Whitbread (LON:WTB) Hits New 1-Year Low Following Insider Selling

Whitbread plc (LON:WTBGet Free Report) shares reached a new 52-week low during mid-day trading on Wednesday after an insider sold shares in the company. The company traded as low as GBX 2,900 ($37.04) and last traded at GBX 2,909 ($37.15), with a volume of 684729 shares traded. The stock had previously closed at GBX 2,925 ($37.36).

Specifically, insider Hemant Patel sold 5,476 shares of Whitbread stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of GBX 2,958 ($37.78), for a total value of £161,980.08 ($206,871.11). In other Whitbread news, insider Dame Karen Jones purchased 900 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were purchased at an average cost of GBX 3,004 ($38.37) per share, with a total value of £27,036 ($34,528.74). Also, insider Hemant Patel sold 5,476 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of GBX 2,958 ($37.78), for a total value of £161,980.08 ($206,871.11). Corporate insiders own 3.99% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Shore Capital restated a “buy” rating on shares of Whitbread in a report on Thursday, May 16th. Berenberg Bank decreased their target price on shares of Whitbread from GBX 4,200 ($53.64) to GBX 4,000 ($51.09) and set a “buy” rating for the company in a research note on Wednesday. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Whitbread has an average rating of “Buy” and an average target price of GBX 4,283.33 ($54.70).

View Our Latest Analysis on WTB

Whitbread Trading Up 1.9 %

The company has a 50 day moving average of GBX 3,125.71 and a 200 day moving average of GBX 3,329.51. The firm has a market cap of £5.40 billion, a P/E ratio of 1,818.13, a PEG ratio of -3.09 and a beta of 1.08. The company has a debt-to-equity ratio of 144.72, a quick ratio of 1.74 and a current ratio of 1.02.

Whitbread Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, July 5th. Shareholders of record on Thursday, May 23rd will be given a GBX 62.90 ($0.80) dividend. This represents a yield of 2.06%. This is an increase from Whitbread’s previous dividend of $34.10. The ex-dividend date of this dividend is Thursday, May 23rd. Whitbread’s payout ratio is currently 6,062.50%.

About Whitbread

(Get Free Report)

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.

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