Regal Entertainment Group (RGC) PT Set at $23.00 by Piper Jaffray Companies

Regal Entertainment Group (NYSE:RGC) received a $23.00 target price from equities research analysts at Piper Jaffray Companies in a report issued on Wednesday. The firm presently has a “hold” rating on the stock. Piper Jaffray Companies’ price target suggests a potential upside of 0.61% from the stock’s previous close.

RGC has been the topic of a number of other reports. Barrington Research downgraded Regal Entertainment Group from an “outperform” rating to a “market perform” rating in a research report on Tuesday, December 5th. B. Riley downgraded Regal Entertainment Group from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $24.75 to $23.00 in a research report on Tuesday. Hilliard Lyons downgraded Regal Entertainment Group from a “long-term buy” rating to a “neutral” rating in a research report on Wednesday, December 6th. Macquarie downgraded Regal Entertainment Group from an “outperform” rating to a “neutral” rating and set a $23.00 target price on the stock. in a research report on Wednesday, December 6th. Finally, Zacks Investment Research upgraded Regal Entertainment Group from a “sell” rating to a “hold” rating in a research report on Wednesday, October 25th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company. Regal Entertainment Group currently has a consensus rating of “Hold” and an average price target of $22.00.

Shares of Regal Entertainment Group (RGC) traded down $0.05 during mid-day trading on Wednesday, reaching $22.86. The company had a trading volume of 4,049,367 shares, compared to its average volume of 3,817,450. Regal Entertainment Group has a 52-week low of $13.90 and a 52-week high of $23.56. The firm has a market capitalization of $3,600.00, a price-to-earnings ratio of 27.54, a PEG ratio of 2.20 and a beta of 1.14. The company has a debt-to-equity ratio of -2.84, a current ratio of 0.84 and a quick ratio of 0.78.

Regal Entertainment Group (NYSE:RGC) last posted its earnings results on Tuesday, October 24th. The company reported $0.07 EPS for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.03. The company had revenue of $716.00 million for the quarter, compared to the consensus estimate of $701.66 million. Regal Entertainment Group had a negative return on equity of 16.36% and a net margin of 4.41%. Regal Entertainment Group’s quarterly revenue was down 11.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.29 earnings per share. equities research analysts anticipate that Regal Entertainment Group will post 0.94 earnings per share for the current year.

Several large investors have recently modified their holdings of RGC. Eagle Asset Management lifted its position 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 valued at $192,444,000 after acquiring an additional 6,157,301 shares in the last quarter. Nisa Investment Advisors lifted 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 valued at $1,768,000 after acquiring an additional 3,500 shares in the last quarter. Three Peaks Capital Management lifted its position in Regal Entertainment Group by 19.2% during 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 lifted its position in Regal Entertainment Group by 14.5% during 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 lifted its position in Regal Entertainment Group by 3.6% during 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 85.31% of the company’s stock.

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About Regal Entertainment Group

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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