Mitchells & Butlers (LON:MAB) Reaches New 1-Year Low – Here’s What Happened

Mitchells & Butlers plc (LON:MAB) shares hit a new 52-week low during trading on Friday . The company traded as low as GBX 219 ($2.76) and last traded at GBX 220.50 ($2.78), with a volume of 25266 shares changing hands. The stock had previously closed at GBX 222 ($2.80).

Analyst Upgrades and Downgrades

Separately, Shore Capital restated a “buy” rating on shares of Mitchells & Butlers in a research report on Thursday, December 19th.

Mitchells & Butlers Trading Down 0.5 %

The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 63.56. The firm has a market capitalization of £1.31 billion, a price-to-earnings ratio of 29.27, a P/E/G ratio of 2.76 and a beta of 1.71. The firm’s 50-day moving average is GBX 234.68 and its 200 day moving average is GBX 258.99.

Mitchells & Butlers (LON:MAB) last issued its quarterly earnings results on Wednesday, November 27th. The company reported GBX 26.40 ($0.33) EPS for the quarter. Mitchells & Butlers had a net margin of 1.72% and a return on equity of 1.89%. On average, equities analysts predict that Mitchells & Butlers plc will post 26.6341463 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Phil Urban sold 106,910 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of GBX 246 ($3.10), for a total value of £262,998.60 ($331,482.98). Also, insider Timothy (Tim) Charles Jones sold 13,429 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of GBX 241 ($3.04), for a total value of £32,363.89 ($40,791.39). In the last three months, insiders have sold 148,948 shares of company stock valued at $36,688,499. 57.51% of the stock is currently owned by company insiders.

Mitchells & Butlers Company Profile

Mitchells & Butlers is a leading operator of managed restaurants and pubs in the UK. It listed on the London Stock Exchange in April 2003 and is a member of the FTSE 250. Its restaurants and pubs have some of the highest average sales and profits per site in the industry and it operates the best portfolio of brands in the UK.