Anyone holding this share, any comment? It recommended by few brokers.

Peel Hunt Hold 454.35 580.00 459.00 Retains

Numis Buy 454.50 725.00 725.00 Reiterates

got out at a tiny fraction about b/e as sp does not look to want to recover
wouldn't be surprised to see some hefty bear covering later in the day, but don't want to take the chance

Singer note today:
"The FY15 outcome is in-line with previously reduced expectations. So in summary PBT rose by 11.2% to £86.8m, with LFL growth of 1.5%. This fed through to 12.8% EPS growth to 33.8p and EBIT margin was +30bps. The main positive surprise was on the net-debt side of things which came in at £29.2m vs our £39.6m. Divisionally we note positive commentary around Chiquito, Coast to Coast, Pub Restaurants and Concessions.
However, the top-brand, Frankie & Bennny’s had a more challenging year it seems, with increased competition cited as one of the drag features of the year. In FY15 44 new units were added to the overall group portfolio and a broadly similar number is targeted for FY16, albeit we fear there is risk on the downside here. The main talking point this morning is the weak start to FY16 with LFL’s -1.5% after 10 weeks vs a c.2.5% comp. This is below expectations and we fundamentally believe this reflects strong competitive headwinds/over supply – as outlined in our large sector note recently. We accept there may be some cannibalisation of RTN sites as a factor also.
Management put the slow start down to faltering UK consumer demand, but judging by recent updates from Greggs, Revolution Bars and Domino’s, we would argue that over supply in the casual dining sector is the key factor.
With management effectively guiding to flat LFL’s this morning and given the ST NLW headwind, we see 3-4% downside risk to current year forecasts and greater than 5% for FY17 and FY18. We move back to Sell with a reduced 12m TP of 450p – effectively 13.5x FY16 earnings."

a scary 5-year chart ..... in particular, look at what happened immediately following the last 2 sets of figures ..... i had a lucky escape earlier :-)

Berenberg today downgrades its investment rating on Restaurant Group (The) PLC (LON:RTN) to hold (from buy) and cut its price target to 550p (from 750p).

I'd have thought with 140p (33%) upside to their tp it would remain a buy.
2517

We are talking about brokers, who seem to exist in their own world totally devoid of reality! They almost never include at time line in their recommendations, so their target price could be achieved tomorrow or next year or..........
I only add them to any thread as another opinion to throw into the mix, but I don't have much faith in them.

They come from Barcelona and they know .......

Deutsche Bank today downgrades its investment rating on Restaurant Group PLC (LON:RTN) to hold (from buy) and cut its price target to 525p (from 690p).

i stare in wonderment at the massive fall in this stock
i really can't see that it's warranted, especially as the markets are (mistakenly!) trying to head north

i had a very lucky escape the other day

You did, and it doesn't look as though the sp is about to change direction atm. However, certainly worth watching imo, as at some point, if it changes direction, there are some significant gaps to trade.

Just had a small long here.

very serious OUCH OUCH OUCH if you are a holder ..... fortunately i haven't been for quite a while

* Restaurant Group down 15 pct after company cuts its full-year outlook again and warns that it sees no improvement in the short-term
* Co says competition from online shopping, pubs and other chains continues to weigh [nL3N17W23L]
* Shares, already reeling from a dismal outlook issued last month, fell to their lowest since Aug 2012
* Co says trading conditions deteriorated further since the March update and that it has now commenced a review of operating strategy
* Co's CFO to leave with immediate effect

Sector seems ripe for consolidation.
2517

F & B Chaıns are awful. Chıquıto the same. How they got away wıth ıt for so long ıs the real shock.

Is ıt a buy yet? :)

read ST
arguably a t/o target but prepare for a bumpy ride

The chart looks like the terracing of the vineyards in northern Portugal, where I am at mo!!! Strangely Just Eat seems to be doing quite well, but that is internet delivery rather than bums on seats in a restaurant. I wonder if people's tastes in dining are changing again! (Excl London)

we went to cascais for the first time last summer and liked it so much - and the fish! - that we'll be back there at the end of june

HATE the algarve though and would certainly never pay to go back there

I am half way down now. Was going to head towards Algarve. It's not yet the holiday season here, so all pretty quiet. Absolutely lovely country, lovely food and wine (my first time). A friend said Portugal is like the UK in the 60's. The young hate it, but us older folks think it's really quaint.