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The Restaurant Group

May 2018

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:
  • 260p
Casual dining chain, The Restaurant Group, showed signs of stabilisation after a difficult 12 months. Results were in line with expectations with pretax profit of £56.7m (2016: £77.1m) and eps of 22.3p (2016: 30p). With capex down from £55m to £33.6m and favourable working capital movements, free cash flow was a strong £84.9m (2016: £78.9m), allowing net debt to fall from £28.3m to £21.6m – just 0.23x EBITDA. A maintained and sustainable full year dividend of 17.4p is a key attraction.Restaurant Group trades from 498 restaurants and pub restaurants through the Frankie & Bennys (259 units), Chiquito (85 units) and Coast to Coast (19 units) brands as well as a growing pubs and ...

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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)
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The Restaurant Group - To open at least 22 outlets in 2011 (October 2011)
Restaurant Group - Broker price target: 385p (May 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)

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