Benchmark analyst Todd Brooks raised the firm’s price target on Red Robin to $18 from $14 and keeps a Buy rating on the shares after having hosted senior management for a group meeting that highlighted the operational steps that are being taken to improve customer satisfaction and company results. Some specificity was provided on early wins from the North Star strategic improvement plan as well as further detail around early benefits that should be delivered in the near term, the firm tells investors following its meeting.
Published first on TheFly
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