Brokerages Set Regal Entertainment Group (RGC) Price Target at $22.64

Regal Entertainment Group (NYSE:RGC) has been given a consensus rating of “Hold” by the seventeen ratings firms that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $22.64.

Several equities research analysts recently issued reports on the company. Zacks Investment Research upgraded Regal Entertainment Group from a “sell” rating to a “hold” rating in a research note on Friday, February 9th. B. Riley cut Regal Entertainment Group to a “hold” rating and set a $23.00 price target for the company. in a research note on Monday, January 22nd. MKM Partners cut Regal Entertainment Group from a “buy” rating to a “neutral” rating and set a $23.00 price target for the company. in a research note on Wednesday, January 17th. Wedbush set a $23.00 price target on Regal Entertainment Group and gave the company a “hold” rating in a research note on Monday, January 8th. Finally, Piper Jaffray Companies set a $23.00 price target on Regal Entertainment Group and gave the company a “hold” rating in a research note on Wednesday, January 3rd.

Shares of Regal Entertainment Group (NYSE RGC) remained flat at $$22.93 during mid-day trading on Wednesday. 2,195,500 shares of the company traded hands, compared to its average volume of 4,704,970. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of -2.84. The firm has a market capitalization of $3,600.35, a P/E ratio of 26.06, a PEG ratio of 2.22 and a beta of 1.05. Regal Entertainment Group has a one year low of $13.90 and a one year high of $23.17.

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 26th. Shareholders of record on Saturday, February 17th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 3.84%. The ex-dividend date is Thursday, February 15th. Regal Entertainment Group’s payout ratio is presently 101.15%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Neuberger Berman Group LLC lifted 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 purchasing an additional 1,032,378 shares during the last quarter. Eagle Asset Management Inc. increased its holdings in shares of Regal Entertainment Group by 18.3% during the third quarter. Eagle Asset Management Inc. now owns 5,557,432 shares of the company’s stock worth $89,919,000 after buying an additional 857,787 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Regal Entertainment Group by 10.9% during the fourth quarter. BlackRock Inc. now owns 5,332,964 shares of the company’s stock worth $122,713,000 after buying an additional 523,002 shares in the last quarter. Hamlin Capital Management LLC increased its holdings in shares of Regal Entertainment Group by 1.4% during the third quarter. Hamlin Capital Management LLC now owns 4,335,507 shares of the company’s stock worth $69,368,000 after buying an additional 60,489 shares in the last quarter. Finally, Sand Grove Capital Management LLP acquired a new position in shares of Regal Entertainment Group during the fourth quarter worth $64,187,000. Hedge funds and other institutional investors own 76.23% of the company’s stock.

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About Regal Entertainment Group

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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