November 30, 2016 - By Ellis Scott
In a an analyst report sent to investors and clients on Wednesday, 30 November, N+1 Singer has downgraded Restaurant Group The PLC (LON:RTN) stock to a Hold and has set one year target at GBX 350.00. N+1 Singer’s target is 4.77% from RTN’s last price.
Out of 20 analysts covering Restaurant Group The PLC (LON:RTN), 6 rate it a “Buy”, 3 “Sell”, while 11 “Hold”. This means 30% are positive. GBX 860 is the highest target while GBX 270 is the lowest. The GBX 460.83 average target is 41.27% above today’s (GBX 326.2) stock price. Restaurant Group The PLC has been the topic of 110 analyst reports since July 24, 2015 according to StockzIntelligence Inc. JP Morgan maintained the stock with “Overweight” rating in Friday, August 28 report. The rating was maintained by Canaccord Genuity on Tuesday, September 20 with “Buy”. Peel Hunt maintained Restaurant Group PLC (LON:RTN) on Friday, August 12 with “Hold” rating. The firm has “Equal Weight” rating by Barclays Capital given on Wednesday, November 23. The firm earned “Buy” rating on Thursday, November 12 by N+1 Singer. As per Thursday, January 14, the company rating was maintained by Numis Securities. The stock of Restaurant Group PLC (LON:RTN) has “Hold” rating given on Friday, April 29 by Peel Hunt. Beaufort Securities maintained the shares of RTN in a report on Tuesday, August 30 with “Hold” rating. The firm has “Sell” rating by Citigroup given on Wednesday, August 31. As per Thursday, January 14, the company rating was downgraded by J.P. Morgan.
About 242,073 shares traded hands. Restaurant Group PLC (LON:RTN) has risen 22.36% since May 2, 2016 and is uptrending. It has outperformed by 17.13% 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 $547.47 million for 20.23 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 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.
Hightower Advisors Llc holds 0.21% or 122,695 shares in its portfolio. Blue Bell Private Wealth Ltd Liability Com accumulated 0.04% or 437 shares. Prescott Grp Cap Management Limited Co accumulated 0.2% or 6,000 shares. Two Sigma Ltd Liability Co last reported 9,420 shares in the company. Plante Moran has 259 shares for 0.03% of their US portfolio. Element Management Ltd Liability Corporation last reported 7,782 shares in the company. Kcg Inc accumulated 24,897 shares or 0.07% of the stock. Wealthfront reported 12,256 shares or 0.05% of all its holdings. Nwq Inv Mgmt Ltd Liability Corporation has invested 1.13% of its portfolio in Restaurant Group PLC (LON:RTN). Archford Capital Strategies Ltd Com has invested 0.21% of its portfolio in Restaurant Group PLC (LON:RTN). Regentatlantic Limited Liability Co accumulated 0.87% or 66,214 shares. Montrusco Bolton Incorporated holds 2,930 shares or 0.03% of its portfolio. Charter Trust has 0.16% invested in the company for 10,380 shares. Sumitomo Mitsui Trust Inc has 863,324 shares for 0.2% of their US portfolio. First Trust has invested 0.11% of its portfolio in Restaurant Group PLC (LON:RTN).
Insider Transactions: Since June 6, 2016, the stock had 0 insider purchases, and 7 selling transactions for $4.41 million net activity. Another trade for 4,336 shares valued at $580,167 was made by Lawrence Taylor W on Monday, June 6. Shares for $639,696 were sold by RHOADS REBECCA R. Shares for $358,160 were sold by Clark Vernon E on Tuesday, August 2. $1.85 million worth of shares were sold by Kennedy Thomas A on Monday, June 6. Wood Michael J sold $344,310 worth of Restaurant Group PLC (LON:RTN) on Monday, June 6. O’Brien Anthony F sold 1,238 shares worth $165,087.
The Restaurant Group plc is a United Kingdom company, which operates over 500 restaurants and pub restaurants. The company has a market cap of 655.87 million GBP. The Firm operates through operating restaurants segment. It has a 37.1 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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By Ellis Scott