Restaurant Group PLC (LON:RTN) announced a dividend on Friday, March 22nd, Upcoming.Co.Uk reports. Stockholders of record on Thursday, June 6th will be paid a dividend of GBX 1.47 ($0.02) per share on Friday, July 5th. This represents a dividend yield of 1.25%. The ex-dividend date is Thursday, June 6th. The official announcement can be viewed at this link.
Shares of LON:RTN traded down GBX 5.50 ($0.07) during midday trading on Friday, hitting GBX 117.90 ($1.54). The stock had a trading volume of 1,235,496 shares, compared to its average volume of 1,090,000. The company has a market cap of $605.66 million and a price-to-earnings ratio of 49.13. The company has a quick ratio of 0.40, a current ratio of 0.57 and a debt-to-equity ratio of 79.62. Restaurant Group has a 1 year low of GBX 121 ($1.58) and a 1 year high of GBX 244.41 ($3.19).
Several analysts have recently weighed in on RTN shares. Citigroup downgraded shares of Restaurant Group to a “sell” rating and lowered their target price for the company from GBX 197 ($2.57) to GBX 120 ($1.57) in a report on Wednesday, January 16th. Berenberg Bank lowered their target price on shares of Restaurant Group from GBX 270 ($3.53) to GBX 170 ($2.22) and set a “hold” rating on the stock in a report on Thursday, January 17th. Peel Hunt reiterated a “hold” rating on shares of Restaurant Group in a research note on Wednesday, February 20th. Shore Capital reiterated a “buy” rating on shares of Restaurant Group in a research note on Thursday, January 24th. Finally, Royal Bank of Canada initiated coverage on shares of Restaurant Group in a research note on Thursday, January 31st. They issued an “outperform” rating and a GBX 200 ($2.61) price objective for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of GBX 192.50 ($2.52).
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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, and Joe's Kitchen. The company also operates TRG concessions that provide table service, counter service, sandwich shops, pubs, and bars in the United Kingdom's airports.
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