Why Is Red Robin (RRGB) Up 0.8% Since Last Earnings Report?

Red Robin reported first-quarter fiscal 2024 results, with earnings and revenues missing the Zacks Consensus Estimate. Earnings missed the consensus estimate for the second straight quarter. As of Apr 21, 2024, Red Robin had cash and cash equivalents of $30.6 million compared with$23.6 million as of Dec 31, 2023. Long-term debt, as of Apr 21, 2024, was $162 million compared with$182.6 million in the prior-year quarter. Inventories in the quarter were $27.1 million compared with$26.8 million in the previo ...