Peel Hunt reissued their hold rating on shares of Restaurant Group (LON:RTN) in a research note released on Friday, ThisIsMoney.Co.Uk reports.
Several other research analysts also recently commented on the stock. Berenberg Bank reiterated a buy rating and issued a GBX 175 ($2.29) target price on shares of Restaurant Group in a report on Thursday, June 27th. Shore Capital reiterated a buy rating on shares of Restaurant Group in a report on Thursday, July 4th. Liberum Capital reiterated a hold rating and issued a GBX 170 ($2.22) target price on shares of Restaurant Group in a report on Tuesday, September 3rd. Finally, UBS Group reiterated a neutral rating and issued a GBX 145 ($1.89) target price on shares of Restaurant Group in a report on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of GBX 166.50 ($2.18).
Restaurant Group stock opened at GBX 140.20 ($1.83) on Friday. The company has a market capitalization of $689.08 million and a P/E ratio of 58.42. The firm’s fifty day simple moving average is GBX 144.50 and its 200-day simple moving average is GBX 133.87. The company has a current ratio of 0.57, a quick ratio of 0.40 and a debt-to-equity ratio of 77.86. Restaurant Group has a 1-year low of GBX 110.10 ($1.44) and a 1-year high of GBX 222.94 ($2.91).
The firm also recently announced a dividend, which will be paid on Thursday, October 10th. Stockholders of record on Thursday, September 12th will be given a dividend of GBX 2.10 ($0.03) per share. This is a positive change from Restaurant Group’s previous dividend of $1.47. This represents a dividend yield of 1.55%. The ex-dividend date of this dividend is Thursday, September 12th. Restaurant Group’s payout ratio is 2.50%.
In other Restaurant Group news, insider Andy C. Hornby bought 232,471 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were acquired at an average cost of GBX 128 ($1.67) per share, for a total transaction of £297,562.88 ($388,818.61).
Restaurant Group Company Profile
The Restaurant Group plc operates restaurants and pub restaurants in the United Kingdom. Its brands include Frankie & Benny's, Chiquito, Coast to Coast, Brunning & Price, Garfunkel's, Firejacks, Wagamama, and Joe's Kitchen. The company also operates TRG concessions that provide table service, counter service, sandwich shops, pubs, and bars.
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