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.

Price
Delayed
$8.85
Day's Change
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--
Day's High
8.90
Day's Low
8.63
Volume
(Light)

Today's volume of 104,958 shares is on pace to be much lighter than RRGB's 10-day average volume of 464,193 shares.

104,958

Caterpillar to move headquarters to Texas from Illinois in fresh blow to the Chicago area

7:39 am ET June 15, 2022 (MarketWatch)
Print

By Claudia Assis

Caterpillar Inc. said Tuesday it will move its global headquarters from Illinois to an existing divisional office in Irving, Texas, in the Dallas--Forth Worth area, in another blow to metropolitan Chicago, which last month lost the Boeing Co. headquarters.

The move is "in the best strategic interest of the company," Chief Executive Jim Umpleby said in a statement. The heavy-machinery maker has had a presence in Texas since the 1960s, it said.

Even with the move, Illinois has the largest concentration of Caterpillar (CAT) employees anywhere in the world, the company said. The headquarters was historically in downstate Peoria, Ill., before a move to the Chicago suburb of Deerfield in 2017.

Boeing (BA) in May said it was moving its global headquarters to Arlington, Va., outside Washington, D.C., promising to keep a "significant presence" in downtown Chicago, where it moved in 2001 from Seattle.

Caterpillar said it would begin the relocation this year, without proving further details.

Texas welcomed Tesla Inc.'s (TSLA) headquarters last year, with Chief Executive Elon Musk blaming the San Francisco Bay Area's lack of affordable housing for the move. Tesla was headquartered in Palo Alto, in the heart of Silicon Valley.

Musk said in 2020 that he had moved to Texas, saying that Silicon Valley has had "too much influence in the world."

Shares of Caterpillar were down 0.4% in midday trading Tuesday. The stock has lost about 0.3% so far this year, contrasting with losses of more than 21% for the S&P 500 .

-Claudia Assis

	

(END) Dow Jones Newswires

June 15, 2022 07:39 ET (11:39 GMT)

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