Shares of Regal Entertainment Group (NYSE:RGC) have earned an average recommendation of “Hold” from the sixteen ratings firms that are presently covering the company. Two analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $25.46.
A number of analysts have weighed in on RGC shares. Loop Capital restated a “hold” rating and set a $22.00 price objective on shares of Regal Entertainment Group in a research note on Tuesday, February 7th. B. Riley restated a “buy” rating and set a $27.50 price objective on shares of Regal Entertainment Group in a research note on Friday, February 10th. Wunderlich restated a “buy” rating and set a $31.00 price objective on shares of Regal Entertainment Group in a research note on Monday, March 20th. Wedbush restated a “buy” rating and set a $25.00 price objective on shares of Regal Entertainment Group in a research note on Monday, February 6th. Finally, Credit Suisse Group AG lowered shares of Regal Entertainment Group from a “neutral” rating to an “underperform” rating and set a $20.00 price objective for the company. in a research note on Tuesday, January 31st.
In related news, EVP Peter B. Brandow sold 20,233 shares of the firm’s stock in a transaction that occurred on Thursday, March 9th. The shares were sold at an average price of $22.50, for a total value of $455,242.50. Following the transaction, the executive vice president now owns 212,715 shares of the company’s stock, valued at $4,786,087.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Gregory W. Dunn sold 26,050 shares of the firm’s stock in a transaction that occurred on Thursday, March 9th. The stock was sold at an average price of $22.15, for a total transaction of $577,007.50. Following the completion of the transaction, the insider now directly owns 67,052 shares in the company, valued at approximately $1,485,201.80. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new position in Regal Entertainment Group during the fourth quarter worth about $24,513,000. Numeric Investors LLC acquired a new position in Regal Entertainment Group during the fourth quarter worth about $952,000. Barings LLC increased its position in Regal Entertainment Group by 205.3% in the fourth quarter. Barings LLC now owns 69,300 shares of the company’s stock worth $1,428,000 after buying an additional 46,600 shares during the last quarter. Boothbay Fund Management LLC acquired a new position in Regal Entertainment Group during the fourth quarter worth about $416,000. Finally, Cigna Investments Inc. New acquired a new position in Regal Entertainment Group during the fourth quarter worth about $288,000. 65.33% of the stock is currently owned by institutional investors.
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Shares of Regal Entertainment Group (NYSE:RGC) opened at 22.35 on Thursday. The company has a market cap of $3.49 billion, a price-to-earnings ratio of 20.50 and a beta of 0.92. Regal Entertainment Group has a 52-week low of $19.35 and a 52-week high of $24.79. The stock has a 50 day moving average of $21.91 and a 200 day moving average of $22.05.
Regal Entertainment Group (NYSE:RGC) last released its quarterly earnings data on Thursday, February 9th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.07. The business earned $812.60 million during the quarter, compared to analyst estimates of $804.85 million. Regal Entertainment Group had a net margin of 5.33% and a negative return on equity of 20.07%. Regal Entertainment Group’s revenue was down 4.2% compared to the same quarter last year. During the same period last year, the business earned $0.35 EPS. On average, equities research analysts expect that Regal Entertainment Group will post $1.21 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 15th. Stockholders of record on Friday, March 3rd were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date was Wednesday, March 1st. Regal Entertainment Group’s payout ratio is presently 81.48%.
Regal Entertainment Group Company Profile
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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