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@sadenby "That must be every restaurant will suffer from inflation there seem to be talking with fork tounge"
I meant this .. a few Fridyay night sherbets?
I do believe this company has one of the best casual dining Brands out there, and they are always busy. Yes prices are going up. But I read yesterday that you can get £30 and hour for fruit picking so so what. The people who spend in wagamama are not going to worry of their Buddah beer and black cod Ramen costs £22.50 instead of £20.00
I was unfortunate enough to be in a brewers Fare yesterday, now there is a brand that needs serious attention. very tired very very tired and outdated. In my opinion these low quality outlets are the ones that will suffer as customers look for a good return on there more expensive night out, and if price is an issue _ they'll just transfer their spending to spoons!
what does this mean?
That must be every restaurant will suffer from inflation there seem to be talking with fork tounge
The Restaurant Group (RTN), owner of Frankie & Benny’s and Wagamama, will be hindered by inflation but the valuation of the shares still looks ‘undemanding’, says Jefferies.
Analyst James Wheatcroft retained his ‘buy’ recommendation and target price of 170p on the stock, which closed up 2.5%, or 2.6p, on Friday at just under 106p.
‘Inflation-related downgrades will likely pause the Restaurant Group’s equity story. We remain positive into the medium term,’ he said.
Wheatcroft said the owner of some of Britain’s best-known restaurant brands was now ‘recapitalised, repositioned towards higher growth and well-placed to gain market share’.
The company’s improved position and the reopening of the economy have seen the shares double in the last year.
‘Year-to-date market outperformance underscores the estate potential, but forecast momentum will likely be required to the drive the share price,’ said the analyst.
‘The valuation for its 2023 financial year is undemanding at 7.6x enterprise value/EBITDA, 16.8x price/earnings, and 7.5% free cashflow yield.’