Red Robin Installs New Technologies From QSR Automations

Red Robin Gourmet Burgers Inc. (NASDAQ:RRGB) has announced the installation of new technologies – DineTime platform and ConnectSmart Kitchen – from QSR Automations, the hospitality industry leader in kitchen and restaurant management platforms, at over 450 of its restaurants nationally.

Details

Notably, DineTime provides seating management and a method for accepting online reservations as well as connecting with more guests. With the DineTime consumer app, Red Robin customers will not only be able to figure out how long the wait is at a particular location, but will also be able to put in their name to the waitlist before they even walk in the door, thereby providing for an enhanced guest experience.

On the other hand, installation of QSR’s comprehensive kitchen solution, ConnectSmart Kitchen, will aid Red Robin in increasing table efficiency and speed of service.

Bottom Line

By providing restaurant owners and managers with a complete picture of their operations through their technology, QSR has helped out some of the industry behemoths in increasing efficiency, enhancing productivity, maximizing profit, and eventually improving the overall guest experience. In fact, their restaurant management platform, DineTime, presently seats more than 1 million guests each day.

Meanwhile, Red Robin has been making noteworthy investments in technology to augment restaurant efficiencies and better guest experience. Notably, ever since the rollout of the QSR technology at its restaurants, the company has been witnessing a vital and considerable enhancement in guest service. Speed-to-table and other operational improvements are leading to higher net promoter scores among its guests.

Going forward, this Zacks Rank #4 (Sell) company is positive that the QSR technology will be competent in supporting its rising business needs.

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Other Stocks to Consider

Better-ranked stocks in this sector include Domino's Pizza, Inc. (NYSE:DPZ) , McDonald's Corp. (NYSE:MCD) and Papa John’s International, Inc. (NASDAQ:PZZA) . All the three stocks carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The Zacks Consensus Estimate for Domino’s 2016 earnings moved up 2.9% over the last 60 days. For full-year 2016, EPS is expected to improve 23.1%.

The Zacks Consensus Estimate for McDonald's 2016 earnings climbed 2.3% over the last 60 days. The company’s earnings surpassed the Zacks Consensus Estimate in each of the last four quarters, with an average beat of 6.16%.

Papa John’s earnings surpassed the Zacks Consensus Estimate in each of the last four quarters, with an average beat of 11.31%. Further, for 2016, EPS is expected to grow 19.9%.

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