KEG ROYALTIES: Share Price Falls Below 200-Day Moving Average

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This could be a sign that the stock is in a downtrend. Keg Royalties ($TSX:KEG.UN) is a company that owns and operates a portfolio of restaurants and bars in the United States. The company has been struggling lately, and this fall in share price could be a sign that investors are losing confidence.

Stock Price

The news sentiment around KEG ROYALTIES has been mostly positive, with analysts citing the company’s strong financials and good prospects for growth.

VI Analysis

The company is capable of sustaining future operations in times of crisis, due to its healthy cash flows and low debt. However, the company is weak in terms of asset growth and profitability. KEG ROYALTIES is classified as a ‘rhino’ a type of company that has achieved moderate revenue or earnings growth. Investors who are interested in this type of company may be looking for stability and dividend income.

VI Peers

The company was founded in 1971 and is headquartered in Vancouver, British Columbia. The Keg has over 160 restaurants across Canada and the United States. The company’s menu features a variety of steak, seafood, and chicken dishes. The Keg is a publicly traded company on the Toronto Stock Exchange (symbol: KEG.UN) and is a component of the S&P/TSX Composite Index. The Keg’s main competitors are Various Eateries PLC, Pizza Pizza Royalty Corp, Wingstop Inc.

– Various Eateries PLC ($LSE:VARE)

Eateries PLC is a food and beverage company. The company operates in the United Kingdom, Europe, the United States, and internationally. It operates through four segments: Restaurants, Pubs, Bars, and Clubs. The company offers a range of food and beverage products through its restaurants, pubs, bars, and clubs. It also operates a franchised business model.

– Pizza Pizza Royalty Corp ($TSX:PZA)

Pizza Pizza Royalty Corp is a Canadian company that owns and operates pizza restaurants. As of 2022, the company has a market cap of 417.98 million and a return on equity of 6.95%. Pizza Pizza was founded in 1967 and has since grown to become one of the largest pizza chains in Canada. The company operates in all 10 provinces and has over 750 locations.

– Wingstop Inc ($NASDAQ:WING)

Founded in 1994, Wingstop Inc. is a chain of aviation-themed restaurants specializing in chicken wings. Headquartered in Dallas, Texas, Wingstop has more than 1,300 locations in 11 countries. The company’s menu offers a variety of chicken wings, boneless chicken, tenders, and salads.

As of 2022, Wingstop Inc. had a market capitalization of 4.99 billion and a return on equity of -11.59%. The company’s negative return on equity indicates that it is not generating sufficient profits to cover the costs of its shareholders. Wingstop’s primary competitors include Buffalo Wild Wings, KFC, and Popeyes Louisiana Kitchen.

Summary

If you’re looking for a dividend stock to add to your portfolio, KEG Royalties could be worth considering. The company owns a portfolio of properties in the U.S. and Canada that it leases to oil and gas companies. With shares trading at around $1.60, KEG Royalties is not the cheapest stock on the market. However, its high dividend yield and strong dividend growth history make it worth considering for income-focused investors.