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

Mitchells & Butlers plc (LON:MAB)’s share price hit a new 52-week low during trading on Wednesday . The company traded as low as GBX 220 ($2.74) and last traded at GBX 222.49 ($2.77), with a volume of 28623 shares changing hands. The stock had previously closed at GBX 222.50 ($2.77).

Analyst Upgrades and Downgrades

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

Mitchells & Butlers Price Performance

The company has a quick ratio of 0.46, a current ratio of 0.47 and a debt-to-equity ratio of 78.60. The company’s fifty day moving average is GBX 239.28 and its 200 day moving average is GBX 266.89. The firm has a market cap of £1.38 billion, a price-to-earnings ratio of 3,328.50, a PEG ratio of 2.76 and a beta of 1.71.

Mitchells & Butlers (LON:MAB) last announced its quarterly earnings data on Wednesday, November 27th. The company reported GBX 26.40 ($0.33) earnings per share for the quarter. Mitchells & Butlers had a return on equity of 2.05% and a net margin of 1.72%. On average, equities research analysts predict that Mitchells & Butlers plc will post 26.6341463 EPS for the current year.

Insider Buying and Selling

In related news, insider Phil Urban sold 28,609 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of GBX 250 ($3.11), for a total value of £71,522.50 ($88,947.27). Also, insider Timothy (Tim) Charles Jones sold 13,429 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of GBX 241 ($3.00), for a total transaction of £32,363.89 ($40,248.59). In the last three months, insiders have acquired 1,477 shares of company stock valued at $362,274 and have sold 148,948 shares valued at $36,688,499. 57.51% of the stock is owned by insiders.

About Mitchells & Butlers

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.