Whitbread (LON:WTB) Receives Buy Rating from Shore Capital

Shore Capital reissued their buy rating on shares of Whitbread (LON:WTB) in a research note issued to investors on Tuesday, MarketBeat reports.

Whitbread Stock Performance

Shares of LON:WTB opened at GBX 3,149.70 ($39.56) on Tuesday. The business has a fifty day moving average of GBX 3,240.89 and a 200-day moving average of GBX 3,369.47. The company has a debt-to-equity ratio of 125.83, a quick ratio of 1.74 and a current ratio of 1.42. Whitbread has a twelve month low of GBX 2,995 ($37.62) and a twelve month high of GBX 3,714 ($46.65). The firm has a market cap of £5.81 billion, a PE ratio of 1,873.96, a price-to-earnings-growth ratio of -3.09 and a beta of 1.08.

Whitbread Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, July 5th. Shareholders of record on Thursday, May 23rd will be given a GBX 62.90 ($0.79) dividend. This represents a yield of 2.06%. This is a positive change from Whitbread’s previous dividend of $34.10. The ex-dividend date is Thursday, May 23rd. Whitbread’s dividend payout ratio (DPR) is presently 4,970.41%.

Insider Transactions at Whitbread

In related news, insider Shelley Roberts bought 417 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was bought at an average cost of GBX 3,575 ($44.91) per share, for a total transaction of £14,907.75 ($18,725.98). 3.97% of the stock is owned by corporate insiders.

Whitbread Company Profile

Whitbread plc operates hotels and restaurants in the United Kingdom, Germany, and internationally. It operates hotels with rooms in the United Kingdom; Middle East; and Germany under the Premier Inn, ZIP by Premier Inn, and hub by Premier Inn brands. The company operates restaurants under the Brewers Fayre, Beefeater, Cookhouse & Pub, Bar+Block Steakhouse, Thyme, and Table Table brands in the United Kingdom.