RED ROBIN GOURMET BURGERS, INC. ANNOUNCES INVESTMENT AND APPOINTS NEW INDEPENDENT DIRECTORS
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 03 2024
0mins
Source: Newsfilter
Investment and Board Changes: Red Robin Gourmet Burgers, Inc. announced an additional investment of $8.3 million from JCP Investment Management and Jumana Capital to strengthen its balance sheet and support its strategic initiatives, alongside the appointment of James C. Pappas and Christopher Martin to its Board of Directors.
Debt Reduction Strategy: The investment aims to reduce debt through increased operating cash flow and potential selective franchising, with a focus on enhancing long-term shareholder value while continuing to deliver quality dining experiences.
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Analyst Views on FCN
Wall Street analysts forecast FCN stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for FCN is 165.00 USD with a low forecast of 165.00 USD and a high forecast of 165.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 174.600
Low
165.00
Averages
165.00
High
165.00
Current: 174.600
Low
165.00
Averages
165.00
High
165.00
About FCN
FTI Consulting, Inc. is a global business advisory company. The Company’s segment includes Corporate Finance & Restructuring segment focuses on the strategic, operational, financial, transactional and capital needs of its clients; Forensic and Litigation Consulting segment provides law firms, companies, government entities and other interested parties with a multidisciplinary and independent range of services in risk and investigations and disputes; Economic Consulting segment provides law firms, companies, and government entities with analyzes of economic issues for use in international arbitration and legal and regulatory proceedings and strategic decision-making and public policy debates; Technology segment provides companies, law firms, private equity firms and government entities with a portfolio of digital insights and risk management consulting and data services, and Strategic Communications segment provides corporate reputation, financial communications and public affairs.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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