Shares of these struggling restaurant chains have just broken multi-year support and dropped to all-time lows.

Investors need to pay close attention to Red Robin (RRGB) stock based on the movements in the options market lately.

Beginning today, Red Robin Gourmet Burgers and Brews, the casual dining restaurant famous for serving craveable, high-quality burgers to guests of all ages in a welcoming and fun environment, is offering $1.99 kids' meals all day, every day with purchase of an entrée, for a limited-time at participating locations. Now through April 12, guests can take advantage of the offer on all To-Go and delivery purchases by placing an order at www.RedRobin.com or calling your local restaurant. The brand has also extended its free birthday burger offer for current Red Robin Royalty guests – any Royalty members with March or April birthdays are eligible to redeem their birthday burger through the end of May.

Hit by sales declines of more than 70% at times during the past month, Red Robin Gourmet Burgers (Nasdaq: RRGB) announced Tuesday that it is closing 35 stores temporarily and initiating 20% pay cuts for many employees to reduce costs during the coronavirus crisis. It’s the second coronavirus-related actions the full-service eatery has taken this month, following a decision about two weeks ago to eliminate non-essential capital projects this year, including the expanded co-location of Donatos Pizza into a large number of its restaurants. The closings — mostly in mall-based locations where business has been hit especially hard — occurred as of the end of business on April 14, CEO Paul Murphy said.

Red Robin Gourmet Burgers Inc. said Wednesday that it has drawn down what remains of its $300 million credit facility. The restaurant chain has a cash balance of $91 million as of the end of its last fiscal week on March 29. The company has also suspended its guidance for 2020 and the long-term, reduced executive base salaries and board retainer fees by 20% as of March 30, and postponed capital expenditures. Red Robin is still marketing its off-premise business, largely through digital channels. Paul Murphy, Red Robin's chief executive, said in a statement the company's off-premise business, which includes takeout, has more then doubled in the past two weeks. Like other restaurants, dine-in has been suspended at Red Robin due to coronavirus. Red Robin stock has lost more than 70% of its value over the last year while the S&P 500 index is down nearly 10% for the period.

Q3 2019 Red Robin Gourmet Burgers Inc Earnings Call

The private-equity firm had promised to bring about significant change after the Red Robin board rejected its $519 million offer to purchase the restaurant chain.

We recently previewed some of the latest food items we can't wait to try. This week's version is much of the same: family-style meal kits, comfort foods, tasty treats, and a midnight snack that probably shouldn't be allowed during a quarantine.Breakfast: All About The Bagels Being a native Montrealer has its perks in terms of food, especially living in the undisputed capital of bagels. Sorry New York City, we still love you.Preparing a bagel-themed breakfast involves a lot of work and effort. And if there's one thing I want to avoid during a lazy Saturday morning is work and effort. Einstein Bros. listened to my calls with the introduction of its Family Meals.The new Hot & Ready Brunch Box is enough to feed up to eight people. It includes six bagels, one egg sandwich, two bacon and cheddar egg sandwiches, four muffins, four twice-baked hash browns and a tub of cream cheese spread.See Also: 7 New Food Items We Can't Wait To Eat: Shackburger, Big King XL And MoreLunch: Panera Family Feast Panera Bread's new Family Feast bundle has enough or everyone, including the kids. The sandwich chain started selling a box of sandwiches and treats to feed a family of four for just $29.Included in the new bundle is two half sandwiches with plenty of choices, including favorites like Steak & White Cheddar or Chipotle Chicken Avocado Panini Melt. The kids have their choice of Grilled Cheese, Ham or Turkey Sandwich. Included with the box is a whole salad, a family size Mac & Cheese and a Baguette.Snack: Yo Quiero Taco Bell Taco Bell can always be counted on for a delicious snack that is good at any time of the day. The Yum! Brands, Inc. (NYSE: YUM) brand launched its new Flamin' Hot Doritos Locos Tacos. The new item consists of a regular Doritos Locos Tacos but with a flamin' hot crunch. It can be ordered as part of a $2 Flamin' Hot Duo and comes with a medium drink.Dinner Option 1: Guinness Pub Burger TGI Fridays introduced its new Guinness Pub Burger, a true pleaser for the most demanding burger fans. The new menu item includes a Guinness Draught Stout-infused beef patty with all the fixings, including a Guinness-infused glaze and a choice of a side.Dinner Option 2: Wings Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) seems to be best suited to satisfy my chicken wings cravings. The chain is serving up a new Gourmet Wing & Sauce Bar with 50 bone-in wings along with Rance, Bleu Cheese, Buzzard, Whisky River BBQ and Teriyaki sauces on the side.See Also: Celeb Chef Robert Irvine Says Coronavirus Will Permanently Change Restaurant BusinessDessert: Plenty Of Ice Cream Options The summer months are quickly approaching, but ice cream lovers can get a head start with plenty of new options to choose from.First up is Friendly's Family Ice Cream Sundae Kits, loaded with a carton of ice cream of your picking, three toppings, whipped cream, cups, and cones.For those who want to cozy up on the couch with a bit of a boozy treat, Haagen-Dazs brand is for you. The Nestle brand launched multiple new ice creams, including an Irish Cream Brownie, Rum Tres Leches, Bourbon Vanilla Bean Truffle, Stout Chocolate Pretzel Crunch, and Bourbon Praline Pecan.Finally, Wendys Co (NASDAQ: WEN) is re-launching its Frosty cookie sundae that features Ghirardelli chocolate sauce and chocolate chunk cookie bites.Midnight Snack: Beans Beans for a midnight snack during quarantine? What can possibly go wrong?Critical Bean Co. has a new can of baked beans: jalapeno and bacon as part of a partnership with Dude Excellent. If spicy isn't your thing, why not try another flavor, including Dr Pepper baked beans or Buckin' Buffalo beans.See more from Benzinga * Wendy's Charts Could Hint At McDonald's Future, Technician Says * Analyst Says Wendys Can 'Navigate' Through Coronavirus, Upgrades Stock * How Trump Is Handling The Restaurant Biz Amid Coronavirus Outbreak(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Vintage Capital took an 11.6% stake in burger chain Red Robin. Pershing Square increased an investment in Howard Hughes by half a billion dollars.

