Red Robin stock price rises as 4Q profit doubles

Red Robin stock price rises as 4Q profit doubles

Company plans menu, unit upgrades to keep momentum in 2013

The stock price for Red Robin Gourmet Burgers Inc. rose significantly on Tuesday after the company reported a more than doubling of fourth-quarter profit over the prior year.

During a call to analysts following the fourth-quarter and full-year financial reports, the company also reiterated traffic-driving plans for 2013 — including the previously announced test of new premium burgers — while warning of continued volatility in consumer discretionary spending.

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