Super Group (SGHC) Limited (NYSE:SGHC) Receives Average Rating of "Buy" from Brokerages

Key Points

• Super Group (SGHC) Limited has received a consensus rating of "Buy" from ten brokerages, with an average 12-month price target of $15.40.
• JMP Securities and Benchmark recently increased their target prices for SGHC, setting them at $16.00 and $18.00 respectively, while Citigroup restated an "outperform" rating.
• The company announced a quarterly dividend of $0.04, giving an annualized yield of 1.2%, with the ex-dividend date on September 18th.

Shares of Super Group (SGHC) Limited (NYSE:SGHC - Get Free Report) have earned a consensus rating of "Buy" from the ten brokerages that are covering the company, MarketBeat.com reports. Eight equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $15.40.

Several research analysts have issued reports on SGHC shares. JMP Securities boosted their target price on Super Group (SGHC) from $15.00 to $16.00 and gave the company a "market outperform" rating in a research report on Monday. Benchmark upped their target price on shares of Super Group (SGHC) from $16.00 to $18.00 and gave the stock a "buy" rating in a research note on Thursday, September 18th. UBS Group set a $18.00 target price on shares of Super Group (SGHC) in a research note on Thursday. Citizens Jmp began coverage on shares of Super Group (SGHC) in a research note on Monday, July 14th. They issued a "strong-buy" rating and a $15.00 target price on the stock. Finally, Citigroup restated an "outperform" rating on shares of Super Group (SGHC) in a research note on Monday.

Hedge Funds Weigh In On Super Group (SGHC)

A number of hedge funds have recently added to or reduced their stakes in the stock. American Century Companies Inc. grew its stake in Super Group (SGHC) by 7.6% in the 2nd quarter. American Century Companies Inc. now owns 5,209,707 shares of the company's stock worth $57,150,000 after acquiring an additional 368,691 shares in the last quarter. Millennium Management LLC lifted its position in shares of Super Group (SGHC) by 127.2% in the 1st quarter. Millennium Management LLC now owns 2,737,329 shares of the company's stock worth $17,628,000 after purchasing an additional 1,532,666 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of Super Group (SGHC) by 120.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,243,545 shares of the company's stock worth $24,612,000 after purchasing an additional 1,224,942 shares during the period. Geode Capital Management LLC lifted its position in shares of Super Group (SGHC) by 7.9% in the 2nd quarter. Geode Capital Management LLC now owns 1,888,540 shares of the company's stock worth $20,717,000 after purchasing an additional 138,065 shares during the period. Finally, Acadian Asset Management LLC lifted its position in shares of Super Group (SGHC) by 58.1% in the 2nd quarter. Acadian Asset Management LLC now owns 1,816,284 shares of the company's stock worth $19,902,000 after purchasing an additional 667,571 shares during the period. 5.09% of the stock is currently owned by institutional investors.

Super Group (SGHC) Price Performance

Shares of NYSE:SGHC opened at $12.92 on Tuesday. Super Group has a 1 year low of $3.44 and a 1 year high of $13.71. The business has a 50 day simple moving average of $11.66 and a two-hundred day simple moving average of $9.58. The firm has a market capitalization of $6.50 billion, a PE ratio of 49.67 and a beta of 1.09.

Super Group (SGHC) (NYSE:SGHC - Get Free Report) last announced its earnings results on Thursday, September 4th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.02). Super Group (SGHC) had a net margin of 6.42% and a return on equity of 36.68%. The business had revenue of $579.00 million for the quarter, compared to analysts' expectations of $503.00 million. Equities research analysts expect that Super Group will post 0.29 EPS for the current fiscal year.

Super Group (SGHC) Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Thursday, September 18th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Thursday, September 18th. Super Group (SGHC)'s dividend payout ratio is currently 61.54%.

About Super Group (SGHC)

Super Group (SGHC) Limited operates as an online sports betting and gaming operator. It offers Betway, an online sports betting brand; and Spin, a multi-brand online casino offering. Super Group (SGHC) Limited is based in Saint Peter Port, Guernsey.

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