Analysts Corner

Frankie & Benny's

Analysts corner: Peel Hunt on TRG

19 Feb 2019

Peel Hunt analysts Douglas Jack and Ivor Jones reflect on Andy McCue’s decision to step down from The Restaurant Group, and what it means for the company. They warn that “although restaurant supply has finally started to fall, declining in-store demand and rising costs point to years of correction”.

Analysts Corner: Peel Hunt on Domino’s

12 Feb 2019

Peel Hunt analysts Douglas Jack and Ivor Jones have given their views on the outlook for Domino’s Pizza, stressing that the current share price underestimates the long-term expansion potential, and over-estimates the short-term downside risk from fewer store openings.

Fuller's

Analysts corner: JP Morgan on Fuller’s

05 Feb 2019

JP Morgan analysts have given their views on the learnings from Fuller’s sale of its beer company to Asahi, including a read-across from the Fuller’s deal to a scenario where Marston’s or Greene King might consider selling their brewing assets.

Fuller's

Analysts corner: Berenberg on Fuller’s

30 Jan 2019

Following the news last week that Fuller’s is to sell the entirety of its beer business to Asahi in a £250m deal, analysts at Berenberg have compiled their thoughts on the ‘surprise’ announcement, and suggest the sale will give them significant firepower for acquisitions.

Whitbread logo

Analysts corner: Rollo on Whitbread

18 Jan 2019

Morgan Stanley analyst Jamie Rollo gives five reasons to stay positive about Whitbread following its announcement of faltering like-for-like sales in its third quarter.

Rooney Anand

Analysts corner: Greene King

09 Jan 2019

Following Greene King’s trading update yesterday, MCA round-ups the views of analysts from JP Morgan Cazenove, Liberum, Hargreaves Lansdown and Goodbody.

Rooney Anand

Analysts corner: Peel Hunt on Greene King

08 Jan 2019

Leading analysts Douglas Jack and Ivor Jones, of Peel Hunt, have given their view on this morning’s year-to-date trading statement from Greene King, saying it represents a “very strong start to statement season”.

Wagamama

Analysts corner: Wagamama

04 Jan 2019

On the back of Wagamama’s Q2 trading update (see below), Peel Hunt analysts Douglas Jack and Ivor Jones have noted that costs “continue to surge”. They take a look at the prospects for the brand and its new parent company, The Restaurant Group, throughout 2019.

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.

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