Benchmark lowered the firm’s price target on Red Robin to $18 from $22 and keeps a Buy rating on the shares. The firm’s new target reflects lowered FY25 EBITDA estimates Red Robin reported Q4 sales upside, but delivered less restaurant level margin improvement than the firm had modeled.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on RRGB: