Share Name Share Symbol Market Type Share ISIN Share Description
Restaurant Gp LSE:RTN London Ordinary Share GB00B0YG1K06 ORD 28 1/8P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -15.10p -4.38% 330.00p 329.90p 330.00p 341.50p 324.40p 339.60p 1,374,839.00 15:59:50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 685.4 86.8 33.8 9.8 663.51

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Restaurant Group (RTN) Discussions and Chat

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Date Time Title Posts
08/12/201613:15RTN With Charts1,601.00
17/11/201408:01RTN, HILS & PCTN on the menu today.-
09/3/201116:57Restaurant Group133.00
18/9/200916:10Shareholder perks4.00
11/1/200317:58RAYTHEON (US) - A GREAT STOCK IN TIMES OF WAR5.00

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Restaurant Group (RTN) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
15:58:52330.001,1003,630.00AT
15:58:52330.00100330.00AT
15:57:55330.20200660.40AT
15:57:25330.20222733.04AT
15:57:25330.204951,634.49AT
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Restaurant Group (RTN) Top Chat Posts

DateSubject
08/12/2016
08:20
Restaurant Group Daily Update: Restaurant Gp is listed in the Travel & Leisure sector of the London Stock Exchange with ticker RTN. The last closing price for Restaurant Group was 345.10p.
Restaurant Gp has a 4 week average price of 351.68p and a 12 week average price of 367.91p.
The 1 year high share price is 692p while the 1 year low share price is currently 230p.
There are currently 201,063,045 shares in issue and the average daily traded volume is 1,117,658 shares. The market capitalisation of Restaurant Gp is £663,508,048.50.
28/11/2016
11:05
philanderer: HSBC starts Restaurant Group at 'reduce', says path to recovery will be 'bumpy' (ShareCast News) - HSBC initiated coverage of Restaurant Group at 'reduce' with a 290p price target, saying there is a gap between the current share price and the likely pace of recovery at the company. The bank pointed out that Restaurant Group was one of the UK's most successful restaurant operators for almost a decade, but recent issues caused by pushing hard on prices, inconsistent service levels and a confused proposition have resulted in a series of profit warnings. "Now, with a new management team in place, a recovery plan is taking shape, although the path is likely to be bumpy given that the restaurant operator has experienced a breadth of issues, along with near term cost and competitive headwinds also working against them. "Given management's recovery plan, we expect the decline in like-for-like sales to ease over the next two years, though turning around the leisure estate will not be easy to do." The bank - whose forecasts are 20% lower than consensus - expects full-year 2017 pre-tax profit to struggle to match 2016 due to food price inflation, the national living wage, a weaker pound and rising competition. HSBC expects LFL sales to remain negative until 2018, recovering thereafter. "Several industry experts and consultants are even more cautious on the timeline to recovery as the competition command greater brand presence which could eat into Restaurant Group's lunch," it said. HTTP://www.sharecast.com/news/hsbc-starts-restaurant-group-at-reduce-says-path-to-recovery-will-be-bumpy/25261342.html
06/10/2016
14:09
thevaluehunter: Tasty is trading on EV/EBITDA of 15x and they have put through a proportionately bigger impairment charge compared to restaurant group and the share price pretty much doesn't get hammered. I just don't understand why RTN gets valued at <6x EBITDA whilst all the peers get 10-15x.
09/9/2016
09:38
thevaluehunter: Reminds me of the city analysts covering rtn. I think some of them are going to look rather silly when rtn delivers the +£130m of ebitda and the share price goes to £6.00.
02/9/2016
22:01
thevaluehunter: GBK restaurants sold for £120m on EV/EBITDA 12.5x multiple. The restaurant group current market cap = £770m on EBITDA of £127m - share price is unlikely to stay half price for long!
