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Fly News Breaks for November 2, 2018
RRGB
Nov 2, 2018 | 08:18 EDT
Maxim analyst Stephen Anderson lowered his price target on Red Robin to $46 ahead of its Q3 earnings next week, also lowering his EPS forecast to 13c from 15c in anticipation of "another quarter of negative mix and modest traffic" that is only slightly offset by more favorable food costs. The analyst also keeps his Buy rating on Red Robin, noting that its "attractive valuation" could see some private equity interest along with "several factors" that could contribute to the company growing its EPS by at least 20% through 2020.
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