Restaurant Group (LON:RTN) Stock Crosses Above Two Hundred Day Moving Average of $133.43

Restaurant Group PLC (LON:RTN) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $133.43 and traded as high as $145.80. Restaurant Group shares last traded at $145.00, with a volume of 490,268 shares trading hands.

Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Restaurant Group in a research note on Wednesday, May 15th. Berenberg Bank reiterated a “buy” rating and issued a GBX 175 ($2.29) target price on shares of Restaurant Group in a research note on Thursday, June 27th. Shore Capital reiterated a “buy” rating on shares of Restaurant Group in a research note on Thursday, July 4th. Liberum Capital reiterated a “hold” rating on shares of Restaurant Group in a research note on Friday, May 17th. Finally, Peel Hunt reiterated a “hold” rating on shares of Restaurant Group in a research note on Tuesday, August 13th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company’s stock. Restaurant Group presently has an average rating of “Buy” and a consensus price target of GBX 189.55 ($2.48).

The stock has a market cap of $715.13 million and a P/E ratio of 60.63. The company has a debt-to-equity ratio of 77.86, a current ratio of 0.57 and a quick ratio of 0.40. The business’s 50 day simple moving average is GBX 143.77 and its 200 day simple moving average is GBX 133.40.

About Restaurant Group (LON:RTN)

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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