Red Robin Gourmet Burgers Inc. (RRGB) recently announced that it will unveil a restaurant in Columbus, OH, on Jun 8. The outlet will be located at 107 South Veterans Parkway on the southwest corner of College and Veterans Parkway.
Apart from the signature items like Royal Red Robin Burger and Bottomless Steak Fries as well as the Smoke & Pepper Burger and Royal Red Robin Burger, the restaurant will offer the Freckled Lemonade. The menu will also include a variety of salads, entrees, soups and wraps.
The company will contribute the proceeds from the sale of its signature Freckled Lemonade during the grand opening week — Jun 8 to Jun 14 — to the non-profit organization, Alex's Lemonade Stand Foundation.
Red Robin’s unit expansion continues despite economic uncertainty in the domestic market. With the resurgence in consumer confidence, management accelerated unit openings and expects to unveil 20 units along with 5 Red Robin’s Burger Works in fiscal 2015. Currently, the restaurateur operates 517 outlets across the United States and Canada.
Moreover, the company is exploring new development opportunities in untapped markets of Florida, New York, New Jersey, Chicago and Texas to enhance its domestic presence. In our view, the company’s plan of accelerating unit growth should boost long-term revenues.
Further, we are encouraged by the company’s initiatives, such as menu innovation, effective marketing strategy, unit expansion and remodeling programs, to reinvigorate its brands. We believe that the company is well positioned to sustain the growth momentum driven by improved guest traffic and innovative offerings.
Red Robin currently carries a Zacks Rank #2 (Buy). Other well-ranked stocks in the same sector are BJ's Restaurants, Inc. (BJRI), Zoe's Kitchen, Inc. (ZOES) and Ruby Tuesday, Inc. (RT). All these stocks sport a Zacks Rank #1 (Strong Buy).
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Red Robin Gourmet Burgers Inc. RRGB recently announced that it will unveil a restaurant in Columbus, OH, on Jun 8. The outlet will be located at 107 South Veterans Parkway on the southwest corner of College and Veterans Parkway.
Apart from the signature items like Royal Red Robin Burger and Bottomless Steak Fries as well as the Smoke & Pepper Burger and Royal Red Robin Burger, the restaurant will offer the Freckled Lemonade. The menu will also include a variety of salads, entrees, soups and wraps.
The company will contribute the proceeds from the sale of its signature Freckled Lemonade during the grand opening week — Jun 8 to Jun 14 — to the non-profit organization, Alex's Lemonade Stand Foundation.
Red Robin’s unit expansion continues despite economic uncertainty in the domestic market. With the resurgence in consumer confidence, management accelerated unit openings and expects to unveil 20 units along with 5 Red Robin’s Burger Works in fiscal 2015. Currently, the restaurateur operates 517 outlets across the United States and Canada.
Moreover, the company is exploring new development opportunities in untapped markets of Florida, New York, New Jersey, Chicago and Texas to enhance its domestic presence. In our view, the company’s plan of accelerating unit growth should boost long-term revenues.
Further, we are encouraged by the company’s initiatives, such as menu innovation, effective marketing strategy, unit expansion and remodeling programs, to reinvigorate its brands. We believe that the company is well positioned to sustain the growth momentum driven by improved guest traffic and innovative offerings.
Red Robin currently carries a Zacks Rank #2 (Buy). Other well-ranked stocks in the same sector are BJ's Restaurants, Inc. BJRI, Zoe's Kitchen, Inc. ZOES and Ruby Tuesday, Inc. RT. All these stocks sport a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
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