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
$8.83
Day's Change
-0.0185 (-0.21%)
Bid
--
Ask
--
B/A Size
--
Day's High
8.90
Day's Low
8.63
Volume
(Light)

Today's volume of 106,944 shares is on pace to be much lighter than RRGB's 10-day average volume of 464,193 shares.

106,944

Cash App users can now invest in stock and bitcoin with their spare change

7:46 am ET June 30, 2022 (MarketWatch)
Print

By Emily Bary

Those using the Cash Card can opt to have spare change invested in a chosen stock or in bitcoin

Block Inc. seems positioned to drive more links between its various offerings with a new feature that lets users automatically invest the spare change from Cash Card debit purchases in the stock market or into bitcoin.

Block, which houses the Square merchant business and the Cash App mobile wallet, said Wednesday that Cash Card users would be able to round up the amount of any purchase and opt for the balance to be invested into a preferred stock or bitcoin. Block (SQ) sees the move as an attempt to make investing more approachable to its users.

"For first-time investors, getting started can feel daunting and complicated," Ryan Budd, the head of Cash App's financial services, told MarketWatch in an email. "At Cash App we're focused on making our financial products easy to use and accessible to everyone."

Various other services, including Acorns, have also tried to make it easier for people to put spare change toward investments.

While the Cash App began as a platform for users looking to send money to friends, it has evolved into a broader hub for personal finance. The Cash Card debit card links to a user's account and allows for the purchase of in-store or online items. The Cash App also has a stock-trading platform on which people can buy fractional shares of equities or bitcoin through an interface that Block maintains is appealing to regular people, in part due to an emphasis on company logos rather than ticker symbols.

Block saw more than 15 million monthly active users of its Cash Card product during March. Additionally, four million accounts either traded or held stock on the Cash App platform that month.

The round-up announcement suggests that while there is likely overlap between users of those two services, the company sees opportunity to drive further links between them.

"We're excited when our products can work together like this to provide great value and ease for our customers," Budd told MarketWatch. He noted that the round-up feature will also be compatible with the Cash App Boost program, which lets users choose from a rotating array of rewards, such as 15% off a purchase at Shake Shack Inc. (SHAK)

More generally, Block has been looking to realize synergies between different elements of its business, including for loyalty programs and buy-now pay-later purchases.

-Emily Bary

	

(END) Dow Jones Newswires

June 30, 2022 07:46 ET (11:46 GMT)

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