Regal Entertainment Group (RGC) Upgraded at Hilliard Lyons

Hilliard Lyons upgraded shares of Regal Entertainment Group (NYSE:RGC) to a buy rating in a report published on Thursday morning. The analysts noted that the move was a valuation call.

A number of other research analysts have also issued reports on the company. Loop Capital upgraded Regal Entertainment Group from a hold rating to a buy rating and lifted their target price for the company from $23.00 to $25.00 in a report on Tuesday, May 16th. B. Riley upgraded Regal Entertainment Group to a buy rating and set a $28.75 price target on the stock in a research note on Saturday, April 29th. Wedbush restated a buy rating and issued a $26.00 price target on shares of Regal Entertainment Group in a research note on Thursday, April 27th. Royal Bank of Canada raised their price target on Regal Entertainment Group from $23.00 to $25.00 and gave the company a sector perform rating in a research note on Thursday, April 27th. Finally, FBR & Co raised their price target on Regal Entertainment Group from $23.00 to $25.00 and gave the company a mkt perform rating in a research note on Thursday, April 27th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Regal Entertainment Group has a consensus rating of Hold and an average price target of $26.21.

Regal Entertainment Group (NYSE:RGC) opened at 20.60 on Thursday. The company has a market capitalization of $3.22 billion, a price-to-earnings ratio of 18.07 and a beta of 0.92. The stock has a 50 day moving average price of $21.65 and a 200 day moving average price of $21.98. Regal Entertainment Group has a 52-week low of $19.35 and a 52-week high of $24.79.

Regal Entertainment Group (NYSE:RGC) last released its earnings results on Wednesday, April 26th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.36 by $0.04. The company had revenue of $821.20 million during the quarter, compared to analysts’ expectations of $808.18 million. Regal Entertainment Group had a net margin of 5.33% and a negative return on equity of 20.07%. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter last year, the business posted $0.27 earnings per share. On average, equities analysts expect that Regal Entertainment Group will post $1.26 earnings per share for the current year.

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The business also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Monday, June 5th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 4.27%. The ex-dividend date is Thursday, June 1st. Regal Entertainment Group’s dividend payout ratio (DPR) is presently 81.48%.

In other Regal Entertainment Group news, EVP Peter B. Brandow sold 20,233 shares of Regal Entertainment Group stock in a transaction that occurred on Thursday, March 9th. The stock was sold at an average price of $22.50, for a total value of $455,242.50. Following the sale, the executive vice president now owns 212,715 shares of the company’s stock, valued at approximately $4,786,087.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gregory W. Dunn sold 26,050 shares of Regal Entertainment Group stock in a transaction that occurred on Thursday, March 9th. The shares were sold at an average price of $22.15, for a total value of $577,007.50. Following the completion of the sale, the insider now directly owns 67,052 shares in the company, valued at approximately $1,485,201.80. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

A number of large investors have recently made changes to their positions in RGC. Three Peaks Capital Management LLC raised its stake in shares of Regal Entertainment Group by 5.6% in the third quarter. Three Peaks Capital Management LLC now owns 275,176 shares of the company’s stock worth $5,985,000 after buying an additional 14,533 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of Regal Entertainment Group during the fourth quarter worth $15,348,000. Norges Bank acquired a new stake in shares of Regal Entertainment Group during the fourth quarter worth $24,513,000. Altrinsic Global Advisors LLC acquired a new stake in shares of Regal Entertainment Group during the third quarter worth $18,105,000. Finally, Parallel Advisors LLC acquired a new stake in shares of Regal Entertainment Group during the fourth quarter worth $142,000. 65.33% of the stock is currently owned by institutional investors.

About Regal Entertainment Group

Regal Entertainment Group is an operator of theatre circuits in the United States. As of December 31, 2016, the Company operated 7,267 screens in 561 theatres in 42 states along with Guam, Saipan, American Samoa and the District of Columbia. The Company manages its business under theatre exhibition operations segment.

12 Month Chart for NYSE:RGC

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