Regal Entertainment Group (NYSE:RGC) was downgraded by stock analysts at Loop Capital from a “buy” rating to a “hold” rating in a research report issued on Wednesday, MarketBeat Ratings reports. They currently have a $24.00 target price on the stock. Loop Capital’s price target would indicate a potential upside of 6.29% from the company’s current price.

A number of other research firms have also weighed in on RGC. Royal Bank Of Canada raised their target price on shares of Regal Entertainment Group to $23.00 in a research note on Wednesday, November 29th. Benchmark decreased their target price on shares of Regal Entertainment Group from $24.00 to $19.00 and set a “buy” rating on the stock in a research note on Tuesday, September 26th. MKM Partners reissued a “buy” rating and issued a $20.00 target price on shares of Regal Entertainment Group in a research note on Monday, September 18th. B. Riley reissued a “buy” rating and issued a $24.75 target price (up from $24.00) on shares of Regal Entertainment Group in a research note on Wednesday, October 25th. Finally, Wedbush set a $19.00 target price on shares of Regal Entertainment Group and gave the stock a “buy” rating in a research note on Thursday, October 19th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company’s stock. Regal Entertainment Group has a consensus rating of “Hold” and a consensus price target of $21.73.

Regal Entertainment Group (RGC) traded down $0.10 during mid-day trading on Wednesday, reaching $22.58. The company had a trading volume of 16,140,117 shares, compared to its average volume of 3,256,749. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of -2.84. Regal Entertainment Group has a 12 month low of $13.90 and a 12 month high of $23.56. The firm has a market cap of $3,254.92, a PE ratio of 23.56, a price-to-earnings-growth ratio of 2.18 and a beta of 1.14.

Regal Entertainment Group (NYSE:RGC) last posted its quarterly earnings data on Tuesday, October 24th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.03. Regal Entertainment Group had a negative return on equity of 16.36% and a net margin of 4.41%. The company had revenue of $716.00 million for the quarter, compared to analysts’ expectations of $701.66 million. During the same period in the previous year, the firm posted $0.29 EPS. Regal Entertainment Group’s revenue was down 11.8% compared to the same quarter last year. equities research analysts anticipate that Regal Entertainment Group will post 0.95 earnings per share for the current fiscal year.

Regal Entertainment Group announced that its board has approved a stock buyback plan on Thursday, August 31st that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 2.2% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its shares are undervalued.

Several hedge funds have recently added to or reduced their stakes in RGC. US Bancorp DE raised its position in shares of Regal Entertainment Group by 30.3% during the 2nd quarter. US Bancorp DE now owns 22,705 shares of the company’s stock valued at $464,000 after buying an additional 5,284 shares during the period. Public Employees Retirement Association of Colorado raised its position in shares of Regal Entertainment Group by 4.2% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 24,666 shares of the company’s stock valued at $505,000 after buying an additional 983 shares during the period. Janney Montgomery Scott LLC raised its position in shares of Regal Entertainment Group by 4.3% during the 2nd quarter. Janney Montgomery Scott LLC now owns 62,725 shares of the company’s stock valued at $1,283,000 after buying an additional 2,565 shares during the period. Sei Investments Co. raised its position in shares of Regal Entertainment Group by 7.5% during the 2nd quarter. Sei Investments Co. now owns 30,761 shares of the company’s stock valued at $630,000 after buying an additional 2,138 shares during the period. Finally, IFP Advisors Inc raised its position in shares of Regal Entertainment Group by 164.3% during the 2nd quarter. IFP Advisors Inc now owns 5,419 shares of the company’s stock valued at $111,000 after buying an additional 3,369 shares during the period. 85.33% of the stock is currently owned by hedge funds and other institutional investors.

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Regal Entertainment Group Company Profile

Regal Entertainment Group is an operator of theatre circuits in the United States. As of March 31, 2017, the Company operated 7,262 screens in 559 theatres in 43 states along with Guam, Saipan, American Samoa and the District of Columbia. The Company manages its business under theatre exhibition operations segment.

Analyst Recommendations for Regal Entertainment Group (NYSE:RGC)

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