Red Robin Gourmet Burgers Inc. (NASDAQ:RRGB) announced that it will open a new Red Robin Gourmet Burgers and Brews restaurant in Garner, N.C. on May 23. The outlet will be located at 10 Cabela Drive, in the White Oak Crossing shopping center.
Apart from the signature items like Royal Red Robin Burger, Bottomless Steak Fries, Smoke & Pepper Burger, and the Red's Tavern Double, the menu will also feature Freckled Lemonade. Moreover, the restaurant will serve D.G.B., Black & Bleu burger, The Marco Pollo, the Southern Charm Burger, along with a variety of salads, entrees, soups and wraps.
As part of the celebrations during the opening week, the company will give away the proceeds from the sales of Freckled Lemonade to the non-profit organization, Alex's Lemonade Stand Foundation.
Red Robin has been exploring opportunities in the untapped U.S. markets of Florida, New York, New Jersey, Chicago and Texas. We believe that the company’s plan to accelerate unit growth should boost long-term revenues. Further, we expect Red Robin’s initiatives such as menu innovation, in addition to its effective marketing strategy and remodeling programs, to reinvigorate its brands.
Red Robin currently carries a Zacks Rank #3 (Hold). Better-ranked stocks in the same industry are Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) , Restaurant Brands International Inc. (NYSE:QSR) and BJ's Restaurants, Inc. (NASDAQ:BJRI) . While Dave & Buster's and Restaurant Brands International sport a Zacks Rank #1 (Strong Buy), BJ's Restaurants has a Zacks Rank #2 (Buy).
BJ'S RESTAURANT (BJRI): Free Stock Analysis Report
RED ROBIN GOURM (RRGB): Free Stock Analysis Report
RESTAURANT BRND (QSR): Free Stock Analysis Report
DAVE&BUSTRS ENT (PLAY): Free Stock Analysis Report
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