30/8/2016
23:40
henrik viking: Gentlemen , I maintain that we will see further downside from here , very little point in looking at RTN from a technical point of view . The share price could easily fall another 20% over the next month , as I expect the new CEO to make some tough decisions across several of their business divisions . Note the comment in the Company's result statement : From some initial diagnostic work undertaken, it is evident that some of the issues identified in Frankie & Benny's are also apparent in these brands. We will therefore be undertaking a thorough review of their propositions, pricing structure and menu architecture. Meaning other leisure brands are underperformance as well. New CEO will most likely have to make further impairment charges and might even have a rights issue during the quarter.I agree there will always be a M&A chance , as the competitive environment for some of their brands have increased significantly . However Their Gastro pub division should continue to expand . So my target price post new CEO is 290-310 This also reflects a more realistic view of consumer spending after our post Brexit / amazing weather rally in leisure and retailing stocks .
26/8/2016
11:59
philanderer: Daily Mail: The next phase of the review will look at Mexican-style restaurant Chiquito, American chain Coast To Coast, Joe's Kitchen and Garfunkel's. Analysts at Numis said they were ‘impressed&rsquo; with the speed with which management has responded, especially in addressing Frankie & Benny's, and that the appointment of Andy McCue as chief executive was ‘strategically important’. ‘We expect him to prioritise stabilisation of the F&B brand, but we also see scope for more effective capital allocation. The decision to close 33 underperforming sites seems a sensible start,’ Numis added. Helal Miah, investment research analyst at The Share Centre, said: 'Restaurant Group is a favoured share in the sector but the recent updates and subsequent performance of the share price has seen any profit quickly disappear. 'We continue to highlight the shares as a higher risk buy for contrarian investors only, who either see the company as a tempting proposition to a predator or believe its strong brands will enable management to address the recent problems.' Read more: HTTP://www.thisismoney.co.uk/money/markets/article-3759719/Frankie-Benny-s-owner-shut-33-restaurants-posts-loss-customers-higher-prices-menu-change.html#ixzz4IRGoHX5S
15/8/2016
13:39
che7win: (ShareCast News) - Canaccord Genuity has raised its rating on Restaurant Group to 'buy' from 'hold' and lifted its target price to 550p from 276p.The broker said the upgrade on the owner of Garfunkels follows the replacement of chief executive Danny Breithaupt with Andy McCue, former chief of Paddy Power. The ousting of the CEO comes after a string of profit wanrings and a share price collapse."New CEO Andy McCue was CEO of Paddy Power where he embedded a new growth strategy which delivered record revenues and profits, as well as playing a main role in the merger with Betfair," Canaccord said.Canaccord said the executive team has also been strengthened by the appointment of Barry Nightingale as chief financial officer and Spencer Ayers as new managing director for its Frankie & Benny's business.Looking ahead to the company's strategic review on 26 August, Canaccord said: "We highlight a checklist of actions that investors should expect to read in the review: exit poorly performing sites, continue to develop the brand portfolio, reposition Frankie & Benny's, reduce and re-direct capex, improve digital marketing capability, reduce the overheads, review returns to shareholders including share buybacks."Canaccord said the problems Restaurant Group faces are "not unique" but believes that the business is "fixable"."Maturing brands inevitably require constant innovation and occasional reinvention and there are many positive case studies in the market that suggest it can be done."Shares fell 0.24% to 416.70p at 0949 BST on Monday.
