Regal Entertainment Group (RGC) is Reiterated by MKM Partners to Neutral, Raises Price Target to $ 22

Regal Entertainment Group (RGC) was Reiterated by MKM Partners to “Neutral” according to the research note released today. The brokerage firm has raised the Price Target to $ 22 from a previous price target of $20 . MKM Partners advised their investors in a research report released on Jul 25, 2016.

Many Wall Street Analysts have commented on Regal Entertainment Group. RBC Capital Mkts Downgraded Regal Entertainment Group on Jul 18, 2016 to ” Sector Perform”, Price Target of the shares are set at $23.RBC Capital Mkts Upgraded Regal Entertainment Group on Jun 15, 2016 to ” Outperform”, Price Target of the shares are set at $23.Company shares were Reiterated by Topeka Capital Markets on Apr 29, 2016 to “Hold”, Firm has raised the Price Target to $ 21 from a previous price target of $20 .

On the company’s financial health, Regal Entertainment Group reported $0.27 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.26. The company had revenue of $787.10 million for the quarter, compared to analysts expectations of $770.62 million. The company’s revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS.

Regal Entertainment Group closed down -0.17 points or -0.73% at $23.03 with 5,42,301 shares getting traded on Wednesday. Post opening the session at $23.25, the shares hit an intraday low of $23.03 and an intraday high of $23.28 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Jun 29, 2016, Peter B Brandow (EVP, General Counsel, Sec.) sold 49,024 shares at $21.51 per share price. According to the SEC, on Jun 17, 2016, Gregory W Dunn (President and COO) sold 25,000 shares at $20.28 per share price. On Mar 16, 2016, Amy E Miles (CEO) sold 103,201 shares at $21.02 per share price, according to the Form-4 filing with the securities and exchange commission.

Regal Entertainment Group (Regal) operates a theatre circuit in the United States. The Company’s theatre circuit consists of around 7367 screens in 574 theatres in 42 states along with Guam Saipan American Samoa and the District of Columbia. It operates multi-screen theatres and has an average of around 12.8 screens per location. The Company develops acquires and operates multi-screen theatres in mid-sized metropolitan markets and suburban growth areas of metropolitan markets throughout the United States. The Company is the parent company of Regal Entertainment Holdings Inc. (REH) which is the parent company of Regal Cinemas Corporation (Regal Cinemas) and its subsidiaries that include Regal Cinemas Inc. (RCI) Edwards Theatres Inc. (Edwards) Regal CineMedia Corporation (RCM) and United Arti

Regal Entertainment Group

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