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Fly News Breaks for November 7, 2018
RRGB
Nov 7, 2018 | 07:07 EDT
Stephens analyst Will Slabaugh lowered his FY18 and FY19 EPS estimates for Red Robin following the company's Q3 report, which included softer top-line results than he had expected. He continues to see opportunities to improve execution, but views this quarter as another reminder of the company's vulnerability to an increasingly promotional environment, Slabaugh tells investors. He maintains an Overweight rating on Red Robin shares.
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