Red Robin Gourmet Burgers Inc
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Consumer Discretionary : Hotels, Restaurants & Leisure | Small Cap Value
Company profile

Red Robin Gourmet Burgers, Inc., together with its subsidiaries, primarily operates, franchises, and develops full-service restaurants in North America. The Company's menu features a line of Gourmet Burgers made from fresh ground beef, as well as line of Red's Tavern Double burgers, and Red Robin's Finest line made with toppings. It also offers burgers made with other proteins, including chicken breasts (grilled or fried), turkey patties, as well as a vegetarian patty and the plant-based burger patty. The Company offers a range of buns, including gluten free, sesame, brioche, and lettuce wraps, with a variety of toppings, including house-made sauces, crispy onion straws, sauteed mushrooms, several cheese choices, and a fried egg. Its beverages include alcoholic and non-alcoholic specialty drinks, cocktails, wine, and a variety of national and craft beers. The Company also offer a range of single-serve and shareable desserts, as well as its milkshakes.

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Today's volume of 101,645 shares is on pace to be much lighter than RRGB's 10-day average volume of 464,193 shares.


Blackstone paying $7.6 billion for PS Business Parks

9:18 am ET April 25, 2022 (MarketWatch)

PS Business Parks Inc. shares jumped 11% in premarket trades on Monday after it agreed to be acquired by Blackstone Inc.'s (BX) real estate unit in a deal valued at $7.6 billion. Blackstone will pay $187.50 a share, a premium of 15% over the PB Business Parks volume weighted average share price over the last 60 days. Blackstone is buying PSB's 27 million square foot portfolio of industrial, business park, traditional office, and multifamily properties mostly in California, Miami, Texas and Virginia. The deal includes a go-shop period that will expire on May 25 to consider other offers. Public Storage (PSA), holder of about 25.9% of the outstanding PSB shares, will vote its shares in favor of the transaction, which expected to close in the third quarter. David Levine, co-head of Americas acquisitions for Blackstone Real Estate, led the deal. Shares of PS Business Parks are down 9% so far in 2022, compared to 10.4% loss by the S&P 500 .

-Steve Gelsi


(END) Dow Jones Newswires

April 25, 2022 09:18 ET (13:18 GMT)

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