I updated the reverse DCF model to show what markets are now pricing in for the stock. With the lower stock price, a more modest sales recovery is expected with some elevation in 2025 and 2026. The EBIT margin is expected to rise into 3.0%, down from the previous 4.0% estimate. The margin leverage still estimates very good improvements. The cash flow conversion should still be good with capital expenditures largely being put on halt. Red Robin's Bleak Q1 Financials Takeaway Red Robin Gourmet Burgers, Inc. ( ...