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  • Red Robin (RRGB) Stock Soars Despite Drop in Q4 2020 Revenues

    Red Robin (RRGB) Stock Soars Despite Drop in Q4 2020 Revenues

    Red Robin shares responded in an unorthodox manner after a drop in Q4 revenues. RRGB stock soared 0.04% on Jan. 27, 2021.

    Red Robin (RRGB) shares traded in the green zone on Wednesday, a couple of weeks after it updated regarding its fourth quarter 2020 results. The company reported unaudited and preliminary revenue which dropped 28.9% during the quarter.

    Though the company won a great deal strengthening its operation execution and business plans to ensure the capital flow—maintaining liquidity. That might be the one reason why Red Robin shares responded stiffly. Rather, the shares price soared from $22 to $24—in the following two days—when the company updated the Q4 results on Jan. 11.

    What’s Next?

    Red Robin, is an American chain of casual dining restaurants. The company has largely been affected by the restriction amid the COVID-19 pandemic. Although the company kicked off fourth-quarter on a stronger side, the momentum was badly impacted by social-distancing restrictions and dining closures.

    In the near-term, things will probably remain volatile because it will take time for restaurants to begin full operations. The CEO of Red Robin, Paul J.B. Murphy III stated that the company has worked on business models to cope up with this situation. Whereas, the company is well-positioned from both a sales and profitability standpoint as soon as the conditions normalize.

    Paul further added that they are focusing to create long-term value for all shareholders as they move into 2021. 

    The company is going to implement cost-cutting strategies to improve its productivity during the pandemic period. This will help Red Robin to enhance growth and increase saving to keep the business running.

    Red Robin has reduced its menu by almost 1/3, which will help the company to improve operational execution—saving more than $2 million in annual savings. While increase the savings through general and administrative expenses reduction by over 10%. The company will also implement a new management-labor structure that will save $14 million annually. So, through such policies, the company would be able to improve its productivity and run the operations smoothly.

    By the end of Dec. 2020, the company mentioned that it had started dining room operations across 246of its restaurants. Moreover, almost 35 dining rooms have also reopened this year so far, with 4 additional re-opening under progress.

    Conclusion

    In the last three months of 2020, Red Robin (RRGB) stock soared up to 45% compared to industry growth of almost 8%. This shows that the company is steadily progressing in the right direction, pushing the stock towards bullish momentum. With the new business plan, the company expects things to get better this year. So, we can see RRGB shares pushing further in the coming months.

  • 2020’s Top 20 Trending Stocks In Restaurants Industry To Invest In

    2020’s Top 20 Trending Stocks In Restaurants Industry To Invest In

    The restaurant industry is diverse. This industry is so widespread that half of all adults have worked in food service in one way or another at some point in their lives. This industry is continuously evolving and restaurateurs are forced to keep a pulse on what’s happening in the industry and what are the new trends in the industry. As the restaurant industry bears a shock because of the current pandemic, it is necessary for the industry to keep up with the new trends customers are looking for to keep their business running.

    2020 was a year of difficulties and as well as the year of opportunities for the restaurant industry. The use of new technologies in this industry and the evolving trends are increasing in the current period. To keep pace with the fast-growing market and to survive, it is necessary for this industry to adopt new technologies to gain a competitive edge.

    Lets’ have a quick look at the top 20 companies in the restaurant industry that are following new trends:

    Luby’s Inc. (NYSE: LUB)

    Luby’s Inc. (NYSE: LUB) shares were trading up 111.43% at $2.22 at the time of writing on Tuesday. Luby’s Inc. (NYSE: LUB) share price went from a low point around $0.46 to briefly over $2.65 in the past 52 weeks, though shares have since pulled back to $2.22. LUB market cap has remained high, hitting $66.60M at the time of writing, giving it a price-to-sales ratio of more than 0.  Luby’s Inc has announced that it has adopted a plan of liquidation and dissolution that provides for the sale of the Company’s assets and distribution of the net proceeds to the Company’s stockholders, after which the Company will be dissolved.

    Starbucks Corporation (NASDAQ: SBUX)

    Starbucks Corporation (NASDAQ: SBUX) last closed at $85.41, in a 52-week range of $50.02 to $96.96. Analysts have a consensus price target of $82.77. Starbucks Corporation (SBUX) recently disclosed that it has decided to add plant-based beverages to menus across Asia from September. The decision was taken to attract customers. Starbucks revealed that its new food items will include the Spiced Impossible Puff and Maize Impossible Sandwich in Hong Kong, and Beyond Meat Bolognese Penne in Taiwan.

