the brand and is reversing previous missteps.
- Yet, some risk exists with the liabilities on the balance sheet.
Red Robin Gourmet Burgers, Inc. ( RRGB ) is known for its cozy, sit-down style and diverse menu of burgers. I first remember going to one about ten years ago, and my parents have been long-time fans, enjoying the menu and numerous good deals the business offers, such as the free birthday burger. I always thought it was a decent place too.
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Red Robin: Dip Into This Burger Turnaround, But Beware Of Risks