Looking Into Red Robin Gourmet Burgers's Return On Capital Employed
Portfolio Pulse from Benzinga Insights
Red Robin Gourmet Burgers (NASDAQ:RRGB) reported Q1 sales of $417.97 million and a loss of $3.10 million. The company's Return on Capital Employed (ROCE) was -0.66%, suggesting inefficient capital allocation. However, Q1 earnings per share of $0.25 beat analyst predictions of -$0.57.
May 25, 2023 | 3:03 pm
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Red Robin Gourmet Burgers reported better-than-expected Q1 earnings per share, but a negative ROCE of -0.66% indicates inefficient capital allocation.
Red Robin Gourmet Burgers reported better-than-expected Q1 earnings per share, which is a positive sign for investors. However, the negative ROCE of -0.66% indicates that the company may not be effectively allocating its capital, which could negatively impact its long-term performance. The combination of these factors results in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100