Restaurant Group PLC (LON:RTN) Insider Purchases £297,562.88 in Stock

Restaurant Group PLC (LON:RTN) insider Andy C. Hornby acquired 232,471 shares of Restaurant Group stock in a transaction that occurred on Tuesday, September 10th. The shares were purchased at an average price of GBX 128 ($1.67) per share, for a total transaction of £297,562.88 ($388,818.61).

LON:RTN traded up GBX 4.90 ($0.06) during trading hours on Tuesday, hitting GBX 133.30 ($1.74). 1,519,663 shares of the company were exchanged, compared to its average volume of 1,090,000. The stock has a market capitalization of $639.44 million and a price-to-earnings ratio of 55.54. The company has a current ratio of 0.57, a quick ratio of 0.40 and a debt-to-equity ratio of 77.86. Restaurant Group PLC has a one year low of GBX 110.10 ($1.44) and a one year high of GBX 222.94 ($2.91). The company has a fifty day simple moving average of GBX 145.60 and a 200 day simple moving average of GBX 133.70.

The business also recently declared a dividend, which will be paid on Thursday, October 10th. Shareholders of record on Thursday, September 12th will be given a GBX 2.10 ($0.03) dividend. This represents a dividend yield of 1.55%. The ex-dividend date of this dividend is Thursday, September 12th. This is a positive change from Restaurant Group’s previous dividend of $1.47. Restaurant Group’s payout ratio is 2.50%.

A number of equities analysts have issued reports on RTN shares. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Restaurant Group in a report on Wednesday, May 15th. UBS Group reissued a “neutral” rating and set a GBX 145 ($1.89) price target on shares of Restaurant Group in a research note on Tuesday, September 3rd. Peel Hunt restated a “hold” rating on shares of Restaurant Group in a report on Monday, September 2nd. Shore Capital reaffirmed a “buy” rating on shares of Restaurant Group in a research note on Thursday, July 4th. Finally, Liberum Capital reaffirmed a “hold” rating and issued a GBX 170 ($2.22) price objective on shares of Restaurant Group in a research note on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of GBX 166.50 ($2.18).

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, Garfunkel's, Firejacks, Wagamama, and Joe's Kitchen. The company also operates TRG concessions that provide table service, counter service, sandwich shops, pubs, and bars.

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