Restaurant Group PLC (LON:RTN) declared a dividend on Friday, August 31st, Upcoming.Co.Uk reports. Stockholders of record on Thursday, September 13th will be given a dividend of GBX 6.80 ($0.09) per share on Thursday, October 11th. This represents a dividend yield of 2.32%. The ex-dividend date of this dividend is Thursday, September 13th. The official announcement can be accessed at this link.
LON RTN traded down GBX 2.40 ($0.03) during trading hours on Friday, hitting GBX 271.80 ($3.51). 767,943 shares of the company traded hands, compared to its average volume of 1,090,000. Restaurant Group has a twelve month low of GBX 229.20 ($2.96) and a twelve month high of GBX 381.70 ($4.92).
Several analysts have issued reports on the company. Numis Securities restated a “buy” rating and issued a GBX 400 ($5.16) price objective on shares of Restaurant Group in a research note on Friday, August 31st. Liberum Capital reduced their price target on Restaurant Group from GBX 430 ($5.55) to GBX 350 ($4.51) and set a “buy” rating on the stock in a research report on Friday, August 31st. Citigroup reaffirmed a “buy” rating on shares of Restaurant Group in a report on Monday, September 3rd. Peel Hunt reaffirmed a “sell” rating on shares of Restaurant Group in a report on Wednesday, May 23rd. Finally, Berenberg Bank raised their price objective on Restaurant Group from GBX 220 ($2.84) to GBX 250 ($3.22) and gave the company a “sell” rating in a report on Wednesday, May 30th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. Restaurant Group has a consensus rating of “Hold” and an average price target of GBX 312.73 ($4.03).
About Restaurant Group
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, and Joe's Kitchen. The company also operates TRG concessions that provide table service, counter service, sandwich shops, pubs, and bars in the United Kingdom's airports.
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