Morton's Restaurant Group, Inc. (NYSE:MRT)
The Company is engaged in the business of owning and operating restaurants under the names Morton's The Steakhouse, Trevi and Bertolini's Authentic Trattorias.
- Quote
- Commentary
- Scorecard
- Historical Prices
- Chart
- Stats
- Ratios
- Earnings/Growth Rates
- Statements
- SEC Filings
Recs
Big debt, small cap, inconsistent earnings, no dividend, why would this be a good investment especially in such a competitive industry?
Recs
Tons of debt, declining revenues, no profits.
Recs
Mmmmmm.......steak
Recs
MRT has been killed in the market. Book value is over nine bucks and the recent buy back of stock has reduced the float to zero. The inly think keeping me for choosing a longer time frame is the 800 pound gorilla pounding the world markets at the current time.
Recs
opening in brklyn can help big time
Recs
classy steak house......great food....good service....
Recs
THis is an undervalued stock,a nd an excellent fundamental play.
Recs
Let it Ride
Recs
An upscale steak house to die for... I think they have a winning concept to lure the high-rollers, of whom there always seem to be quite a few. Long-term buy and hold.
Recs
People always enjoy great food.
Recs
Morton’s Restaurants Group is the world's largest owner and operator of company-owned upscale steakhouse restaurants. The company is engaged in the business of owning and operating restaurants under the names Morton's The Steakhouse and Bertolini's Authentic Trattorias. The company operates 71 Morton’s restaurants and 4 Bertolini's restaurants across U.S. and their menu offers USDA prime aged steak, other premium entrées such as lamb and various seafood options, as well as an extensive wine list.
The company is the best in class and a dominant leader in fine dining business. It has a reputation for consistent, high-quality dining experiences due to which the company has become the most favored destination for business related fine dining. This can be proved by the fact that the company has average check of $87 per guest, which is the highest in the industry. Moreover 80% of the company’s revenue is derived from business expense accounts, compared to 30%–50% for its peers. This has been further enhanced by the "Bar12-21" and "Boardroom" initiatives taken up by the company, which have become the differentiating factor for the company. Adding up to these initiatives Morton's has added auxiliary resources to its boardrooms, such as technology enhancements for improved video and teleconferencing, which will further differentiate the concept in this high-margin segment of the business.
It has been estimated by the company, that it has a potential for around 150 overall destinations across U.S. To meet this target the management intends to expand the store base by 7% to10% annually. The company’s strategic initiatives to convert itself into an ultimate fine dining business destination, are expected to give the company attractive growth opportunities in the future. With Morton’s dominant competitive position and its differentiating initiatives it is expected that the company’s stock will be a blue-eyed boy for its investors.
Recs
Prior year earnings was adversely affected by nonrecurring items and unfavorable movements in beef prices during the summer. Looking forward, price stability in the price of beef and expansion into new markets will enable MRT to continue its trend of beating consensus estimates.
RSS Headlines
Fool UK
- Show Me:
-
Outperform
-
Underperform
-
All
- Sort by:
-
Author
-
Recs
-
Date
-
Member Rating
-
Results 1 - 12 of 12