Restaurant Share Discussion Threads

[volsung] 19/7/2023 12:33

This will probably need an equity raise at some point soon.
Sold

[grafter] 19/7/2023 08:41

Majority of The Restaurant Group divisions performing well -

Performance of new Wagamama sites is seen as having been strong and the plan is to open a further 7-8 new stores a year under the brand.

[66fingers] 12/7/2023 15:02

Many thanks adobbing

[adobbing] 12/7/2023 12:47

Interim Results 2023

The Restaurant Group will announce its Interim Results for the 26 weeks to 2 July 2023 on Wednesday 6 September 2023.

Half-Year Trading Update

The Restaurant Group will provide an update on trading for the first half of 2023 on Wednesday 19 July 2023.

[66fingers] 12/7/2023 11:32

When is the next TRG update?

[adobbing] 30/6/2023 12:22

🥱🥱🥱

[porsche1945] 30/6/2023 11:38

the debt here and chronic management coupled with parabolic inflation and rates and brexit/uk recession, its never going to survive as a listed company. Dump it.

[adobbing] 06/6/2023 12:06

The Restaurant Group PLC (LSE:RTN) (TRG), owner of Wagamama, could see its share price begin to lift once again after the hospitality group struggled post-Covid, research from Deutsche Bank AG (NYSE:DB) found.

Analysts at the bank upgraded the group’s ranking from ‘hold’ to ‘buy’ and increased the price target from 42p to 56.5p.

The German bank said: “We believe we are at the end of the downgrade cycle for TRG.”

A key driver for the upgrade has been the improving sales growth in 2023 as every month has experienced a year-on-year rise – most impressively a 10.3% jump in January and 7.6% in April, according to CGA figures.

Deutsche Bank noted that current data still shows negative volume growth for TRG, highlighting the impact of price increases.

In the second half of 2023, the lender sees “scope for volume recovery” that should outperform the increase in wages and “headline inflation”.

Additionally, the ten percent hike to the national living wage that came into effect in April is expected to help boost disposable incomes and consumer confidence in the UK.

The hospitality group’s principal brand, Wagamama, leads the way in terms of growth, jumping by 9% in April, according to Deutsche Bank.

Just behind at an 8% growth rate in April was the group’s pub brands which include Brunning & Price, one of the top operators in the UK.

However, TRG’s concessions and leisure divisions still appear to be struggling to develop growth momentum, the bank added.

Brands like Frankie & Benny’s and Chiquito have been at the forefront of activist investors' concerns with several shareholders calling for a spin-off of all brands bar Wagamama.

[libertine] 05/6/2023 11:02

Deutsche Bank raises Restaurant Group to 'buy' (hold) - price target 56.50 (42) pence

[adobbing] 31/5/2023 17:48

@ali47fish

If you don’t know what relevance it is to RTN, what are you doing posting here?

[libertine] 31/5/2023 16:01

ali47fish

With just a tiny bit of research I think you could answer that for yourself.

[ali47fish] 31/5/2023 15:25

addobbing what's all this and what relevance to rtn

[adobbing] 31/5/2023 13:22

Brunning & Price consumers’ ‘top pub operator’

Sector survey: Brunning & Price performed best in a number of PubTrack's metrics

Multiple business Brunning & Price has come out best in new research of consumers’ top operators, according to a survey that has analysed the performance of top pub groups.

CGA by NIQ has launched PubTrack, which combines CGA’s Outlet Index and insights from about 10,000 demographically representative consumers in a bid to provide definitive measures of the levels of recommendations, revisit, satisfaction and more.

It aims to help all pub operators analyse their consumers and benchmark themselves against competitors.

The research breaks down a number of metrics such as region, guest choice drivers as well as trends in areas including trade-ups, venue types and drinks categories.

Brunning & Price came out on top based on a combination of revisit, recommend and satisfaction scores with McMullen & Sons, Brakspear, Daniel Thwaites and Everards all in the top five.

Survey metrics

Top five pub operators, according to PubTrack:

Brunning & Price

McMullen & Sons

Brakspear

Daniel Thwaites

Everards

The survey also looked at specific metrics such as NPS scores where Brunning & Price once again topped the list, with Everards and McMullen & Sons also in the top three.

