Regal Entertainment Group (NYSE:RGC) was downgraded by equities researchers at Loop Capital from a “buy” rating to a “hold” rating in a report released on Wednesday.

Other analysts also recently issued reports about the company. Zacks Investment Research upgraded Regal Entertainment Group from a “sell” rating to a “hold” rating in a research report on Tuesday, October 10th. B. Riley set a $24.00 price objective on Regal Entertainment Group and gave the company a “buy” rating in a research report on Wednesday, October 18th. Benchmark upped their price objective on Regal Entertainment Group from $19.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, November 29th. MKM Partners restated a “buy” rating and issued a $20.00 price objective on shares of Regal Entertainment Group in a research report on Monday, September 18th. Finally, Wedbush restated an “outperform” rating and issued a $23.00 price objective (up from $19.00) on shares of Regal Entertainment Group in a research report on Monday, October 9th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $21.73.

Shares of Regal Entertainment Group (NYSE:RGC) opened at $22.68 on Wednesday. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of -2.84. The company has a market capitalization of $3,254.92, a price-to-earnings ratio of 23.56, a price-to-earnings-growth ratio of 2.18 and a beta of 1.14. Regal Entertainment Group has a 12-month low of $13.90 and a 12-month high of $23.56.

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 analysts predict that Regal Entertainment Group will post 0.95 EPS for the current year.

Regal Entertainment Group declared that its board has approved a stock buyback plan on Thursday, August 31st that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the company to purchase up to 2.2% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.

A number of institutional investors have recently added to or reduced their stakes in the stock. Brandywine Global Investment Management LLC acquired a new stake in Regal Entertainment Group during the second quarter worth about $48,366,000. Victory Capital Management Inc. acquired a new stake in Regal Entertainment Group during the third quarter worth about $22,557,000. Alliancebernstein L.P. increased its stake in Regal Entertainment Group by 11.6% during the second quarter. Alliancebernstein L.P. now owns 10,092,993 shares of the company’s stock worth $206,503,000 after acquiring an additional 1,048,051 shares during the last quarter. Neuberger Berman Group LLC increased its stake in Regal Entertainment Group by 20.9% during the third quarter. Neuberger Berman Group LLC now owns 5,966,512 shares of the company’s stock worth $95,464,000 after acquiring an additional 1,032,378 shares during the last quarter. Finally, Voya Investment Management LLC increased its stake in Regal Entertainment Group by 25.2% during the second quarter. Voya Investment Management LLC now owns 4,322,636 shares of the company’s stock worth $88,441,000 after acquiring an additional 870,550 shares during the last quarter. Hedge funds and other institutional investors own 85.33% of the company’s stock.

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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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