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Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) stock has tumbled to a 52-week low, touching down at $2.95. This latest price level reflects a stark downturn for the casual dining restaurant chain, which has seen its shares plummet by 53.37% over the past year. InvestingPro data reveals concerning fundamentals, with the company's financial health score rated as WEAK and revenue declining by 4.18% in the last twelve months. The significant drop underscores the difficulties faced by the company in a challenging economic environment marked by shifting consumer habits and increased competition. With a substantial debt burden of $585 million and a concerning current ratio of 0.52, investors are closely monitoring Red Robin's strategic initiatives as the company strives to revitalize its brand and financial health. InvestingPro subscribers can access 17 additional key insights and a comprehensive Pro Research Report for deeper analysis of RRGB's current situation and future prospects.
In other recent news, Red Robin Gourmet Burgers Inc. reported its fourth-quarter 2024 earnings, revealing a significant shortfall in both earnings per share (EPS) and revenue compared to forecasts. The company posted an EPS of -0.94, which was notably below the expected -0.29, and revenue for the quarter was $258.2 million, missing the forecast of $285.62 million. Despite these results, Red Robin's stock saw a significant rise in aftermarket trading. The company has announced plans to close 10-15 underperforming restaurants in 2025 as part of its strategic initiatives. Additionally, Red Robin introduced new menu items and operational updates aimed at driving future growth. The company also reported an adjusted EBITDA of $12.7 million, which is an improvement of $2 million year-over-year, suggesting better cost management. Looking forward, Red Robin has set a revenue guidance for 2025 between $1.225 billion and $1.250 billion, with expectations for modestly positive same-store sales growth.
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