image

Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

Latest issue now available

SIGN UP NOW
Updates

Restaurant Group - Broker price target: 385p

May 2011

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:
  • 312p
Restaurant Group, the owner of Frankie & Bennys, Chiquito and Garfunkels, ably demonstrated how value-for-money family oriented eateries can thrive in the credit  crunch with final results slightly ahead of expectations. On turnover, which rose 7% to £466m, its pretax profit increased 12% to £56m and eps rose 14% to 20p. Strong cash generation pared net debt by £20m to £47m, leaving net debt to EBITDA at just 0.5 times. In its leisure division (profits up 5% to £72.9m) all its main concepts made progress except Chiquito's as it had limited scope to raise prices last year, while the 1% fall in like-for-like sales mainly reflects the unseasonal snow. Last year saw 24 new restaurant openi ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Related Articles

Restaurant Group (November 2023)
Restaurant Group (September 2023)
Restaurant Group (June 2023)
Restaurant Group - New target to increase EBITDA margin 2.5-3.5% by FY’25 (May 2023)
Restaurant Group - Cheerier outlook married to ambitious EBITDA margin targets (April 2023)
Restaurant Group - Acquires Mexican restaurant chain (September 2022)
Restaurant Group (July 2022)
Restaurant Group (May 2022)
Restaurant Group (March 2022)
Restaurant Group - EBITDA guidance upgraded 33% (January 2022)
Restaurant Group - Wagamama shooting the proverbial lights out (November 2021)
The Restaurant Group (April 2020)
The Restaurant Group (November 2019)
The Restaurant Group (January 2019)
Restaurant Group - To buy Wagamama (December 2018)
The Restaurant Group (May 2018)
Restaurant Group - Two directors bought shares (March 2018)
The Restaurant Group (November 2017)
The Restaurant Group (May 2017)
The Restaurant Group - Challenging Q4 leads to downgrades (March 2017)
Restaurant Group - Strategic review signals potentially dramatic recovery (October 2016)
Restaurant Group - Full operating review launched (June 2016)
Restaurant Group (April 2016)
The Restaurant Group - More cautious outlook (March 2016)
The Restaurant Group (November 2015)
Restaurant Group - Affordable restaurant firm’s remarkable growth record looks set to continue (April 2015)
The Restaurant Group (October 2014)
Restaurant Group - To open 36-43 outets this year (July 2014)
Restaurant Group - To open 36-43 outets this year (April 2014)
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)
Restaurant Group - Cranking up new openings to 30-35 a year (July 2013)
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 - Shares approaching £3 (February 2011)
Restaurant Group - Cash generative restaurant chain could attract bid (October 2010)
The Restaurant Group (April 2010)
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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X