Craig-Hallum analyst Jeremy Hamblin raised the firm’s price target on Red Robin (RRGB) to $10 from $8.50 and keeps a Buy rating on the shares. After the company posted preliminary Q4 results and following the firm’s meeting with management at ICR, Craig-Hallum is “enthusiastic” at the opportunity for Red Robin’s stock in the first half of 2025. Q4 results saw a significant acceleration on same-store sales driven by an improved loyalty program and successful marketing, the firm adds.
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Read More on RRGB:
- Red Robin sees Q4 revenue $285.2M, consensus $279.32M
- Closing Bell Movers: International Seaways up 8% on S&P600 inclusion
- Red Robin files to sell 1.6M shares of common stock for holders
- Red Robin price target lowered to $5.50 from $6 at Jefferies
- Red Robin up 9% at $5.74 in pre-market after announcing JCP/Jumana investment
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