Mitchells & Butlers (LON:MAB) Shares Pass Above Two Hundred Day Moving Average - What's Next?

Key Points

• Mitchells & Butlers shares rose above their 200-day moving average, trading as high as GBX 284.50 and last changing hands at GBX 282, compared with a 200-day average of GBX 263.23.
• Analysts remain broadly positive, with four Buy ratings and one Hold rating producing a consensus “Moderate Buy” recommendation; the average price target is GBX 558.75, while Jefferies set a GBX 355 target.
• The company reported quarterly earnings of GBX 17.40 per share and revenue of GBX 149 billion. Insider buying has also continued, with insiders purchasing more than 30,000 shares over the past 90 days and owning 32.10% of the company.

Mitchells & Butlers plc (LON:MAB - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 263.23 and traded as high as GBX 284.50. Mitchells & Butlers shares last traded at GBX 282, with a volume of 279,127 shares changing hands.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reissued a "buy" rating and set a GBX 355 price objective on shares of Mitchells & Butlers in a report on Thursday, May 21st. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of GBX 558.75.

Mitchells & Butlers Price Performance

The stock has a market capitalization of £1.68 billion, a P/E ratio of 9.22, a price-to-earnings-growth ratio of 2.76 and a beta of 1.28. The company has a debt-to-equity ratio of 47.97, a quick ratio of 0.46 and a current ratio of 0.48. The stock has a 50-day simple moving average of GBX 258.77 and a 200 day simple moving average of GBX 263.23.

Mitchells & Butlers (LON:MAB - Get Free Report) last released its earnings results on Thursday, May 21st. The company reported GBX 17.40 earnings per share for the quarter. The company had revenue of GBX 149 billion during the quarter. Mitchells & Butlers had a return on equity of 6.41% and a net margin of 6.70%. On average, equities analysts forecast that Mitchells & Butlers plc will post 26.6341463 earnings per share for the current fiscal year.

Insider Buying and Selling at Mitchells & Butlers

In other Mitchells & Butlers news, insider Amanda Brown acquired 30,000 shares of the business's stock in a transaction that occurred on Tuesday, May 26th. The shares were acquired at an average cost of GBX 236 per share, for a total transaction of £70,800. Insiders have purchased 30,227 shares of company stock worth $7,135,169 over the last ninety days. Insiders own 32.10% of the company's stock.

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.

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