Other research analysts have also recently issued research reports about the stock. Deutsche Bank lowered their target price on shares of Restaurant Group from GBX 290 ($3.89) to GBX 225 ($3.02) and set a sell rating for the company in a report on Friday, February 2nd. Peel Hunt cut shares of Restaurant Group to a sell rating in a report on Thursday, May 17th. Berenberg Bank lowered their target price on shares of Restaurant Group from GBX 300 ($4.03) to GBX 230 ($3.09) and set a sell rating for the company in a report on Thursday, February 15th. Shore Capital restated a buy rating on shares of Restaurant Group in a report on Wednesday, February 7th. Finally, Citigroup lowered their target price on shares of Restaurant Group from GBX 425 ($5.70) to GBX 410 ($5.50) and set a buy rating for the company in a report on Thursday, March 8th. Four research analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average price target of GBX 320.42 ($4.30).
LON RTN opened at GBX 322.25 ($4.32) on Wednesday. Restaurant Group has a 52 week low of GBX 229.20 ($3.08) and a 52 week high of GBX 381.70 ($5.12).
The firm also recently declared a dividend, which will be paid on Thursday, July 5th. Investors of record on Thursday, June 7th will be paid a dividend of GBX 10.60 ($0.14) per share. The ex-dividend date of this dividend is Thursday, June 7th. This represents a yield of 4.16%. This is a boost from Restaurant Group’s previous dividend of $6.80.
Restaurant Group Company Profile
The Restaurant Group plc operates restaurants and pub restaurants in the United Kingdom. Its brands include Frankie & Benny's, Chiquito, Coast to Coast, Brunning & Price, Joe's Kitchen, and Garfunkel's. The company also operates TRG concessions that provide casual dining, counter service, coffee shops, pubs, and bars in the United Kingdom's airports and railways.
Receive News & Ratings for Restaurant Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Restaurant Group and related companies with MarketBeat.com's FREE daily email newsletter.