Red Robin seeing ‘visible’ progress at restaurants, says CL King

CL King analyst Andrew Wolf made no change to the firm’s Neutral rating on Red Robin after hosting the company’s CEO and CFO. Following the virtual fireside chat and restaurant checks, the firm remains “impressed” with Red Robin’s turnaround strategy and execution, including visible progress at the restaurants, particularly in terms of the service aspect of the guest experience, the analyst tells investors in a research note.