Regal Entertainment Group (NYSE:RGC)‘s stock had its “outperform” rating reissued by analysts at Wedbush in a note issued to investors on Wednesday. They presently have a $25.00 price objective on the stock. Wedbush’s price objective would indicate a potential upside of 15.53% from the stock’s current price.

Several other brokerages have also recently issued reports on RGC. B. Riley reaffirmed a “neutral” rating and issued a $23.00 price objective on shares of Regal Entertainment Group in a research note on Monday, July 25th. MKM Partners lifted their target price on shares of Regal Entertainment Group from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Monday, July 25th. FBR & Co lifted their target price on shares of Regal Entertainment Group from $22.00 to $25.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 27th. Benchmark Co. lifted their target price on shares of Regal Entertainment Group from $24.34 to $25.54 and gave the stock a “buy” rating in a research report on Wednesday, July 27th. Finally, Wunderlich reissued a “buy” rating and issued a $31.00 target price on shares of Regal Entertainment Group in a research report on Monday, June 27th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the company’s stock. Regal Entertainment Group has a consensus rating of “Hold” and a consensus target price of $22.53.

Regal Entertainment Group (NYSE:RGC) opened at 21.64 on Wednesday. The stock has a market cap of $3.38 billion, a P/E ratio of 22.49 and a beta of 1.13. Regal Entertainment Group has a 52 week low of $16.50 and a 52 week high of $24.19. The stock has a 50 day moving average of $21.63 and a 200-day moving average of $21.34.

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Regal Entertainment Group (NYSE:RGC) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by $0.01. The business earned $785.90 million during the quarter, compared to analyst estimates of $801.49 million. Regal Entertainment Group had a negative return on equity of 18.52% and a net margin of 4.80%. The business’s revenue for the quarter was down 8.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.38 EPS. Analysts forecast that Regal Entertainment Group will post $0.98 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Friday, September 2nd were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date was Wednesday, August 31st. Regal Entertainment Group’s payout ratio is 91.67%.

In other news, insider Gregory W. Dunn sold 30,765 shares of the business’s stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $21.75, for a total value of $669,138.75. Following the completion of the sale, the insider now directly owns 74,151 shares in the company, valued at $1,612,784.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Philip F. Anschutz sold 13,000,000 shares of the business’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of $21.60, for a total transaction of $280,800,000.00. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by insiders.

Several hedge funds have recently modified their holdings of the company. Eagle Asset Management boosted its stake in shares of Regal Entertainment Group by 148.8% in the third quarter. Eagle Asset Management now owns 10,296,636 shares of the company’s stock worth $192,444,000 after buying an additional 6,157,301 shares during the last quarter. Nisa Investment Advisors raised its position in shares of Regal Entertainment Group by 3.9% in the fourth quarter. Nisa Investment Advisors now owns 93,700 shares of the company’s stock worth $1,768,000 after buying an additional 3,500 shares during the period. Three Peaks Capital Management raised its position in shares of Regal Entertainment Group by 19.2% in the fourth quarter. Three Peaks Capital Management now owns 217,087 shares of the company’s stock worth $4,096,000 after buying an additional 34,993 shares during the period. GW&K Investment Management raised its position in shares of Regal Entertainment Group by 14.5% in the fourth quarter. GW&K Investment Management now owns 1,106,743 shares of the company’s stock worth $20,884,000 after buying an additional 140,338 shares during the period. Finally, Dynamic Advisors Solutions raised its position in shares of Regal Entertainment Group by 3.6% in the fourth quarter. Dynamic Advisors Solutions now owns 177,620 shares of the company’s stock worth $3,352,000 after buying an additional 6,177 shares during the period. Institutional investors and hedge funds own 63.44% of the company’s stock.

Regal Entertainment Group Company Profile

Regal Entertainment Group (Regal) operates a theatre circuit in the United States. The Company operates in the segment of theatre exhibition operations. It develops, acquires and operates multi-screen theatres in mid-sized metropolitan markets and suburban growth areas of metropolitan markets throughout the United States.

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