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The Restaurant Group

November 2015

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:
  • 692p
As with most leisure / retail firms, shares in  Restaurant Group, the owner of Frankie & Bennys, Chiquito and Garfunkels, have endured a soggy patch following the shock hike that was unveiled in the budget in the national minimum wage to £7.20 next April, rising to around £9 by 2020. The group has been fairly sanguine and “whilst mindful of the cost implications is actively taking steps to mitigate the impact through continued focus on operational efficiencies.”Latest interims showed revenues rising 8% to £334m and pretax profit increasing 10% to £36.9m. Sales growth benefited from 12 new openings while like-for-like sales grew 2.5%. Operating profit margins rose 0.1% with those efficien ...

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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)
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 - Broker price target: 385p (May 2011)
Restaurant Group - Shares approaching £3 (February 2011)
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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.

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