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Fly News Breaks for January 15, 2020
RRGB
Jan 15, 2020 | 08:21 EDT
Maxim analyst Stephen Anderson keeps his Buy rating and $42 price target on Red Robin but raises his EPS view for the quarter to (7c) from (10c) after the release of its preliminary Q4 results on Monday. The analyst notes that Q4's positive comps suggest that the company is showing early signs of a turnaround, though he still lowers his FY20 EPS view to 74c from $1.29 to reflect the management's turnaround-related investments in labor and SG&A.
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