Why Regal Entertainment Group (RGC) Stock Is Lower Today

NEW YORK (TheStreet) -- Shares of Regal Entertainment Group (RGC) are down by -1.32% to $20.93 on Monday as some movie theater stocks are declining following a weak Fourth of July box office weekend.

The holiday weekend brought in approximately $130 million, a 43.4% decrease from last year's $230 million, Variety reports.

New releases could not keep up with last year's successful July fourth $143 million launch of "Despicable Me 2."

Other stocks falling as a result include Cinemark Holdings Inc. ( CNK), down -2.66% to $34.74, Carmike Cinemas Inc.  ( CKEC), down -1.00% to $34.68, and AMC Entertainment Holdings Inc. ( AMC), lower by -0.24% to $24.57.

Separately, TheStreet Ratings team rates REGAL ENTERTAINMENT GROUP as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:

"We rate REGAL ENTERTAINMENT GROUP (RGC) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income."

If you liked this article you might like

Weekend Box Office Preview: This Could Be the Slowest Labor Day in 25 Years

Weekend Box Office: 'Annabelle' Scare Tactics Work, August Remains Sluggish

Netflix vs. Nolan -- Which One Represents the Future of Film?

Movie Theaters Are Turning to Booze to Solve Their Problems