Restaurant Group (RTN)

Sector:

Tourism and Leisure Services

Index:

FTSE 250

 89.90p
   
  • Change Today:
      0.000p
  • 52 Week High: 139.60
  • 52 Week Low: 40.05
  • Currency: UK Pounds
  • Shares Issued: 765.05m
  • Volume: 2,034,356
  • Market Cap: £687.78m
  • RiskGrade: 371

Restaurant Group sees 'encouraging' sales recovery as Covid curbs eased

By Frank Prenesti

Date: Tuesday 25 May 2021

LONDON (ShareCast) - (Sharecast News) - Wagamama owner Restaurant Group said it had seen an encouraging recovery in sales since Covid-19 restrictions had been lifted in the UK.
For In the five weeks to May 16 around 130 Wagamama sites were open and traded at 85% of comparable 2019 sales levels, representing a 15% outperformance of the market and "reflecting ongoing strong delivery volumes and good trading from outdoor space in many locations".

"The group currently has approximately 350 sites open across its Wagamama, pubs and leisure businesses, representing 95% of their respective combined estates. The concessions business currently only has four sites trading, given restrictions regarding international travel," the company said on Tuesday.

Restaurant Group's pubs division saw trade at 85% of comparable 2019 sales levels, representing a 15% outperformance of the market and benefiting from "significant outdoor space and investments in stretch tents and marquees" in response to bans on people drinking indoors.

"While the environment for the remainder of the year continues to remain uncertain, the group is well positioned across its diversified brand portfolio to benefit from the sustained removal of government restrictions," the company said.

"The group currently has in excess of £200m of cash headroom on its debt facilities, providing significant liquidity headroom to protect against a resurgence / new variant of Covid-19 as well as strengthened flexibility to capitalise on selective site expansion in its Wagamama and pubs businesses."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

RTN Market Data

Currency UK Pounds
Share Price 89.90p
Change Today 0.000p
% Change 0.00 %
52 Week High 139.60
52 Week Low 40.05
Volume 2,034,356
Shares Issued 765.05m
Market Cap £687.78m
RiskGrade 371

RTN Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
18.71% below the market average18.71% below the market average18.71% below the market average18.71% below the market average18.71% below the market average
34.38% below the sector average34.38% below the sector average34.38% below the sector average34.38% below the sector average34.38% below the sector average
Price Trend
33.16% below the market average33.16% below the market average33.16% below the market average33.16% below the market average33.16% below the market average
44.44% below the sector average44.44% below the sector average44.44% below the sector average44.44% below the sector average44.44% below the sector average
Income Not Available
Growth
42.73% below the market average42.73% below the market average42.73% below the market average42.73% below the market average42.73% below the market average
9.09% above the sector average9.09% above the sector average9.09% above the sector average9.09% above the sector average9.09% above the sector average

What The Brokers Say

Strong Buy 9
Buy 1
Neutral 3
Sell 0
Strong Sell 0
Total 13
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

RTN Dividends

  Latest Previous
  Interim Final
Ex-Div 12-Sep-19 06-Jun-19
Paid 10-Oct-19 05-Jul-19
Amount 2.10p 1.47p

Trades for 15-Oct-2021

Time Volume / Share Price
16:36 40,000 @ 89.81p
16:36 40,000 @ 89.81p
16:36 40,000 @ 89.81p
16:35 660,717 @ 89.90p
16:28 936 @ 89.80p

RTN Key Personnel

CFO Kirk Davis
CEO Andy C Hornby

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