    McDonald’s Corporation (NYSE: MCD)

    McDonald’s Corporation (NYSE: MCD) rose 0.87% after gaining more than $1.85 on Tuesday. McDonald’s Corporation (MCD) has earlier announced a partnership with Iconic Global Artist Travis Scott. Travis Scott and McDonald’s will also be exploring opportunities to support charitable organizations during the month-long program. McDonald’s Corporation has recently filed a trademark infringement notice in Australia after the local unit of Burger King created a similar product called the ‘Big Jack’.

    The Wendy’s Company (NASDAQ: WEN)

    The Wendy’s Company (NASDAQ: WEN) stock soar by 1.25% to $21.85. The most recent rating by Evercore ISI, on May 14, 2020, is at an Outperform. The Wendy’s Company (WEN) has recently launched Pretzel Bacon Pub Cheeseburger. This brand-new, mouthwatering cheeseburger combines unforgettable ingredients that’ll make customers wonder what they ate before it came into their life.

    Aramark (NYSE: ARMK)

    Aramark (NYSE: ARMK) Shares headed falling, lower as much as -1.27%. The most recent rating by RBC Capital Mkts, on July 16, 2020, is at a Sector perform. Aramark (NYSE: ARMK) has announced that it will participate in Goldman Sachs Global Retailing Conference on Thursday, September 10th. Aramark (ARMK) market capitalization has remained high, hitting $7.21 billion at the time of writing.

    Yum China Holdings Inc. (NYSE: YUMC)

    Yum China Holdings Inc. (NYSE: YUMC) fall -2.79% after losing more than -$1.5 on Tuesday. Yum China Holdings Inc. (YUMC) has disclosed earlier that pricing of its global offering of 41,910,700 new shares of common stock which includes an international offering and a Hong Kong public offering. The final offer price for both the international offering and the Hong Kong public offering has been decided at HK$412.00 per share. Yum China Holdings Inc. (YUMC)market capitalization has remained high, hitting $20.50 billion at the time of writing.

    The Cheesecake Factory Incorporated (NASDAQ: CAKE)

    The Cheesecake Factory Incorporated (NASDAQ: CAKE) stock drop by -0.22% to $31.13. The most recent rating by BofA Securities, on August 03, 2020, is at an Underperform. The Cheesecake Factory Incorporated (CAKE) has launched its Nourish Program exclusively utilizing Copia’s “zero food waste” technology platform to distribute food to needy people in the local community. The Cheesecake Factory Incorporated will be able to donate more than 400,000 pounds of food so far this year after replacing the old food rescue program.

    Dunkin’ Brands Group Inc. (NASDAQ: DNKN)

    Dunkin’ Brands Group Inc. (NASDAQ: DNKN) stock drop by -1.08% to $75.05. The most recent rating by BofA Securities, on August 03, 2020, is at a Buy. Dunkin’ Brands Group Inc. (DNKN) announced earlier that its management will be presenting on Tuesday, September 15, 2020, at the J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum.

    Papa John’s International Inc. (NASDAQ: PZZA)

    Papa John’s International Inc. (NASDAQ: PZZA) fall -4.29% after losing more than -$3.88 on Tuesday. Papa John’s International Inc. (PZZA) has recently announced the partnership with Dole Packaged Food LLC as its supplier for pineapple as the company continues to strengthen its commitment to Better Ingredients. Better Pizza. Papa John has a total market capitalization of $2.89 billion.

    Dave & Buster’s Entertainment Inc. (NASDAQ: PLAY)

    Dave & Buster’s Entertainment Inc. (NASDAQ: PLAY) stock drop by -0.42% to $18.77. The most recent rating by Deutsche Bank, on September 08, 2020, is at a Buy. Dave & Buster’s Entertainment Inc. (PLAY) has a 52-weeks low range of $4.61 and a high range of $48.80. It has a total market capitalization of $872.43 million at the time of writing.

