Regal Entertainment Group (RGC) Receives Consensus Rating of “Hold” from Analysts

Shares of Regal Entertainment Group (NYSE:RGC) have received an average recommendation of “Hold” from the seventeen analysts that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $22.64.

Several equities research analysts have recently issued reports on the stock. B. Riley set a $24.00 price target on shares of Regal Entertainment Group and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Wedbush set a $19.00 price target on shares of Regal Entertainment Group and gave the stock a “buy” rating in a research note on Thursday, October 19th. Loop Capital decreased their price target on shares of Regal Entertainment Group from $25.00 to $24.00 and set a “buy” rating for the company in a research note on Monday, October 23rd. Zacks Investment Research upgraded shares of Regal Entertainment Group from a “sell” rating to a “hold” rating in a research note on Wednesday, October 25th. Finally, Royal Bank of Canada upgraded shares of Regal Entertainment Group from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $19.00 to $20.00 in a research note on Thursday, October 26th. They noted that the move was a valuation call.

Institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company grew its stake in Regal Entertainment Group by 8.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,871 shares of the company’s stock valued at $100,000 after buying an additional 373 shares in the last quarter. Tortoise Investment Management LLC purchased a new position in Regal Entertainment Group in the 3rd quarter valued at approximately $117,000. IFP Advisors Inc grew its stake in Regal Entertainment Group by 60.8% in the 3rd quarter. IFP Advisors Inc now owns 8,713 shares of the company’s stock valued at $139,000 after buying an additional 3,294 shares in the last quarter. Spectrum Management Group Inc. purchased a new position in Regal Entertainment Group in the 3rd quarter valued at approximately $141,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Regal Entertainment Group by 68.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,202 shares of the company’s stock valued at $143,000 after purchasing an additional 2,524 shares during the period. Institutional investors and hedge funds own 82.04% of the company’s stock.

Shares of Regal Entertainment Group (RGC) opened at $23.12 on Wednesday. The company has a debt-to-equity ratio of -2.84, a current ratio of 0.84 and a quick ratio of 0.78. The company has a market cap of $3,630.00, a PE ratio of 27.86, a price-to-earnings-growth ratio of 2.24 and a beta of 1.05. Regal Entertainment Group has a one year low of $13.90 and a one year high of $23.17.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 26th. Investors of record on Saturday, February 17th will be paid a $0.22 dividend. The ex-dividend date is Thursday, February 15th. This represents a $0.88 dividend on an annualized basis and a yield of 3.81%. Regal Entertainment Group’s dividend payout ratio is 106.02%.

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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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