Red Robin Gourmet Burgers, Inc Buyback
OLI recorded this information on 11/19/2012
Company:
Red Robin Gourmet Burgers, Inc
Buyback:
RRGB buyback
$Amount Authorized:
$50,000,000
Buyback Details:
Red Robin Gourmet Burgers, Inc, a casual dining restaurant chain focused on serving an innovative selection of high-quality gourmet burgers in a family-friendly atmosphere, today announced that the Company's Board of Directors reauthorized its share repurchase program currently set to expire December 31, 2012. The Board has approved the repurchase of up to $50 million in the Company's common stock. The share repurchase authorization is effective the earlier of January 1, 2013, or upon completion of the current authorization, and will terminate upon completing repurchases of $50 million of common stock unless otherwise terminated by the Board.
Red Robin Gourmet Burgers, together with its subsidiaries, operates, franchises, and develops restaurants in North America serving burgers with Bottomless Steak Fries®. Co.'s menu features its primary product, a line of Gourmet Burgers which it makes from ground beef. To complement its Gourmet Burgers, Co. provides a line of Red's Tavern Double® burgers, and its Finest line made with toppings. In addition to burgers, Co. serves an array of other items, including a variety of shareable foods like Donatos® pizza, wings, salads, other entrees, and desserts. Co.'s beverages include alcoholic and non-alcoholic specialty drinks, cocktails, wine, and a variety of national and craft beers.
Open the RRGB Page at The Online Investor »
|
Open the RRGB Page at The Online Investor (in a new window) »
Free RRGB Email Alerts: Get SEC Filing Alerts Get Dividend Alerts |
Buy (2.67 out of 4) 10th percentile
(ranked lower than approx. 90% of all stocks covered)
Analysts' Target Price: RRGB Stock Forecast Based on Zacks ABR data; powered by Xignite |