Insider Buying: Restaurant Group PLC (RTN) Insider Acquires 5,617 Shares of Stock

Restaurant Group PLC (LON:RTN) insider Andy McCue bought 5,617 shares of Restaurant Group PLC stock in a transaction on Friday, March 31st. The shares were purchased at an average cost of GBX 335 ($4.22) per share, with a total value of £18,816.95 ($23,684.02).

Restaurant Group PLC (LON:RTN) opened at 355.90 on Friday. Restaurant Group PLC has a 12 month low of GBX 229.85 and a 12 month high of GBX 437.50. The company has a 50-day moving average price of GBX 349.50 and a 200 day moving average price of GBX 342.65. The stock’s market capitalization is GBX 713.08 million.

The company also recently disclosed a dividend, which will be paid on Friday, July 7th. Shareholders of record on Thursday, June 15th will be paid a dividend of GBX 10.60 ($0.13) per share. This represents a yield of 2.86%. This is an increase from Restaurant Group PLC’s previous dividend of $6.80. The ex-dividend date is Thursday, June 15th.

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A number of brokerages have commented on RTN. Panmure Gordon increased their target price on Restaurant Group PLC from GBX 310 ($3.90) to GBX 340 ($4.28) and gave the company a “hold” rating in a report on Thursday, March 9th. Peel Hunt raised Restaurant Group PLC to an “add” rating and increased their target price for the company from GBX 300 ($3.78) to GBX 350 ($4.41) in a report on Wednesday, March 8th. Beaufort Securities restated a “hold” rating on shares of Restaurant Group PLC in a research report on Thursday, January 26th. Berenberg Bank lowered Restaurant Group PLC to a “sell” rating and set a GBX 300 ($3.78) price target for the company. in a research report on Friday, March 24th. Finally, Citigroup Inc upped their price target on Restaurant Group PLC from GBX 345 ($4.34) to GBX 425 ($5.35) and gave the company a “buy” rating in a research report on Thursday, March 9th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of GBX 380.77 ($4.79).

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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