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.
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
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
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.
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.
This is looking VERY similar to the huge gap down in November. The climb since has a very similar form
Ate there a couple weeks ago....wasn't very impressed. Rather go to 5 guys... http://www.fiveguys.com/
Not sure how I feel about this one. Consolidating at support here but in a long-term downtrend. Weekly chart.
Man just posted about this yesterday consolidating at support... Up over 29% today after a takeover bid. Missed out on that one!