Regal Entertainment Group (NYSE:RGC)‘s stock had its “outperform” rating reissued by stock analysts at Wedbush in a note issued to investors on Wednesday. They presently have a $25.00 target price on the stock. Wedbush’s target price would indicate a potential upside of 15.79% from the stock’s previous close.

A number of other research analysts also recently issued reports on the stock. B. Riley reissued a “neutral” rating and set a $23.00 price objective on shares of Regal Entertainment Group in a research report on Monday, July 25th. Credit Suisse Group AG reissued a “neutral” rating and set a $20.00 price objective on shares of Regal Entertainment Group in a research report on Sunday, June 12th. Hilliard Lyons downgraded shares of Regal Entertainment Group from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 27th. FBR & Co boosted their price objective on shares of Regal Entertainment Group from $22.00 to $25.00 and gave the company a “market perform” rating in a research report on Wednesday, July 27th. Finally, Zacks Investment Research downgraded shares of Regal Entertainment Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 21st. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $22.53.

Regal Entertainment Group (NYSE:RGC) opened at 21.59 on Wednesday. Regal Entertainment Group has a 52-week low of $16.50 and a 52-week high of $24.19. The company has a market capitalization of $3.37 billion, a price-to-earnings ratio of 22.44 and a beta of 1.13. The company’s 50 day moving average is $21.57 and its 200-day moving average is $21.34.

Regal Entertainment Group (NYSE:RGC) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.23 EPS for the quarter, missing the Zacks’ consensus estimate of $0.24 by $0.01. Regal Entertainment Group had a net margin of 4.80% and a negative return on equity of 18.52%. The firm had revenue of $785.90 million for the quarter, compared to the consensus estimate of $801.49 million. During the same quarter in the prior year, the company earned $0.38 earnings per share. The company’s quarterly revenue was down 8.9% compared to the same quarter last year. Equities analysts anticipate that Regal Entertainment Group will post $0.99 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Friday, September 2nd were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 4.08%. The ex-dividend date of this dividend was Wednesday, August 31st. Regal Entertainment Group’s dividend payout ratio is currently 91.67%.

In other Regal Entertainment Group news, EVP Peter B. Brandow sold 49,024 shares of the company’s stock in a transaction dated Wednesday, June 29th. The shares were sold at an average price of $21.51, for a total transaction of $1,054,506.24. Following the transaction, the executive vice president now owns 219,028 shares in the company, valued at approximately $4,711,292.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Gregory W. Dunn sold 30,765 shares of the company’s stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $21.75, for a total transaction of $669,138.75. Following the transaction, the insider now owns 74,151 shares in the company, valued at approximately $1,612,784.25. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Societe Generale acquired a new position in shares of Regal Entertainment Group during the second quarter valued at $103,000. Advisor Group Inc. acquired a new position in shares of Regal Entertainment Group during the second quarter valued at $103,000. BlueMountain Capital Management LLC acquired a new position in shares of Regal Entertainment Group during the second quarter valued at $125,000. Pacer Advisors Inc. acquired a new position in shares of Regal Entertainment Group during the second quarter valued at $140,000. Finally, First Manhattan Co. boosted its position in shares of Regal Entertainment Group by 138.3% in the second quarter. First Manhattan Co. now owns 7,150 shares of the company’s stock valued at $157,000 after buying an additional 4,150 shares during the period. Institutional investors and hedge funds own 63.44% of the company’s stock.

About Regal Entertainment Group

Regal Entertainment Group (Regal) operates a theatre circuit in the United States. The Company operates in the segment of theatre exhibition operations. It develops, acquires and operates multi-screen theatres in mid-sized metropolitan markets and suburban growth areas of metropolitan markets throughout the United States.

5 Day Chart for NYSE:RGC

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