November 23, 2016 - By whatsonthorold
In a research note issued to clients and investors on Wednesday morning, Restaurant Group (LON:RTN) stock had its “Equal-weight” Rating reiterated by research analysts at Barclays. They currently have a GBX 390.00 PT on firm. Barclays’s target means a potential upside of 7.38% from the company’s previous stock close.
Out of 19 analysts covering Restaurant Group The PLC (LON:RTN), 7 rate it a “Buy”, 2 “Sell”, while 10 “Hold”. This means 37% are positive. GBX 860 is the highest target while GBX 270 is the lowest. The GBX 478.53 average target is 31.75% above today’s (GBX 363.2) stock price. Restaurant Group The PLC has been the topic of 108 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The company was maintained on Monday, August 17 by Deutsche Bank. The firm has “Buy” rating by N+1 Singer given on Monday, September 26. Canaccord Genuity maintained Restaurant Group PLC (LON:RTN) on Friday, February 19 with “Hold” rating. The rating was maintained by Barclays Capital with “Equal Weight” on Thursday, March 10. The stock of Restaurant Group PLC (LON:RTN) has “Hold” rating given on Friday, August 28 by N+1 Singer. The stock of Restaurant Group PLC (LON:RTN) has “Hold” rating given on Friday, December 4 by Canaccord Genuity. The rating was maintained by Peel Hunt on Wednesday, June 15 with “Hold”. J.P. Morgan downgraded Restaurant Group PLC (LON:RTN) on Thursday, January 14 to “Neutral” rating. The firm earned “Buy” rating on Wednesday, March 9 by Numis Securities. Canaccord Genuity maintained it with “Hold” rating and GBX 400 target price in Friday, March 11 report.
About 259,626 shares traded hands. Restaurant Group PLC (LON:RTN) has risen 0.60% since April 25, 2016 and is uptrending. It has underperformed by 4.73% the S&P500.
Insitutional Activity: The institutional sentiment decreased to 1.2 in 2016 Q2. Its down 0.02, from 1.22 in 2016Q1. The ratio dived, as 59 funds sold all Restaurant Group PLC shares owned while 295 reduced positions. 92 funds bought stakes while 341 increased positions. They now own 226.41 million shares or 4.12% less from 236.13 million shares in 2016Q1.
Reliant Investment Limited last reported 23,420 shares in the company. Acadian Asset Mgmt Ltd Liability Corp holds 0% or 1,581 shares in its portfolio. Meridian Investment Counsel Inc has 0.16% invested in the company for 1,768 shares. Ledyard Bancorp owns 375 shares or 0.01% of their US portfolio. Moreover, Teachers Retirement System Of The State Of Kentucky has 0.07% invested in Restaurant Group PLC (LON:RTN) for 39,300 shares. Bokf Na owns 47,581 shares or 0.23% of their US portfolio. Affinity Inv Advisors Ltd Liability last reported 0.57% of its portfolio in the stock. State Board Of Administration Of Florida Retirement Sys accumulated 0.19% or 449,409 shares. Cordasco Fincl Network has 1,200 shares for 0.19% of their US portfolio. Roosevelt Invest Group last reported 0.1% of its portfolio in the stock. Qs Invsts Limited Liability has invested 0.04% of its portfolio in Restaurant Group PLC (LON:RTN). Barclays Pcl, a United Kingdom-based fund reported 140,226 shares. The Georgia-based Suntrust Banks has invested 0.19% in Restaurant Group PLC (LON:RTN). Anderson Hoagland & has invested 0.85% of its portfolio in Restaurant Group PLC (LON:RTN). Commonwealth Savings Bank Of has invested 0% of its portfolio in Restaurant Group PLC (LON:RTN).
Insider Transactions: Since June 6, 2016, the stock had 0 buys, and 7 insider sales for $4.41 million net activity. RHOADS REBECCA R sold $639,696 worth of stock or 4,781 shares. $358,160 worth of Restaurant Group PLC (LON:RTN) shares were sold by Clark Vernon E. Lawrence Taylor W sold $468,265 worth of stock or 3,330 shares. O’Brien Anthony F sold $165,087 worth of stock. $344,310 worth of Restaurant Group PLC (LON:RTN) was sold by Wood Michael J on Monday, June 6. Another trade for 13,858 shares valued at $1.85 million was made by Kennedy Thomas A on Monday, June 6.
The Restaurant Group plc is a United Kingdom company, which operates over 500 restaurants and pub restaurants. The company has a market cap of 730.26 million GBP. The Firm operates through operating restaurants segment. It has a 41.31 P/E ratio. The Company’s portfolio covers a range of categories, including table service, counter service, sandwich shops, pubs and bars.
According to Zacks Investment Research, “Raytheon Company is a global technology company. The company provides products and services in the areas of defense and commercial electronics, engineering and construction, and business and special mission aircraft. Raytheon has operations throughout the United States and serves customers in numerous countries around the world.”
Raytheon Company (Raytheon), incorporated on December 17, 1953, together with its subsidiaries, is a technology company, which specializes in defense and other government markets. The Firm develops technologically integrated products, services and solutions in various markets, such as sensing; effects; command, control, communications, computers, cyber and intelligence (C5I); mission support, and cybersecurity. The Firm operates in five divisions: Integrated Defense Systems (IDS); Intelligence, Information and Services (IIS); Missile Systems (MS); Space and Airborne Systems (SAS), and Forcepoint. The Company’s subsidiaries include Raytheon Systems Limited (RSL) and Raytheon Australia (RA).
More recent Restaurant Group PLC (LON:RTN) news were published by: Bloomberg.com which released: “Restaurant Group Ousts CEO, Hands Reins to Ex-Bookmaker Boss” on August 12, 2016. Also Bloomberg.com published the news titled: “Restaurant Group Shares Surge on Report of Cinven Bid Interest” on May 19, 2016. Marketwatch.com‘s news article titled: “Restaurant Group shares slide on profit warning” with publication date: April 29, 2016 was also an interesting one.
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