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Fly News Breaks for May 16, 2019
RRGB
May 16, 2019 | 08:33 EDT
Maxim analyst Stephen Anderson raised his price target on Red Robin to $32 ahead of its Q1 results on May 30th. The analyst says his new price target accounts for the possibility of an activist-driven takeover after last week's announcement by Vintage Capital Management taking an 8.5% stake in the company. Anderson also keeps his Hold rating on Red Robin shares.
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