Sonic Automotive Inc, which operates 95 U.S. car dealerships, started laying off and furloughing about a third of its workforce as the coronavirus pandemic crushed its sales. Then it changed its executives' pay packages - handing them a multimillion-dollar windfall. On April 10, Sonic's board gave its top executives stock options to replace performance-based share awards, regulatory filings show.

Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) ("Red Robin" or the "Company") today announced several measures it is taking in response to the escalating COVID-19 pandemic.

The One Group Hospitality (Nasdaq: STKS), the Denver-based operator of STK steakhouse and Kona Grill, became the latest company to suspend earnings guidance for 2020 on Tuesday, citing “unprecedented market conditions domestically and internationally” from coronavirus. Several of its international locations — including those in Milan, Italy and Doha, Qatar are closed temporarily. Colorado on Monday ordered that in-facility dining and drinking be shut down at bars and restaurants for one month, while Denver officials issued a similar prohibition through May 11.

Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) ("Red Robin" or the "Company") and Vintage Capital Management, LLC ("Vintage"), an investment firm with beneficial ownership of approximately 11.6% of the Company’s outstanding shares, announced today that they have reached an agreement to appoint Anthony Ackil to the Company’s Board of Directors (the "Board"), effective immediately. Mr. Ackil is the fifth independent director to be added to the Board in the past eight months.

Red Robin (RRGB) is undertaking strategic measures to reduce operating expenses and safeguard business during the COVID-19 pandemic.

The Greenwood Village-based restaurant chain had planned to add the pizza restaurant to many stores this year as part of a previously announced partnership.

The activist investor has been adding to his hotel holdings Continue reading...

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) ("Red Robin" or the "Company") today provided an update on its sales performance during the first quarter of 2020 and an operational update on additional measures the Company is taking in response to the ongoing COVID-19 pandemic.

Sonic Automotive Inc , which operates 95 U.S. car dealerships, started laying off and furloughing about a third of its workforce as the coronavirus pandemic crushed its sales. Then it changed its executives' pay packages - handing them a multimillion-dollar windfall. On April 10, Sonic's board gave its top executives stock options to replace performance-based share awards, regulatory filings show.

Red Robin Gourmet Burgers (RRGB) comparable restaurant revenues are likely to decline in first-quarter due to the coronavirus pandemic.

Red Robin (RRGB) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.