Is there a Bearish outlook for The Restaurant Group plc (LON:RTN) this week?

June 18, 2018 - By Maria Brooks

The Restaurant Group plc (LON:RTN) LogoInvestors sentiment decreased to 0.98 in Q1 2018. Its down 0.11, from 1.09 in 2017Q4. It worsened, as 55 investors sold The Restaurant Group plc shares while 396 reduced holdings. 105 funds opened positions while 336 raised stakes. 201.09 million shares or 0.71% less from 202.53 million shares in 2017Q4 were reported.
Sandler Capital Mngmt has invested 1.27% in The Restaurant Group plc (LON:RTN). Redwood Investments Ltd Co holds 0.19% or 11,699 shares in its portfolio. Woodley Farra Manion Portfolio Management Incorporated has invested 0.83% in The Restaurant Group plc (LON:RTN). Efg Asset Management (Americas) Corporation accumulated 14,128 shares or 1.26% of the stock. Cadinha & Communications Lc, a Hawaii-based fund reported 18,283 shares. Mckinley Carter Wealth Service accumulated 215 shares or 0.02% of the stock. Appleton Incorporated Ma reported 8,611 shares. Family Firm Incorporated holds 0.12% or 1,483 shares. Oakworth Cap Inc invested in 0.06% or 1,180 shares. Old Dominion Cap Mngmt stated it has 0.57% of its portfolio in The Restaurant Group plc (LON:RTN). Coldstream Cap Mngmt Inc invested in 0.03% or 1,204 shares. Retail Bank Of Montreal Can has invested 0.12% in The Restaurant Group plc (LON:RTN). North Star Corp reported 600 shares or 0.02% of all its holdings. Gateway Investment Advisers Ltd Llc owns 320,228 shares for 0.61% of their portfolio. Centurylink Invest Mngmt Communication has invested 0.52% in The Restaurant Group plc (LON:RTN).

Since January 2, 2018, it had 1 buying transaction, and 24 selling transactions for $32.55 million activity. On Thursday, March 29 the insider Jimenez Frank R sold $320,152. Kennedy Thomas A had sold 6,076 shares worth $1.30 million. RHOADS REBECCA R sold 12,054 shares worth $2.56M. 1,000 shares were sold by Hadley Stephen J, worth $209,233. Wood Michael J also sold $131,734 worth of The Restaurant Group plc (LON:RTN) on Monday, June 4. Another trade for 650 shares valued at $120,790 was made by Long Letitia A on Tuesday, January 2.

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 319.50’s average target is 7.79% above currents GBX 296.4 stock price. Restaurant Group The PLC had 33 analyst reports since December 20, 2017 according to SRatingsIntel. The rating was maintained by Peel Hunt on Wednesday, March 28 with “Reduce”. The rating was maintained by Numis Securities on Thursday, January 25 with “Buy”. The stock has “Sell” rating by Berenberg on Wednesday, May 30. JP Morgan maintained the stock with “Overweight” rating in Tuesday, January 2 report. Peel Hunt maintained the stock with “Reduce” rating in Thursday, March 8 report. The stock has “Reduce” rating by Peel Hunt on Friday, January 5. The stock has “Buy” rating by Liberum Capital on Wednesday, May 23. The stock has “Reduce” rating by Peel Hunt on Monday, February 26. The rating was maintained by Peel Hunt with “Sell” on Wednesday, May 23. Numis Securities maintained the shares of RTN in report on Wednesday, May 23 with “Buy” rating. Below is a list of The Restaurant Group plc (LON:RTN) latest ratings and price target changes.

30/05/2018 Broker: Berenberg Rating: Sell Old Target: GBX 220.00 New Target: GBX 250.00 Maintain
23/05/2018 Broker: Numis Securities Rating: Buy Old Target: GBX 400.00 Maintain
23/05/2018 Broker: Peel Hunt Rating: Sell Old Target: GBX 220.00 Maintain
23/05/2018 Broker: Liberum Capital Rating: Buy Old Target: GBX 430.00 Maintain
17/05/2018 Broker: Peel Hunt Rating: Sell Old Target: GBX 220.00 Downgrade
04/05/2018 Broker: Liberum Capital Rating: Buy New Target: GBX 430.00 Maintain
20/04/2018 Broker: Peel Hunt Rating: Reduce Old Target: GBX 220.00 New Target: GBX 220.00 Maintain
28/03/2018 Broker: Peel Hunt Rating: Reduce Old Target: GBX 220.00 New Target: GBX 220.00 Maintain
13/03/2018 Broker: Berenberg Rating: Sell Old Target: GBX 230.00 New Target: GBX 220.00 Reiteration
14/03/2018 Broker: Numis Securities Rating: Buy Old Target: GBX 400.00 New Target: GBX 400.00 Maintain

The stock decreased 0.40% or GBX 1.2 during the last trading session, reaching GBX 296.4. About 684,793 shares traded. The Restaurant Group plc (LON:RTN) has 0.00% since June 18, 2017 and is . It has underperformed by 12.57% the S&P500.

The Restaurant Group plc operates restaurants and pub restaurants in the United Kingdom. The company has market cap of 593.92 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 18.07 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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