Restaurant Group PLC (RTN) Announces Dividend of GBX 6.80
Restaurant Group PLC (LON:RTN) announced a dividend on Thursday, August 31st, Upcoming.Co.Uk reports. Shareholders of record on Thursday, September 14th will be paid a dividend of GBX 6.80 ($0.09) per share on Thursday, October 12th. This represents a yield of 2.02%. The ex-dividend date is Thursday, September 14th. The official announcement can be viewed at this link.
Shares of Restaurant Group PLC (LON:RTN) traded down 2.64% during mid-day trading on Friday, reaching GBX 302.40. The company’s stock had a trading volume of 859,754 shares. The company’s market cap is GBX 605.93 million. Restaurant Group PLC has a 52-week low of GBX 281.36 and a 52-week high of GBX 410.10. The company has a 50-day moving average price of GBX 333.20 and a 200 day moving average price of GBX 338.57.
Restaurant Group PLC (LON:RTN) last posted its quarterly earnings data on Thursday, August 31st. The company reported $0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.10. Restaurant Group PLC had a return on equity of 1.24% and a net margin of 0.37%. Equities analysts expect that Restaurant Group PLC will post $22.15 earnings per share for the current year.
Several equities research analysts have recently issued reports on RTN shares. UBS AG lowered Restaurant Group PLC to a “sell” rating and lowered their price objective for the company from GBX 310 ($4.00) to GBX 275 ($3.55) in a research note on Tuesday, May 23rd. Shore Capital reaffirmed a “buy” rating on shares of Restaurant Group PLC in a research note on Friday, May 26th. Peel Hunt reaffirmed a “hold” rating and issued a GBX 350 ($4.52) price objective on shares of Restaurant Group PLC in a research note on Friday, May 26th. Liberum Capital reaffirmed a “buy” rating and issued a GBX 430 ($5.55) price objective on shares of Restaurant Group PLC in a research note on Friday, May 26th. Finally, Panmure Gordon reaffirmed a “hold” rating on shares of Restaurant Group PLC in a research note on Friday, May 26th. Five research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of GBX 360.38 ($4.65).
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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