Regal Entertainment Group (RGC) is Initiated by Loop Capital to Hold, Price Target at $22

Regal Entertainment Group (RGC) was Initiated by Loop Capital to “Hold” and the brokerage firm has set the Price Target at $22. Loop Capital advised their investors in a research report released on Aug 24, 2016.

Many Wall Street Analysts have commented on Regal Entertainment Group. Company shares were Reiterated by The Benchmark Company on Jul 27, 2016 to “Buy”, Firm has raised the Price Target to $ 25.54 from a previous price target of $24.34 .Company shares were Reiterated by FBR Capital on Jul 27, 2016 to “Mkt Perform”, Firm has raised the Price Target to $ 25 from a previous price target of $22 .Regal Entertainment Group was Downgraded by Hilliard Lyons to ” Neutral” on Jul 27, 2016.

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 opened for trading at $21.56 and hit $21.6 on the upside on Tuesday, eventually ending the session at $21.47, with a gain of 0.09% or 0.02 points. The heightened volatility saw the trading volume jump to 9,04,223 shares. Company has a market cap of $3,366 M.

Investors should note that on Jul 26, 2016, Regal Entertainment Group announced a cash dividend of $0.2200. The company’s management has announced Aug 31, 2016 as the ex-dividend date and fixed the record date on Sep 2, 2016. The payable date has been fixed on Sep 15, 2016.

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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