The 80-strong business came out at number one on the likelihood to revisit metric, followed by McMullen and JD Wetherspoon (JDW).

Meanwhile, Daniel Thwaites and Everards ranked behind Brunning & Price in second and third on the likelihood to recommend to friends and family aspect.

However, when looking at satisfaction, Brunning & Price was second to south west-based operator St Austell, with Brakspear in third.

Value for money was another metric looked at as part of PubTrack and JDW led the way in the rankings, followed by Amber Taverns and Cameron’s.

[adobbing] 16/5/2023 10:41

🥱🥱🥱

[porsche1945] 16/5/2023 10:30

Can’t believe I was able to bail out of this dogshxt as 118. Phew. Andy Hornby has watched the price tank by 73pc since he took over, he is the kiss of death wherever he has been. This will end up in the hands of bondholders, too much debt and U.K. recession will be brutal, country is fxcked. Shareholders here will be wiped out.

[1224saj] 14/5/2023 19:05

Interest article regarding Coltrane Asset Management in the Sunday Times. They want Hornby " to be open to all strategic options"

[farrugia] 10/5/2023 11:00

this stock has been a nothing compared to USA restaurant stocks - check tickers like Wing, Chipotle to see how they've been faring.

[adobbing] 05/5/2023 12:08

23 restaurants closing this month including Frankie and Benny's and Chiquito

The Restaurant Group (TRG), which owns both Frankie and Benny's and Chiquito, expects it will save around £5million by closing its "loss-making restaurants"

More Frankie and Benny's sites will be closing this month
Both Frankie and Benny's and Chiquito will be closing a number of restaurants over the next few weeks as the chain looks to try and cut costs.

The Restaurant Group (TRG), which owns both the American Italian and Tex Mex chains, expects it will save around £5million by closing its "loss-making restaurants" when it announced the closure of 35 sites earlier this year.

The group announced on Tuesday that it had brought forward its plans to shut these sites after it negotiated to exit a number of contracts ahead of schedule.

By the end of this month, 18 Frankie and Benny's will shut and four Chiquito restaurants will close.

Separately, the group will also be closing one of its Firejacks steak house chains too.

Official dates for each individual closure has not been confirmed by the group.

A Restaurant Group spokesperson told The Sun: "We announced a review of our leisure estate in March and made the difficult decision to exit some of our Frankie and Benny's and Chiquito sites.

"We are working closely with our impacted teams and will look to redeploy colleagues to neighbouring sites across our wider estate wherever possible."

The Restaurant Group currently runs 410 venues across the UK which includes the brands Frankie and Benny's, Chiquito, Wagamamas, Brunning & Price and Coast to Coast.

Even with the closures, the Group said it had made "good progress" on its recent cost-cutting efforts with the sales from Wagas growing by 9% over the four weeks to April 30.

In fact, things are going so well with the Japanese restaurant it plans to open eight new sites in the UK next year.

This is up from the five new sites it had originally planned.

The group said "favourable" property market conditions were creating further opportunities for new Wagamama restaurants.

Full list of the 18 Frankie and Benny's set for closure

Aberdeen
Birmingham - Plaza
Blackpool
Carmarthen
Chesterfield
Eastleigh
Exeter - Marsh Barton
Feltham
Leeds
Lenton
Livingston
Norwich - Riverside
Peterborough
Peterborough - Pavilions West
Street - Clarks Village
Tamworth
Taplow
Tunbridge Wells

Full list of the four Chiquito set for closure

Leeds
Lenton
Peterborough - Pavilions West
Rochester

A single Firejacks located in Basildon will also close its doors to customers by the end of the month.

[volsung] 02/5/2023 15:23

Banking on a turnaround here
Just bought in

[blackhorse23] 02/5/2023 08:54

Out from profit & reinvested in GATC

[lawson27] 02/5/2023 08:13

Decent statement this morning

[xtrader1965] 02/5/2023 08:13

Back over £1 by year end I'd think

[libertine] 25/4/2023 17:13

Oasis Management Company Ltd.
Increased direct holding to 94198736 shares (12.312556%)