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Actionable news in RRGB: Red Robin Gourmet Burgers, Inc.,

Red Robin Gourmet Burgers (RRGB) Stock Plummets on Q1 Revenue Miss

NEW YORK (TheStreet) -- Red Robin Gourmet Burgers (RRGB) stock is plunging 12.15% to $54.46 on heavy trading volume Tuesday morning after reporting 2016 first quarter revenue that fell short of analysts' expectations.

Before the market open, the burger chain reported that revenue increased 1.8% year-over-year to $402.1 million, but missed analysts' estimates for $415 million.

Comparable-restaurant sales fell 2.6% during the most recent period, as the number of guests visiting the restaurants declined 4.1%.