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Restaurant Group

April 2016

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • RTN
  • Price:
  • 398p
We found the severity of the 35% mark-down in Restaurant Group’s shares post full year results puzzling, given that the broker downgrades for 2016 ranged from 2-6%. Turnover, pretax profit and eps rose 8%, 11.2% and almost 13% respectively to £685m, £86.8m and 33.8p, not bad considering the flooding in Q4 ’15. Results were boosted by 44 new openings, taking the total to 506, but the market was spooked by a deceleration in like-for-like sales to 1.5%. Management blamed this on increased competition in casual dining, erratic trading (weak in midweek but stronger at weekends) and cautious consumer spending. Are people worrying about the June referendum?Its largest chain, Frankie & Benny’s, (14 opening ...

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Restaurant Group - To open 36-43 outets this year (July 2014)
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Restaurant Group - Up to 43 new openings in 2014 (March 2014)
Restaurant Group - Record pipeline of new sites points to acceleration in growth rate (October 2013)
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The Restaurant Group - Net debt almost eliminated (April 2013)
The Restaurant Group - Acceleration in new openings (February 2013)
The Restaurant Group -New openings deliver strong results (December 2012)
Restaurant Group - Accelerating opening programme to 25 - 30 restaurants p.a (November 2012)
Restaurant Group - To open another 25/30 restaurants (April 2012)
Restaurant Group (March 2012)
Restaurant Group (January 2012)
The Restaurant Group - To open at least 22 outlets in 2011 (October 2011)
Restaurant Group - Broker price target: 385p (May 2011)
Restaurant Group - Shares approaching £3 (February 2011)
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The Restaurant Group - Underlying sales turn positive (February 2010)
Restaurant Group - Casual dining firm sees 30% eps upgrades (October 2009)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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