Super Group (SGHC) (NYSE:SGHC) Reaches New 52-Week High - What's Next?

Key Points

• Super Group (SGHC) has reached a new 52-week high of $13.49, closing at $13.08 with over 4.4 million shares traded on the day.
• Analysts have expressed bullish sentiment with multiple upgrades; Canaccord Genuity raised their price target to $17.00 and the consensus rating for the stock is a "Buy" with an average target price of $14.22.
• Super Group announced a quarterly dividend of $0.04 per share, with a dividend yield of 1.2%, and is scheduled for payment on September 26th.

Super Group (SGHC) Limited (NYSE:SGHC - Get Free Report)'s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $13.49 and last traded at $13.08, with a volume of 4475325 shares traded. The stock had previously closed at $12.69.

Analysts Set New Price Targets

SGHC has been the topic of a number of recent analyst reports. Canaccord Genuity Group lifted their price target on Super Group (SGHC) from $15.00 to $17.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Citigroup assumed coverage on Super Group (SGHC) in a research report on Monday, July 14th. They issued an "outperform" rating for the company. Macquarie assumed coverage on Super Group (SGHC) in a research report on Monday. They issued an "outperform" rating and a $17.00 target price for the company. Needham & Company LLC raised their target price on Super Group (SGHC) from $14.00 to $15.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Finally, BTIG Research reissued a "buy" rating and issued a $14.00 target price on shares of Super Group (SGHC) in a research report on Thursday. Two analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $15.20.

Super Group (SGHC) Price Performance

The company has a market cap of $5.90 billion, a P/E ratio of 45.12 and a beta of 1.09. The company has a 50 day moving average of $11.63 and a 200-day moving average of $9.47.

Super Group (SGHC) (NYSE:SGHC - Get Free Report) last posted its quarterly earnings data 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). The business had revenue of $579.00 million for the quarter, compared to the consensus estimate of $503.00 million. Super Group (SGHC) had a net margin of 6.42% and a return on equity of 36.68%. Research analysts anticipate that Super Group will post 0.29 EPS for the current year.

Super Group (SGHC) Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Thursday, September 18th will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, September 18th. This represents a $0.16 annualized dividend and a yield of 1.4%. Super Group (SGHC)'s dividend payout ratio (DPR) is currently 61.54%.

Institutional Investors Weigh In On Super Group (SGHC)

Several large investors have recently added to or reduced their stakes in SGHC. Northern Trust Corp boosted its stake in Super Group (SGHC) by 7.2% during the fourth quarter. Northern Trust Corp now owns 967,038 shares of the company's stock valued at $6,025,000 after buying an additional 65,168 shares during the period. Ameriprise Financial Inc. bought a new stake in Super Group (SGHC) during the fourth quarter worth about $122,000. BNP Paribas Financial Markets bought a new stake in Super Group (SGHC) during the fourth quarter worth about $369,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Super Group (SGHC) by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 85,279 shares of the company's stock worth $531,000 after purchasing an additional 2,997 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in Super Group (SGHC) by 66.1% during the fourth quarter. Millennium Management LLC now owns 1,204,663 shares of the company's stock worth $7,505,000 after purchasing an additional 479,440 shares during the last quarter. Institutional investors own 5.09% of the company's stock.

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.