Restaurant Group PLC (LON:RTN) Receives GBX 168.89 Average PT from Analysts

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).

Shares of RTN stock traded up GBX 1.30 ($0.02) on Friday, hitting GBX 141.40 ($1.85). The stock had a trading volume of 335,026 shares, compared to its average volume of 1,090,000. The company has a debt-to-equity ratio of 77.86, a current ratio of 0.57 and a quick ratio of 0.40. The firm has a market capitalization of $694.98 million and a P/E ratio of 58.92. 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 company’s 50 day moving average price is GBX 143.88 and its 200-day moving average price is GBX 134.01.

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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Analyst Recommendations for Restaurant Group (LON:RTN)

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