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Inv Reporter says buy Recipe Unlimited

2019-04-19 21:06 ET - In the News

The Investment Reporter, in its April 12, 2019, issue, says buy Recipe Unlimited Corp., recently $26.00. This is the first time the Reporter has said to buy Recipe Unlimited. Recipe Unlimited is a Canadian company that operates several restaurant chains, as well as major food distribution for correctional facilities, educational facilities and other large operations. The company's headquarters is in Vaughan, Ont. