RTTNews | Aug 19, 2021 10:12AM EDT

10:12 Thursday, August 19, 2021 (RTTNews.com) - Shares of restaurant chain Red Robin Gourmet Burgers, Inc. (RRGB) are down more than 19% Thursday morning after the company's second-quarter results missed view.

The company reported net loss of $5 million or $0.32 per share, narrowed from net loss of $56.26 million or $4.09 per share in the same quarter a year ago.

Excluding items, loss was $0.22 per share, that missed the average estimate of 5 analysts polled by Thomson Reuters at break even.

Revenue for the quarter increased 71.9% to $276.98 million from $161.12 million last year. The consensus estimate was for $279.99 million.

RRGB is at $19.90 currently. It has traded in the range of $8.55- $41.34 in the last one year.

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