Katie O'Brien
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Katie O'Brien in Senior Content Editor,

Red Robin Rallies After High Earnings Report

Shares of Red Robin Gourmet Burgers (NASDAQ: RRGB) rallied Tuesday after earnings skyrocketed 39%, according to a recent earnings report. In premarket, shares soared 8.3%, hitting $79. 

Profits for the first financial quarter of 2015 rose to $16.6 million at $1.16 earnings per share, MarketWatch reported. These rising numbers prompted the burger chain to raise both their capital spending revenue growth outlook to $170 million and 12.5%, respectively. 

Red Robin announced the earnings were primarily sparked by an increased number of customers eating at restaurants, as well as higher check values. 

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