Regal Entertainment Group (NYSE:RGC)‘s stock had its “buy” rating reaffirmed by stock analysts at Wedbush in a research report issued to clients and investors on Friday. They presently have a $26.00 price target on the stock. Wedbush’s price target points to a potential upside of 17.86% from the company’s previous close.

Several other equities research analysts have also issued reports on RGC. B. Riley reiterated a “buy” rating and issued a $27.50 price target on shares of Regal Entertainment Group in a research note on Monday, January 23rd. Credit Suisse Group AG lowered shares of Regal Entertainment Group from a “neutral” rating to an “underperform” rating and set a $20.00 price target on the stock. in a research note on Tuesday, January 31st. Loop Capital reiterated a “hold” rating and issued a $22.00 price target on shares of Regal Entertainment Group in a research note on Tuesday, February 7th. Wunderlich reiterated a “buy” rating and issued a $31.00 price target on shares of Regal Entertainment Group in a research note on Monday, March 20th. Finally, FBR & Co reiterated a “hold” rating and issued a $23.00 price target on shares of Regal Entertainment Group in a research note on Monday, April 3rd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $25.20.

Analyst Recommendations for Regal Entertainment Group (NYSE:RGC)

Regal Entertainment Group (NYSE:RGC) traded down 0.23% during midday trading on Friday, hitting $22.06. 1,883,776 shares of the company traded hands. The stock’s 50-day moving average price is $22.16 and its 200 day moving average price is $22.12. Regal Entertainment Group has a 12-month low of $19.35 and a 12-month high of $24.79. The company has a market capitalization of $3.44 billion, a price-to-earnings ratio of 20.24 and a beta of 0.92.

Regal Entertainment Group (NYSE:RGC) last issued its quarterly earnings results on Thursday, February 9th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.07. Regal Entertainment Group had a net margin of 5.33% and a negative return on equity of 20.07%. The firm had revenue of $812.60 million for the quarter, compared to analyst estimates of $804.85 million. During the same period in the previous year, the business earned $0.35 EPS. The company’s revenue was down 4.2% compared to the same quarter last year. On average, equities analysts forecast that Regal Entertainment Group will post $1.24 EPS for the current year.

TRADEMARK VIOLATION NOTICE: This news story was reported by Financial Market News and is the property of of Financial Market News. If you are reading this news story on another publication, it was illegally stolen and republished in violation of United States & international copyright & trademark law. The correct version of this news story can be viewed at https://www.financial-market-news.com/2017/04/21/regal-entertainment-group-rgc-earns-outperform-rating-from-wedbush.html.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RGC. Dalton Greiner Hartman Maher & Co. raised its position in Regal Entertainment Group by 5.1% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 17,820 shares of the company’s stock valued at $402,000 after buying an additional 861 shares in the last quarter. Round Table Services LLC purchased a new position in Regal Entertainment Group during the first quarter valued at $202,000. Fox Run Management L.L.C. purchased a new position in Regal Entertainment Group during the first quarter valued at $497,000. Dynamic Advisors Solutions LLC raised its position in Regal Entertainment Group by 4.3% in the first quarter. Dynamic Advisors Solutions LLC now owns 176,065 shares of the company’s stock valued at $3,976,000 after buying an additional 7,240 shares in the last quarter. Finally, GW&K Investment Management LLC raised its position in shares of Regal Entertainment Group by 4.5% in the first quarter. GW&K Investment Management LLC now owns 1,638,208 shares of the company’s stock worth $36,991,000 after buying an additional 69,856 shares during the period. Institutional investors own 65.33% of the company’s stock.

Regal Entertainment Group Company Profile

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.

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.