Regal Entertainment Group (NYSE:RGC) PT Set at $19.00 by Piper Jaffray Companies
Several other equities research analysts have also recently weighed in on the stock. Wedbush reaffirmed a buy rating on shares of Regal Entertainment Group in a research report on Thursday. B. Riley reaffirmed a buy rating and issued a $26.00 price target on shares of Regal Entertainment Group in a research report on Thursday. Royal Bank Of Canada reaffirmed a hold rating and issued a $22.00 price target on shares of Regal Entertainment Group in a research report on Thursday. BidaskClub cut shares of Regal Entertainment Group from a hold rating to a sell rating in a research report on Wednesday, July 19th. Finally, Morgan Stanley lowered their price target on shares of Regal Entertainment Group from $22.00 to $21.00 and set an underweight rating for the company in a research report on Thursday, July 6th. Five research analysts have rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $24.57.
Shares of Regal Entertainment Group (RGC) opened at 19.26 on Thursday. The company’s 50 day moving average is $20.06 and its 200 day moving average is $21.34. The company has a market cap of $3.02 billion, a P/E ratio of 17.87 and a beta of 0.93. Regal Entertainment Group has a 12 month low of $18.64 and a 12 month high of $24.79.
Regal Entertainment Group (NYSE:RGC) last announced its quarterly earnings results on Wednesday, July 26th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.18 by $0.02. Regal Entertainment Group had a negative return on equity of 20.38% and a net margin of 5.24%. The business had revenue of $764.20 million during the quarter, compared to analysts’ expectations of $764.15 million. During the same period in the previous year, the company posted $0.23 EPS. Regal Entertainment Group’s revenue for the quarter was down 2.8% on a year-over-year basis. On average, equities research analysts predict that Regal Entertainment Group will post $1.08 EPS for the current fiscal year.
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The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Tuesday, September 5th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.57%. Regal Entertainment Group’s dividend payout ratio is currently 82.24%.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Lee Financial Co boosted its position in Regal Entertainment Group by 1.0% in the second quarter. Lee Financial Co now owns 58,328 shares of the company’s stock worth $1,193,000 after buying an additional 591 shares in the last quarter. Hamlin Capital Management LLC boosted its position in Regal Entertainment Group by 22.5% in the second quarter. Hamlin Capital Management LLC now owns 4,275,018 shares of the company’s stock worth $87,467,000 after buying an additional 783,967 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in Regal Entertainment Group by 4.3% in the second quarter. Janney Montgomery Scott LLC now owns 62,725 shares of the company’s stock worth $1,283,000 after buying an additional 2,565 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its position in Regal Entertainment Group by 4.2% in the second quarter. Public Employees Retirement Association of Colorado now owns 24,666 shares of the company’s stock worth $505,000 after buying an additional 983 shares in the last quarter. Finally, Steinberg Global Asset Management boosted its position in Regal Entertainment Group by 1.8% in the second quarter. Steinberg Global Asset Management now owns 37,620 shares of the company’s stock worth $770,000 after buying an additional 671 shares in the last quarter. 76.55% of the stock is owned by institutional investors and hedge funds.
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.
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