    RAVE Restaurant Group Inc. (NASDAQ: RAVE)

    RAVE Restaurant Group Inc. (NASDAQ: RAVE) Shares headed rising, higher as much as 11.25%. The most recent rating by ROTH Capital, on May 12, 2016, is at a Neutral. RAVE Restaurant Group Inc. (RAVE) has a 52-weeks low range of $0.38 and a high range of $2.98. It has a total market capitalization of $7.56 million at the time of writing.

    Bloomin’ Brands Inc. (NASDAQ: BLMN)

    Bloomin’ Brands Inc. (NASDAQ: BLMN) last closed at $16.66, in a 52-week range of $4.54 to $24.29. Analysts have a consensus price target of $14.73. Bloomin’ Brands Inc. (BLMN) stock has fluctuated between the 52-weeks low range of $4.54 and a high range of $24.29. Bloomin’ Brands Inc. (BLMN) market capitalization has remained high, hitting $1.41 billion at the time of writing.

    Yum! Brands Inc. (NYSE: YUM)

    Yum! Brands Inc. (NYSE: YUM) last closed at $93.68, in a 52-week range of $54.95 to $119.59. KFC Kicks Off New DoorDash Partnership With 12 Free Tenders And $0 Delivery Fees. Analysts have a consensus price target of $99.38. Yum! Brands Inc. (YUM) market capitalization has remained high, hitting $28.56 billion at the time of writing.

    Darden Restaurants Inc. (NYSE: DRI)

    Darden Restaurants Inc. (NYSE: DRI) stock drop by -0.18% to $89.12. The most recent rating by Raymond James, on September 01, 2020, is at an Outperform. Darden Restaurants Inc. (DRI) stock has fluctuated between the 52-weeks low range of $26.15 and a high range of $128.41. Darden Restaurants Inc. (DRI) market capitalization has remained high, hitting $11.57 billion at the time of writing.

    Restaurant Brands International Inc. (NYSE: QSR)

    Restaurant Brands International Inc. (NYSE: QSR) Shares headed falling, lower as much as -0.48% after Sami Siddiqui Appointed President of Popeyes Americas. The most recent rating by Evercore ISI, on August 07, 2020, is at an In-line. Restaurant Brands International Inc. (NYSE: QSR) has a total market capitalization of $16.91 billion at the time of writing.

    Denny’s Corporation (NASDAQ: DENN)

    Denny’s Corporation (NASDAQ: DENN) fall -0.90% after losing more than -$0.1 on Tuesday. Denny’s Corporation (NASDAQ: DENN) has a 52-weeks low range of $4.50 and a high range of $23.88. It has a total market capitalization of $755.20 million at the time of writing.

    Brinker International Inc. (NYSE: EAT)

    Brinker International Inc. (NYSE: EAT) last closed at $44.13, in a 52-week range of $7.00 to $49.61. Analysts have a consensus price target of $39.76. Brinker International Inc. (EAT) stock has fluctuated between the 52-weeks low range of $7.00 and a high range of $49.61. Brinker International Inc. (EAT) market capitalization has remained high, hitting $24.40 million at the time of writing.

    Wingstop Inc. (NASDAQ: WING)

    Wingstop Inc. (NASDAQ: WING) Shares headed falling, lower as much as -7.25%. The most recent rating by Northcoast, on July 15, 2020, is at a Neutral. Wingstop Inc. (WING) has a 52-weeks low range of $44.27 and a high range of $170.00. It has a total market capitalization of $4.13 billion at the time of writing.

    Ruth’s Hospitality Group Inc. (NASDAQ: RUTH)

    Ruth’s Hospitality Group Inc. (NASDAQ: RUTH) last closed at $11.19, in a 52-week range of $2.32 to $25.77. Analysts have a consensus price target of $9.25. Ruth’s Hospitality Group Inc. (RUTH) stock has fluctuated between the 52-weeks low range of $2.32 and a high range of $25.77. Ruth’s Hospitality Group Inc. (RUTH) market capitalization has remained high, hitting $386.61 million at the time of writing.

    Red Robin Gourmet Burgers Inc. (NASDAQ: RRGB)

    Red Robin Gourmet Burgers Inc. (NASDAQ: RRGB) Shares headed falling, lower as much as -6.48%. The most recent rating by Maxim Group, on November 07, 2019, is at a Buy. Red Robin Gourmet Burgers Inc. (RRGB) has a market capitalization of $183.60 million at the time of writing.