Professional
Added to YB: 2024-03-21
Pitch date: 2024-03-20
RRGB [bullish]
Red Robin Gourmet Burgers, Inc.
-39.03%
current return
Author Info
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Company Info
Red Robin Gourmet Burgers, Inc., together with its subsidiaries, develops, operates, and franchises casual dining restaurants in North America and one Canadian province.
Market Cap
$78.8M
Pitch Price
$6.79
Price Target
N/A
Dividend
N/A
EV/EBITDA
2.73
P/E
-1.44
EV/Sales
0.48
Sector
Hotels, Restaurants and Leisure
Category
turnaround
Pernas Research Ventures into Speculative Trade with Red Robin Gourmet Burgers, Inc.
RRGB: Casual diner w/ 500 restaurants, $100M mkt cap at $6.5, 3.7x EV/EBITDA. Stock -45% YTD on rates & consumer shift to groceries. New mgmt ended discounts, Virtual Brands; guiding $65M '24 EBITDA (-$30M capex, $22M int). Sale-leasebacks to cut debt. Risk/reward attractive post sell-off.
Read full article (1 min)