Analysts Corner

Miller & Carter

Analysts corner: Ei Group and M&B

14 Nov 2018

Peel Hunt analysts Douglas Jack and Ivor Jones have given their views on next week’s updates from Ei Group and Mitchells & Butlers. On the former, they say that the disposal of the commercial properties estate and a return to EBITDA growth are likely to be landmarks for 2019. For M&B they expect to see H1’s trend of drink outperforming food, driven by spend per head, being repeated in H2.

Analysts corner: Peel Hunt on TRG

13 Nov 2018

Peel Hunt analysts Douglas Jack and Ivor Jones have updated their comments on The Restaurant Group’s bid for Wagamama, saying yesterday’s rights issue announcement failed to address the key issues. They set out some of the questions they believe investors should be asking of the group.

Wagamama

Analysts corner: Goodbody on TRG/Wagamama deal

09 Nov 2018

There have been a range of positive and negative reactions from analysts following the proposed sale of Wagamama to The Restaurant Group, but despite some concerns Goodbody feels is it a deal that can deliver.

Crown & Sceptre, Streatham Hill, JDW pub

Analysts corner: Berenberg on JDW

08 Nov 2018

Following JD Wetherspoon’s Q1 trading update yesterday, Berenberg analyst Owen Shirley shares his thoughts on why the company is playing the long game when it comes to pricing.

Wagamama Rushden Lakes

Analysts corner: Peel Hunt on TRG/Wagamama

02 Nov 2018

Peel Hunt analysts Douglas jack and Ivor Jones have expressed “considerable doubts” about The Restaurant Group (TRG)’s plans to acquire Wagamama.

Wagamama

Analysts corner: Barclays on Wagamama sale

31 Oct 2018

Following the news that The Restaurant Group (TRG) has set the wheels in motion to acquire Wagamama, Barclays lends its thoughts on the subject, and warns the brand not to go changing.

Ei Group

Analysts corner: Berenberg on Ei Group

31 Oct 2018

In advance of Ei Group’s full year figures next month, analysts at Berenberg share their views on the pub company, and suggest it may be ‘stock worth dusting off again’.

Wagamama New Year campaign

Analysts corner: TRG’s acquisition of Wagamama

30 Oct 2018

Following the news this morning that The Restaurant Group is to acquire Wagamama, we round-up some of the latest analysts’ reaction on the deal, including Shore Capital, Goodbody, Berenberg and JP Morgan.

Costa Coffee

Analysts corner: Goodbody on Whitbread

19 Oct 2018

Goodbody analysts have set out their view on the prospects for Whitbread, post the divestment of Costa, suggesting that it opens the door for value creation.

Patisserie Holdings: The current state of play

17 Oct 2018

Mark Brumby, of Langton Capital, gives his view on a dramatic week at Patisserie Holdings and the questions yet to be answered.

Analysts corner: JP Morgan on Marston’s

11 Oct 2018

Leading analyst Alexander Mees, from JP Morgan, says there is every reason to expect a ‘normal’ year in FY19, with the recovery in Destination & Premium and a flatter performance by Taverns.

Mitchells & Butlers logo

Analysts corner: Mitchells & Butlers

28 Sep 2018

Following Mitchells & Butlers pre close trading update yesterday, analysts from JP Morgan and Goodbody give their views on the company’s performance.

Jonathan Neame

Analysts corner: Peel Hunt on Shepherd Neame

20 Sep 2018

Peel Hunt analysts Douglas Jack and Ivor Jones give their views on Shepherd Neame ahead of next week’s trading update, saying that in their view the tenanted and brewing sides of the business have the best chance of beating forecasts.

Wetherspoon logo

Analysts corner: JDW

14 Sep 2018

Analysts have given their early reaction to JD Wetherspoon’s FY trading update this morning, including Peel Hunt and Langton Capital. The strong like-for-like sales rise has been welcomed but there are warnings that discounting elsewhere many impact performance going forward.

Analysts corner: Brumby on delivery

11 Sep 2018

Mark Brumby, of Langton Capital, presents a snapshot of the delivery market in the UK and asks whether the likes of Deliveroo and UberEats are friend or foe of the restaurant trade.

JD Wetherspoon Logo

Analysts corner: Berenberg on JDW

11 Sep 2018

Berenberg analysts have issued a note ahead of JD Wetherspoon’s full year results announcement this week.

The Deltic Group

Analysts corner: Peel Hunt on Deltic/Revolution

10 Sep 2018

Leading analysts Douglas Jack and Ivor Jones, of Peel Hunt, discuss the revelation by Revolution Bars Group that it is in preliminary discussions with former suitor, Deltic. They examine the attractions of the deal and main negotiation points.

Greene King logo

Analysts corner: Greene King

07 Sep 2018

We round-up the views of analysts at Hargreaves Lansdown, JP Morgan, Goodbody, and Citi – with more than one believing the company’s shares are undervalued.

The Restaurant Group

Analysts corner: Peel Hunt on TRG

05 Sep 2018

Leading analysts Douglas Jack and Ivor Jones, of Peel Hunt, have given their views on the recent update from The Restaurant Group, saying the return to like-for-like sales (lfls) growth and the expansion of the pub estate are encouraging signs but that further downgrades are likely.

Citi

Citi: Sector operators in a “precarious state”

04 Sep 2018

Analysts at Citi have warned that many pub companies are in a “precarious state”, as they have too much leverage and little surplus cash flow as an increasingly indebted UK heads for a “potential disorderly Brexit”.

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