Restaurant Group PLC (RTN) Given Average Rating of “Hold” by Brokerages
Restaurant Group PLC (LON:RTN) has been given a consensus recommendation of “Hold” by the fourteen analysts that are presently covering the company. Three analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is GBX 370.83 ($4.79).
RTN has been the topic of several recent research reports. Peel Hunt raised shares of Restaurant Group PLC to an “add” rating and boosted their price objective for the company from GBX 300 ($3.87) to GBX 350 ($4.52) in a research note on Wednesday, March 8th. Shore Capital reaffirmed a “buy” rating on shares of Restaurant Group PLC in a research note on Tuesday, January 31st. Canaccord Genuity lowered their price target on shares of Restaurant Group PLC from GBX 450 ($5.81) to GBX 430 ($5.55) and set a “buy” rating on the stock in a research note on Tuesday, February 14th. Liberum Capital lowered their price target on shares of Restaurant Group PLC from GBX 450 ($5.81) to GBX 400 ($5.16) and set a “buy” rating on the stock in a research note on Wednesday, January 25th. Finally, Numis Securities Ltd reaffirmed a “buy” rating and set a GBX 430 ($5.55) price target on shares of Restaurant Group PLC in a research note on Thursday, March 2nd.
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Shares of Restaurant Group PLC (LON:RTN) traded down 0.14% during mid-day trading on Tuesday, reaching GBX 344.70. 249,986 shares of the company were exchanged. The stock’s market capitalization is GBX 690.69 million. Restaurant Group PLC has a 12 month low of GBX 229.85 and a 12 month high of GBX 437.50. The stock has a 50 day moving average price of GBX 347.71 and a 200-day moving average price of GBX 339.43.
The business also recently disclosed a dividend, which will be paid on Friday, July 7th. Stockholders of record on Thursday, June 15th will be issued a dividend of GBX 10.60 ($0.14) per share. This is a positive change from Restaurant Group PLC’s previous dividend of $6.80. This represents a dividend yield of 2.86%. The ex-dividend date is Thursday, June 15th.
In related news, insider Andy McCue acquired 5,617 shares of the business’s stock in a transaction dated Friday, March 31st. The shares were acquired at an average cost of GBX 335 ($4.32) per share, for a total transaction of £18,816.95 ($24,289.34).
About Restaurant Group PLC
The Restaurant Group plc is a United Kingdom-based company, which operates over 500 restaurants and pub restaurants. The Company operates through operating restaurants segment. Its portfolio covers a range of categories, including table service, counter service, sandwich shops, pubs and bars. The Company’s principal trading brands include Frankie & Benny’s, Chiquito and Coast to Coast.
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