The Restaurant Group ($RTN.LN)

Egregiously cheap with improving fundamentals and activists circling

The Restaurant Group PLC

Investment Thesis – Summary

The Restaurant Group is a UK hospitality operator with a portfolio of businesses spanning fast-casual restaurants (Wagamama), pubs, leisure (casual restaurants), and concessions (i.e. food at airports). Over the past 5+ years, the stock has been a disaster as RTN suffered through mandatory closures duri…