Restaurant Group PLC (LON:RTN) has earned a consensus rating of “Buy” from the twelve analysts that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is GBX 168.89 ($2.21).
Several research analysts recently commented on RTN shares. Liberum Capital reissued a “hold” rating and set a GBX 170 ($2.22) target price on shares of Restaurant Group in a research note on Tuesday, September 3rd. Peel Hunt reissued a “hold” rating on shares of Restaurant Group in a report on Friday, September 13th. UBS Group reissued a “neutral” rating and issued a GBX 145 ($1.89) target price on shares of Restaurant Group in a report on Tuesday, September 3rd. Berenberg Bank reaffirmed a “buy” rating and set a GBX 175 ($2.29) price objective on shares of Restaurant Group in a research note on Thursday, June 27th. Finally, Shore Capital reissued a “buy” rating on shares of Restaurant Group in a research note on Thursday, July 4th.
In other news, insider Andy C. Hornby bought 232,471 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The shares were purchased at an average price of GBX 128 ($1.67) per share, with a total value of £297,562.88 ($388,818.61).
The firm also recently declared a dividend, which will be paid on Thursday, October 10th. Stockholders of record on Thursday, September 12th will be issued a dividend of GBX 2.10 ($0.03) per share. This represents a dividend yield of 1.55%. The ex-dividend date of this dividend is Thursday, September 12th. This is a boost from Restaurant Group’s previous dividend of $1.47. Restaurant Group’s payout ratio is 2.50%.
About Restaurant Group
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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