Whitbread (LON:WTB) Given “Buy” Rating at Shore Capital

Shore Capital reiterated their buy rating on shares of Whitbread (LON:WTB) in a research report report published on Tuesday, Marketbeat reports.

Whitbread Stock Up 0.2 %

WTB stock opened at GBX 3,007 ($37.77) on Tuesday. The company has a debt-to-equity ratio of 144.72, a current ratio of 1.02 and a quick ratio of 1.74. The firm has a market capitalization of £5.54 billion, a P/E ratio of 1,879.38, a P/E/G ratio of -3.09 and a beta of 1.08. Whitbread has a 52-week low of GBX 2,983.63 ($37.48) and a 52-week high of GBX 3,714 ($46.65). The company’s 50 day simple moving average is GBX 3,210.51 and its 200-day simple moving average is GBX 3,363.04.

Whitbread Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, July 5th. Stockholders of record on Thursday, May 23rd will be paid a GBX 62.90 ($0.79) dividend. This represents a dividend yield of 2.06%. This is a boost from Whitbread’s previous dividend of $34.10. The ex-dividend date of this dividend is Thursday, May 23rd. Whitbread’s payout ratio is presently 6,062.50%.

Insider Activity

In other Whitbread news, insider Dame Karen Jones purchased 900 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were purchased at an average price of GBX 3,004 ($37.73) per share, for a total transaction of £27,036 ($33,960.56). 3.97% of the stock is owned by company 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.