Peel Hunt reaffirmed their hold rating on shares of Restaurant Group PLC (LON:RTN) in a research note released on Thursday, May 4th. The brokerage currently has a GBX 350 ($4.52) price objective on the stock.
A number of other research firms have also recently weighed in on RTN. Liberum Capital restated a buy rating and issued a GBX 400 ($5.16) price target on shares of Restaurant Group PLC in a report on Wednesday, March 8th. Panmure Gordon lowered their target price on Restaurant Group PLC from GBX 400 ($5.16) to GBX 310 ($4.00) and set a hold rating on the stock in a report on Tuesday, January 31st. HSBC Holdings plc increased their target price on Restaurant Group PLC from GBX 265 ($3.42) to GBX 300 ($3.87) and gave the company a reduce rating in a report on Wednesday, March 15th. Shore Capital reiterated a buy rating on shares of Restaurant Group PLC in a report on Tuesday, January 31st. Finally, Barclays PLC reiterated an equal weight rating and set a GBX 400 ($5.16) target price (up previously from GBX 390 ($5.03)) on shares of Restaurant Group PLC in a report on Tuesday, March 14th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of GBX 370.83 ($4.79).
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The business also recently declared a dividend, which will be paid on Friday, July 7th. Investors of record on Thursday, June 15th will be issued a GBX 10.60 ($0.14) dividend. This is an increase from Restaurant Group PLC’s previous dividend of $6.80. This represents a yield of 2.86%. The ex-dividend date of this dividend is Thursday, June 15th.
In related news, insider Andy McCue purchased 5,617 shares of the stock in a transaction that occurred on Friday, March 31st. The stock was purchased at an average cost of GBX 335 ($4.32) per share, for a total transaction of £18,816.95 ($24,289.34).
About Restaurant Group PLC
The Restaurant Group plc is a United Kingdom-based company, which operates over 500 restaurants and pub restaurants. The Company operates through operating restaurants segment. Its portfolio covers a range of categories, including table service, counter service, sandwich shops, pubs and bars. The Company’s principal trading brands include Frankie & Benny’s, Chiquito and Coast to Coast.
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