Restaurant Group The PLC (LON:RTN) Seems to Be a Stock That Peel Hunt Is a Bit Wary of; Firm Downgrades Shares

May 17, 2018 - By Eugene Smith

The Restaurant Group plc (LON:RTN) Logo

Investors sentiment decreased to 1.09 in Q4 2017. Its down 0.12, from 1.21 in 2017Q3. It fall, as 36 investors sold The Restaurant Group plc shares while 374 reduced holdings. 106 funds opened positions while 340 raised stakes. 202.53 million shares or 1.45% less from 205.51 million shares in 2017Q3 were reported.

Moors Cabot Inc reported 9,996 shares stake. Qci Asset holds 0.01% or 735 shares. State Of Wisconsin Investment Board holds 0.21% or 405,950 shares. Bbva Compass Bancorp has 0.01% invested in The Restaurant Group plc (LON:RTN) for 1,151 shares. Axiom Invsts Ltd De has invested 0.94% of its portfolio in The Restaurant Group plc (LON:RTN). King Wealth Mgmt Gp Limited Liability Company accumulated 0.62% or 9,350 shares. Cullen Capital Mgmt Llc stated it has 328,350 shares or 2.12% of all its holdings. Btr Cap Management Incorporated holds 37,724 shares or 1.39% of its portfolio. Neuberger Berman Gp Ltd has 0.26% invested in The Restaurant Group plc (LON:RTN). Summit Grp Limited Co has 0.41% invested in The Restaurant Group plc (LON:RTN). Azimuth Cap Ltd Liability Com has 0.25% invested in The Restaurant Group plc (LON:RTN). Optimum Investment Advsr, a Illinois-based fund reported 1,526 shares. 2,228 are owned by Peapack Gladstone. 8,917 were reported by Daiwa Securities. Moreover, Norinchukin Savings Bank The has 0.12% invested in The Restaurant Group plc (LON:RTN) for 37,769 shares.

Since January 2, 2018, it had 1 buy, and 19 selling transactions for $31.41 million activity. $208,322 worth of stock was sold by Lawrence Taylor W on Thursday, March 29. The insider WAJSGRAS DAVID C sold $2.77 million. Shares for $1.22 million were sold by Kennedy Thomas A. O’Brien Anthony F also sold $2.25 million worth of The Restaurant Group plc (LON:RTN) shares. The insider Long Letitia A sold 650 shares worth $120,790. 1,219 shares were bought by Paliwal Dinesh C, worth $249,895 on Monday, April 30.

Restaurant Group The PLC (LON:RTN) Receives a Downgrade

In an analyst report shared with investors and clients on Today, expert analysts at the Peel Hunt research division lowered the stock rating for Restaurant Group The PLC (LON:RTN) shares to a Sell.

The Restaurant Group plc (LON:RTN) Ratings Coverage

Among 11 analysts covering Restaurant Group The PLC (LON:RTN), 6 have Buy rating, 3 Sell and 2 Hold. Therefore 55% are positive. Restaurant Group The PLC has GBX 430 highest and GBX 220 lowest target. GBX 316.50’s average target is 6.64% above currents GBX 296.8 stock price. Restaurant Group The PLC had 30 analyst reports since December 12, 2017 according to SRatingsIntel. As per Friday, February 2, the company rating was maintained by Deutsche Bank. Peel Hunt maintained it with “Reduce” rating and GBX 220 target in Monday, February 26 report. The firm earned “Overweight” rating on Tuesday, December 12 by JP Morgan. Shore Capital maintained the shares of RTN in report on Wednesday, February 7 with “Buy” rating. The firm earned “Buy” rating on Wednesday, March 14 by Numis Securities. The firm has “Buy” rating by Liberum Capital given on Thursday, January 25. The stock of The Restaurant Group plc (LON:RTN) earned “Reduce” rating by Peel Hunt on Friday, January 19. The firm has “Sell” rating given on Thursday, May 17 by Peel Hunt. Liberum Capital maintained it with “Buy” rating and GBX 430 target in Wednesday, March 7 report. The company was maintained on Thursday, March 8 by Barclays Capital.

The stock decreased 2.69% or GBX 8.2 during the last trading session, reaching GBX 296.8. About 559,175 shares traded. The Restaurant Group plc (LON:RTN) has 0.00% since May 17, 2017 and is . It has underperformed by 11.55% the S&P500.

Analysts await The Restaurant Group plc (LON:RTN) to report earnings on July, 26. They expect $2.31 EPS, up 16.67 % or $0.33 from last year’s $1.98 per share. RTN’s profit will be $4.63 million for 32.12 P/E if the $2.31 EPS becomes a reality. After $2.20 actual EPS reported by The Restaurant Group plc for the previous quarter, Wall Street now forecasts 5.00 % EPS growth.

The Restaurant Group plc operates restaurants and pub restaurants in the United Kingdom. The company has market cap of 594.73 million GBP. The Company’s brands include Frankie & BennyÂ’s, Chiquito, Coast to Coast, Brunning & Price, JoeÂ’s Kitchen, and GarfunkelÂ’s. It has a 18.1 P/E ratio. The firm also operates TRG concessions that provide casual dining, counter service, coffee shops, pubs, and bars in the United KingdomÂ’s airports and railways.

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