Strong growth makes these shares tempting, but wait until the price is right, says Phil Oakley.
Shares in The Restaurant Group (TRG) have been a very good investment over the last decade – they’re up seven-fold. The owner of casual eating restaurant chains including Frankie & Benny’s, Chiquito, Garfunkel’s and a number of pub restaurants has clearly got something going for it.
It has managed to thrive, in spite of the tough consumer backdrop of recent years. As a result, its shares are now richly valued by the stock market.
The company has certainly benefited from some helpful trends [...]
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