Red Robin Gourmet Burgers RRGB plunged to a new 52-week low of $48.39 on May 20. Shares of this Seattle, WA-based casual dining restaurant chain declined 22% despite reporting decent first-quarter 2016 results owing to a cut in full year sales and comps growth guidance. Details of the Quarter Red Robin reported mixed first-quarter 2016 results with earnings outperforming the Zacks Consensus Estimate but revenues missing. Earnings rose 15.5% year over year on higher revenues and growth in adjusted EBITDA. Revenues of $402 million grew 1.8% year over year. However, comps were weak in the quarter. Company-owned restaurants’ comps declined 2.6% as against prior-quarter comps growth of 2.1% due to weak traffic trends. A 4.1% decline in traffic offset a 1.5% increase in average guest check. Restaurant-level operating profit margin decreased 50 basis points (bps) to 22.5%. Adjusted EBITDA rose 8.5% to $51.0 million from $47 million in the first quarter of 2015. Full-Year Guidance Lowered Red Robin lowered its total revenue growth guidance for 2016 from the range of 8.5% to 9.5% to 8%. The comps growth guidance was lowered to flat to slightly negative from the previous expectation of an increase in a low single digit range. Adjusted EBITDA in 2016 is likely to range between $150 million and $155 million. Red Robin currently carries a Zacks Rank #4 (Sell). Stocks to Consider Stocks which are better-ranked in the same sector are Carrols Restaurant Group, Inc. TAST, Dave & Buster's Entertainment, Inc. PLAY, and Restaurant Brands International Inc. QSR. All these stocks sport a Zacks Rank#1(Strong Buy). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report RED ROBIN GOURM (RRGB): Free Stock Analysis Report CARROLS RESTRNT (TAST): Free Stock Analysis Report RESTAURANT BRND (QSR): Free Stock Analysis Report DAVE&BUSTRS ENT (PLAY): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research