Rating Worth Mentioning Today: HSBC Will Now Analyze Restaurant Group The PLC (LON:RTN); Has GBX 290.00 Target

November 28, 2016 - By Winifred Garcia

Why HSBC Gives Restaurant Group The PLC (LON:RTN) GBX 290.00 Price Target

In a analysts note released on Monday, 28 November, HSBC analyst just initiated coverage of Restaurant Group The PLC (LON:RTN) with Reduce rating. The TP is GBX 290.00.

Restaurant Group PLC (LON:RTN) Ratings Coverage

Out of 20 analysts covering Restaurant Group The PLC (LON:RTN), 7 rate it a “Buy”, 3 “Sell”, while 10 “Hold”. This means 35% are positive. GBX 860 is the highest target while GBX 270 is the lowest. The GBX 468.06 average target is 40.14% above today’s (GBX 334) stock price. Restaurant Group The PLC has been the topic of 109 analyst reports since July 24, 2015 according to StockzIntelligence Inc. UBS maintained Restaurant Group PLC (LON:RTN) rating on Friday, September 23. UBS has “Neutral” rating and GBX 360 price target. On Monday, November 16 the stock rating was downgraded by Nomura to “Reduce”. The stock has “Overweight” rating given by JP Morgan on Friday, November 13. The firm has “Sell” rating given on Thursday, January 14 by Peel Hunt. The stock has “Hold” rating given by Canaccord Genuity on Tuesday, November 17. The stock of Restaurant Group PLC (LON:RTN) has “Hold” rating given on Friday, April 29 by Canaccord Genuity. Barclays Capital maintained the stock with “Equal Weight” rating in Wednesday, November 23 report. The rating was maintained by Numis Securities on Friday, August 28 with “Buy”. The firm has “Buy” rating by Numis Securities given on Tuesday, January 5. The firm earned “Buy” rating on Monday, September 14 by Deutsche Bank.

About 252,281 shares traded hands. Restaurant Group PLC (LON:RTN) has declined 8.31% since April 28, 2016 and is downtrending. It has underperformed by 14.32% the S&P500.

Analysts await Raytheon Company (NYSE:RTN) to report earnings on January, 26. They expect $1.86 EPS, down 3.63% or $0.07 from last year’s $1.93 per share. RTN’s profit will be $548.67 million for 19.97 P/E if the $1.86 EPS becomes a reality. After $1.79 actual EPS reported by Raytheon Company for the previous quarter, Wall Street now forecasts 3.91% EPS growth.

Insitutional Activity: The institutional sentiment decreased to 1.2 in Q2 2016. Its down 0.02, from 1.22 in 2016Q1. The ratio worsened, 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.

First Trust reported 5,254 shares or 0.11% of all its holdings. Contravisory Investment Mgmt accumulated 42 shares or 0% of the stock. Rnc Mngmt Ltd Liability Co, a California-based fund reported 3,725 shares. Pillar Pacific Cap Management Ltd Liability Com reported 59,179 shares or 1.36% of all its holdings. Etrade Mgmt owns 18,654 shares or 0.13% of their US portfolio. Linscomb Williams Inc holds 0.02% of its portfolio in Restaurant Group PLC (LON:RTN) for 1,508 shares. Blackrock Institutional Tru Com Na has 0.19% invested in the company for 8.40M shares. Nepsis Capital last reported 43,927 shares in the company. Next Gru holds 0.08% of its portfolio in Restaurant Group PLC (LON:RTN) for 1,816 shares. The Washington-based Tradewinds Capital Mgmt Ltd has invested 0.07% in Restaurant Group PLC (LON:RTN). Brown Brothers Harriman And last reported 8,961 shares in the company. Chicago Equity Ptnrs Lc last reported 0.01% of its portfolio in the stock. Strs Ohio has 0.16% invested in the company for 266,269 shares. Highbridge Capital Limited Liability Corporation has 0.03% invested in the company for 13,205 shares. Arvest Bancshares Division accumulated 1,956 shares or 0.02% of the stock.

Insider Transactions: Since June 6, 2016, the stock had 0 buys, and 7 sales for $4.41 million net activity. On Tuesday, August 2 the insider Clark Vernon E sold $358,160. $639,696 worth of shares were sold by RHOADS REBECCA R on Monday, June 6. The insider Wood Michael J sold 2,582 shares worth $344,310. Lawrence Taylor W had sold 3,330 shares worth $468,265 on Tuesday, September 6. Kennedy Thomas A sold $1.85 million worth of stock or 13,858 shares. Another trade for 1,238 shares valued at $165,087 was made by O’Brien Anthony F 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 671.55 million GBP. The Firm operates through operating restaurants segment. It has a 37.99 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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