Red Robin ( RRGB - Analyst Report ) was recently upgraded as well, but trades at 21 times forward earnings.

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Still, even with the clouded short term earnings picture, investors should note that RRGB has a stellar record when it comes to earnings surprises.

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This is further confirmed by the relatively positive ranking of the restaurant industry from a Zacks Industry Rank perspective, meaning that RRGB is in pretty good company.

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