Rating of The Day: Restaurant Group The PLC (LON:RTN) Equal weight Rating Reiterated by Analysts at Barclays Capital; The Target is GBX 390.00

November 23, 2016 - By Louis Casey

Restaurant Group The PLC (LON:RTN) Rating

The company have set target of GBX 390.00 on Restaurant Group The PLC (LON:RTN) shares. This is 5.39% from the last stock close price. In an analyst report published on Wednesday morning, Barclays Capital reconfirmed their Equal weight rating on shares of RTN.

Restaurant Group PLC (LON:RTN) Ratings Coverage

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 31.97% above today’s (GBX 362.6) stock price. Restaurant Group The PLC has been the topic of 108 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock of Restaurant Group PLC (LON:RTN) earned “Hold” rating by Investec on Thursday, March 10. The firm has “Buy” rating given on Thursday, February 18 by Numis Securities. Canaccord Genuity maintained it with “Buy” rating and GBX 760 target price in Friday, July 31 report. The rating was maintained by Canaccord Genuity on Friday, October 16 with “Buy”. The firm has “Buy” rating by Canaccord Genuity given on Thursday, November 12. The rating was maintained by Shore Capital with “Sell” on Thursday, November 12. The rating was maintained by Numis Securities with “Buy” on Tuesday, January 5. Numis Securities maintained it with “Buy” rating and GBX 860 target price in Tuesday, September 1 report. The company was maintained on Friday, January 22 by Canaccord Genuity. The rating was maintained by Canaccord Genuity on Friday, March 11 with “Hold”.

About 123,764 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 turned negative, 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.

Texas Permanent School Fund holds 0.17% or 96,353 shares in its portfolio. Hudson Canyon Counselors Ltd Llc has 10,236 shares for 1.59% of their US portfolio. Kingfisher Capital Lc has 0% invested in the company for 10,899 shares. Loeb Ptnrs Corp last reported 0.09% of its portfolio in the stock. Arizona State Retirement Systems last reported 0.2% of its portfolio in the stock. Sigma Planning Corporation accumulated 0.07% or 4,082 shares. Meritage Management holds 0.61% or 39,603 shares in its portfolio. Security Bank & Trust Of So Dak holds 1,600 shares or 0.3% of its portfolio. Atria Invests Limited Liability Corp last reported 12,053 shares in the company. Twin Tree Management Ltd Partnership holds 1,889 shares or 0% of its portfolio. Kings Point Management reported 365 shares or 0.01% of all its holdings. Van Eck Corp accumulated 0% or 2,648 shares. Deroy & Devereaux Private Counsel Incorporated last reported 95,111 shares in the company. Forte Llc Adv accumulated 0.08% or 1,575 shares. State Of New Jersey Common Pension Fund D holds 300,000 shares or 0.19% of its portfolio.

Insider Transactions: Since June 6, 2016, the stock had 0 buys, and 7 selling transactions for $4.41 million net activity. Lawrence Taylor W also sold $580,167 worth of Restaurant Group PLC (LON:RTN) on Monday, June 6. RHOADS REBECCA R sold $639,696 worth of stock or 4,781 shares. Clark Vernon E had sold 2,540 shares worth $358,160 on Tuesday, August 2. The insider O’Brien Anthony F sold $165,087. Kennedy Thomas A sold $1.85M worth of Restaurant Group PLC (LON:RTN) on Monday, June 6. Wood Michael J had sold 2,582 shares worth $344,310.

The Restaurant Group plc is a United Kingdom company, which operates over 500 restaurants and pub restaurants. The company has a market cap of 729.05 million GBP. The Firm operates through operating restaurants segment. It has a 41.24 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.”

RTN Company Profile

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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