Red Robin Gourmet Burgers Inc.RRGB operates, and franchises casual-dining and fast-casual restaurants in the United States and Canada.Red Robin has been consistently delivering strong comps growth driven by the brand transformation initiatives, prudent menu presentation and the rollout of Ziosk tabletop tablets.Red Robin’s loyalty program — Red Robin Royalty — continues to add new members and has been boosting traffic. Additionally, the company’s new service methods, and innovative menu items have added to revenue growth.Investors should note that there has hardly been any estimate revisions for RRGB over the last 30 days. Meanwhile, RRGB has a decent history in the earnings season. Red Robin has delivered positive earnings surprise in all of the past four quarters with an average positive surprise of 10.81%. However, the company has posted negative revenue surprises in three of the trailing four quarters.Currently, RRGB has a Zacks Rank #3 (Hold), but that could change following Red Robin’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:Earnings: RRGB beat on earnings. Our consensus earnings estimate called for earnings of $1.10 per share, and the company reported EPS of $1.27 cents. Investors should note that these figures take out stock option expenses.Revenues: RRGB reported revenues of $402.1 million. This missed our consensus estimates of $416 million.Key Stats to Note: Comparable restaurant revenue on a constant currency basis decreased 2.6% in the first quarter, aided by 1.5% increase in average guest check, offset by a 4.1% decrease in traffic.Restaurant-level operating profit margin was 22.5% in the first quarter of 2016, down 50 basis points (bps) year over year.Meanwhile, the company lowered its total revenues guidance for 2016 from the range 8.5% to 9.5% and expects it to grow around 8% in 2016.However, the comps growth guidance was lowered to flat to slightly negative range from previous expectation of an increase in the low single digits.Share Price Impact: Shares declined 8.5% pre - market trading.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 To read this article on Zacks.com click here. Zacks Investment Research