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Fly News Breaks for April 5, 2019
RRGB
Apr 5, 2019 | 09:12 EDT
Maxim analyst Stephen Anderson lowered his price target on Red Robin to $25 and kept his Hold rating after its CEO transition announcement and a bigger than expected Q1 comps decline outlook. The analyst believes that the CEO exit reduces the visibility for the company's turnaround, also lowering his Q1 EPS forecast to 42c from 56c and FY19 view to $1.23 from $1.42 on the disappointing comps guidance.