12/8/2016
22:34
philanderer: Investors Chronicle TIP UPDATES: It’s the start of a new era for Restaurant Group (RTN). Not that Danny Breithaupt’s tenure as chief executive lasted all that long. Mr Breithaupt joined the company as far back as 2001, but took over the top job in September 2014. But since that point, the group’s share price has lost a significant amount of value, down 40 per cent alone just year-on-year, which has forced the board to re-evaluate its options. In short, Mr Breithaupt is out and Andy McCue - former chief operating officer and interim chief executive at Irish gambling group Paddy Power - is in. The shares have responded well to the news, up 10 per cent in early trading, so we’re hoping recovery is on the horizon. Buy. HTTP://www.investorschronicle.co.uk/2016/08/12/shares/news-and-analysis/news-tips-restaurant-group-epwin-genus-more-lDBEFuLTFOTpB7TFKIVObM/article.html
12/8/2016
13:53
gary1966: Bend1pa, The business has remained very profitable and cash generative and this was ignored by the market as L4L declined, even though overall sales were going up. It was grossly oversold and clearly the city wanted to see a new broom. Clearly the city like the new guy and so can start looking at the fundamental business again. Going by the positivity from the brokers today, hopefully there is much more to come in share price appreciation. There is also the possibility of a bid as the right buyer will eek out a lot of synergies. That, I don't believe, has been baked in to the share price yet. Gary
13/6/2016
12:50
philanderer: Citigroup note today Restaurant Group PLC (RTN:LSE): Last: 357.10, down 1.5 (-0.42%), High: 361.80, Low: 357.00, Volume: 530.85k BE Difficult Trading Environment At the recent update management highlighted a further deterioration in trading in the leisure business. In this note we revisit the investment case following this recent weak trading. We update estimates in light of guidance. We retain our DCF derived price target at 350p, albeit upgrade our recommendation to Neutral largely on valuation following the recent share price weakness. BE Take-Out Speculation We note recent press commentary which suggests the business may have had interest from private equity. We therefore look at the group on a SOTP basis. We suggest that the current valuation arguably looks attractive, especially when you consider the pre-expansionary cap-ex cash generation of the group at £76.1m 2016e. BE However Headwinds Remain We remain concerned regarding the operating environment however. We undertake a comprehensive Frankie & Benny’s site analysis which suggests the business has significant competition across the estate. We note a number of other headwinds for the group including limited retail & leisure park planned space expansion, slowing consumer foodservice spend growth, weak retail lfl environment, poor brand perception, cost pressures and returns fading. BE Recommendation Upgrade, But Caution Continues Whilst we raise our recommendation (to Neutral) largely on the basis of valuation, we retain an overall cautious stance at this stage. We await conclusion of the ongoing strategic review which be announced at the FY16e interim results in August. Estimates Updated We have revised our estimates following the recent trading update reducing our LFL growth assumptions and assuming a slower new site rollout. We cut adj EPS by -12%, -17% and -17% for FY16E, FY17E and FY18E. Valuation and Recommendation Our DCF based valuation remains unchanged at 350p with downward revision to our earnings offset by lower capex assumptions. At current levels the shares trade on a CY17E PE of 12.3x and adj. EV/adj. EBIT of 9.9x, with a 4.5% expected dividend yield. BE None of which is awfully interesting, though there are some cracking charts once you get into the detail. BE Take-Out Speculation We note recent press commentary which suggests the business may have had interest from private equity. We therefore look at the group on a SOTP basis. We suggest that the current valuation arguably looks attractive, especially when you consider the pre-expansionary cap-ex cash generation of the group at £76.1m 2016e. BE However Headwinds Remain We remain concerned regarding the operating environment however. We undertake a comprehensive Frankie & Benny’s site analysis which suggests the business has significant competition across the estate. We note a number of other headwinds for the group including limited retail & leisure park planned space expansion, slowing consumer foodservice spend growth, weak retail lfl environment, poor brand perception, cost pressures and returns fading. BE Recommendation Upgrade, But Caution Continues Whilst we raise our recommendation (to Neutral) largely on the basis of valuation, we retain an overall cautious stance at this stage. We await conclusion of the ongoing strategic review which be announced at the FY16e interim results in August. Estimates Updated We have revised our estimates following the recent trading update reducing our LFL growth assumptions and assuming a slower new site rollout. We cut adj EPS by -12%, -17% and -17% for FY16E, FY17E and FY18E. Valuation and Recommendation Our DCF based valuation remains unchanged at 350p with downward revision to our earnings offset by lower capex assumptions. At current levels the shares trade on a CY17E PE of 12.3x and adj. EV/adj. EBIT of 9.9x, with a 4.5% expected dividend yield. HTTP://ftalphaville.ft.com/marketslive/2016-06-13/
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