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Fly News Breaks for November 6, 2019
RRGB
Nov 6, 2019 | 09:17 EDT
Loop Capital analyst Lynne Collier lowered her price target on Red Robin to $33 and kept her Hold rating after its Q3 earnings miss and reduced EBITDA/EPS guidance for 2019 based on the company's investments in labor. The analyst notes that while Red Robin's comps improved in the quarter and guest satisfaction scores rose, the turnaround will likely take some time given the headwinds in the casual dining sector.
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