BUZZ-Restaurant Group: quick fix unlikely - HSBC

** Restaurant Group (Other OTC: RSTGF - news) , operator of Frankie and Benny's chain, -5.2 pct, bottom of FTSE 250

** HSBC says industry pressures suggest more than one year of transition for the company

** Shares (Berlin: DI6.BE - news) fall as much as 6.9 pct to a seven-month low

** HSBC cuts PT to 265p from 300p, retains 'reduce' rating on stock; says dividend is still at risk

** Cost pressures, supply and market promotional activities will hamper management's turnaround efforts, HSBC says

** As a turnaround effort, RTN had rolled out a new menu for its Frankie & Benny's chain focused on lower-cost meals, price reductions on several items

** HSBC reduces its PBT forecasts by 5.5% for FY17 and by 9% for FY18

** Stock down 11 pct YTD