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.

ILLEGAL ACTIVITY WARNING: This news story was posted by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this news story on another website, it was stolen and republished in violation of U.S. & international copyright laws. The correct version of this news story can be read at https://sportsperspectives.com/2017/04/21/insider-buying-restaurant-group-plc-rtn-insider-buys-18816-95-in-stock-updated.html.

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.

Receive News & Ratings for Restaurant Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Restaurant Group PLC and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply