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The Restaurant Group

May 2017

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:
  • 344p
Broker Liberum suggests management are confident of the turnaround task following last month’s results, which showed an 11% reduction in both pretax profit and eps to £77.1m and 30.0p.The strategy now is based on rebuilding value in the core brands, Frankie & Benny’s (258 units), Chiquitos (79 units) and Coast to Coast (21) as well as 57 Pub restaurants and 59 concessions.After last year’s hiccoughs, there will be a menu revamp and price cuts at Frankie & Benny’s (F&B) by end of March, plus investment in marketing to rebuild the number of visits, which has declined 23% (and 16% at Chiquito) since 2012. F&B changes include increasing the number of main menu items under £10 fr ...

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