Regal Entertainment Group (NYSE:RGC)‘s stock had its “outperform” rating restated by investment analysts at Benchmark Co. in a research note issued to investors on Friday, April 14th. They presently have a $22.00 target price on the stock. Benchmark Co.’s price target indicates a potential upside of 5.97% from the company’s current price.
A number of other research firms have also commented on RGC. Wedbush reaffirmed an “outperform” rating and issued a $26.00 price objective (up previously from $25.00) on shares of Regal Entertainment Group in a research note on Friday, April 7th. FBR & Co reiterated a “hold” rating and issued a $23.00 target price on shares of Regal Entertainment Group in a research report on Monday, April 3rd. Loop Capital reiterated a “hold” rating and issued a $22.00 target price on shares of Regal Entertainment Group in a research report on Tuesday, February 7th. B. Riley reiterated a “buy” rating and issued a $27.50 target price on shares of Regal Entertainment Group in a research report on Friday, February 10th. Finally, Wunderlich reiterated a “buy” rating and issued a $31.00 target price on shares of Regal Entertainment Group in a research report on Monday, March 20th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Regal Entertainment Group currently has an average rating of “Hold” and a consensus target price of $26.21.
Regal Entertainment Group (NYSE:RGC) traded down 1.614% during midday trading on Friday, hitting $20.425. The company had a trading volume of 765,564 shares. The stock’s 50-day moving average price is $21.89 and its 200-day moving average price is $22.02. Regal Entertainment Group has a 52-week low of $19.35 and a 52-week high of $24.79. The stock has a market cap of $3.19 billion, a PE ratio of 17.917 and a beta of 0.92.
Regal Entertainment Group (NYSE:RGC) last posted its quarterly earnings data on Wednesday, April 26th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by $0.04. Regal Entertainment Group had a negative return on equity of 20.07% and a net margin of 5.33%. The firm had revenue of $821.20 million during the quarter, compared to analyst estimates of $808.18 million. During the same period in the prior year, the business posted $0.27 EPS. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, equities research analysts expect that Regal Entertainment Group will post $1.26 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Monday, June 5th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Thursday, June 1st. This represents a $0.88 annualized dividend and a yield of 4.24%. Regal Entertainment Group’s dividend payout ratio (DPR) is presently 81.48%.
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In other Regal Entertainment Group news, EVP Peter B. Brandow sold 20,233 shares of the firm’s stock in a transaction on Thursday, March 9th. The shares were sold at an average price of $22.50, for a total value of $455,242.50. Following the sale, the executive vice president now directly owns 212,715 shares in the company, valued at approximately $4,786,087.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gregory W. Dunn sold 26,050 shares of the firm’s stock in a transaction on Thursday, March 9th. The stock was sold at an average price of $22.15, for a total transaction of $577,007.50. Following the completion of the sale, the insider now owns 67,052 shares in the company, valued at $1,485,201.80. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Ffcm LLC acquired a new stake in shares of Regal Entertainment Group during the fourth quarter valued at $110,000. Parallel Advisors LLC acquired a new stake in shares of Regal Entertainment Group during the fourth quarter valued at $142,000. Advisor Group Inc. raised its stake in shares of Regal Entertainment Group by 48.1% in the third quarter. Advisor Group Inc. now owns 7,027 shares of the company’s stock valued at $148,000 after buying an additional 2,283 shares during the period. New York State Teachers Retirement System acquired a new stake in shares of Regal Entertainment Group during the fourth quarter valued at $148,000. Finally, Pacer Advisors Inc. raised its stake in shares of Regal Entertainment Group by 9.2% in the third quarter. Pacer Advisors Inc. now owns 6,945 shares of the company’s stock valued at $151,000 after buying an additional 588 shares during the period. Institutional investors and hedge funds own 65.33% of the company’s stock.
Regal Entertainment Group Company Profile
Regal Entertainment Group is an operator of theatre circuits in the United States. As of December 31, 2016, the Company operated 7,267 screens in 561 theatres in 42 states along with Guam, Saipan, American Samoa and the District of Columbia. The Company manages its business under theatre exhibition operations segment.
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