Brokerages Set Regal Entertainment Group (RGC) PT at $24.27
Shares of Regal Entertainment Group (NYSE:RGC) have earned an average rating of “Hold” from the twenty-one ratings firms that are covering the firm. One equities research analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation, eight have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $24.37.
Several research analysts have weighed in on the company. B. Riley reiterated a “neutral” rating and set a $23.00 price objective on shares of Regal Entertainment Group in a research report on Monday, July 25th. MKM Partners raised their price target on Regal Entertainment Group from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Monday, July 25th. Benchmark Co. raised their price target on Regal Entertainment Group from $24.34 to $25.54 and gave the stock a “buy” rating in a research report on Wednesday, July 27th. Hilliard Lyons cut Regal Entertainment Group from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 27th. Finally, FBR & Co raised their price target on Regal Entertainment Group from $22.00 to $25.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 27th.
Shares of Regal Entertainment Group (NYSE:RGC) opened at 24.45 on Tuesday. The firm’s 50-day moving average price is $22.38 and its 200 day moving average price is $21.74. The company has a market capitalization of $3.81 billion, a PE ratio of 22.39 and a beta of 0.92. Regal Entertainment Group has a one year low of $16.50 and a one year high of $24.79.
Regal Entertainment Group (NYSE:RGC) last posted its quarterly earnings data on Thursday, October 27th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.03. The firm had revenue of $811.50 million for the quarter, compared to analysts’ expectations of $787.99 million. Regal Entertainment Group had a negative return on equity of 20.69% and a net margin of 5.31%. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.18 EPS. Analysts anticipate that Regal Entertainment Group will post $1.06 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Monday, December 5th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date is Thursday, December 1st. Regal Entertainment Group’s dividend payout ratio is currently 80.73%.
In other Regal Entertainment Group news, insider Gregory W. Dunn sold 30,765 shares of Regal Entertainment Group stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $21.75, for a total value of $669,138.75. Following the completion of the sale, the insider now directly owns 74,151 shares in the company, valued at $1,612,784.25. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.00% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the company. Alliancebernstein L.P. increased its stake in shares of Regal Entertainment Group by 145.1% in the second quarter. Alliancebernstein L.P. now owns 4,776,681 shares of the company’s stock worth $105,278,000 after buying an additional 2,828,095 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Regal Entertainment Group by 42.2% in the second quarter. Vanguard Group Inc. now owns 7,665,646 shares of the company’s stock worth $168,951,000 after buying an additional 2,276,318 shares during the last quarter. New Mountain Vantage Advisers L.L.C. acquired a new stake in shares of Regal Entertainment Group during the third quarter worth $29,265,000. Bank of Montreal Can acquired a new stake in shares of Regal Entertainment Group during the second quarter worth $29,335,000. Finally, Altrinsic Global Advisors LLC acquired a new stake in shares of Regal Entertainment Group during the third quarter worth $18,105,000. Institutional investors and hedge funds own 62.48% of the company’s stock.
About Regal Entertainment Group
Regal Entertainment Group (Regal) operates a theatre circuit in the United States. The Company operates in the segment of theatre exhibition operations. It develops, acquires and operates multi-screen theatres in mid-sized metropolitan markets and suburban growth areas of metropolitan markets throughout the United States.
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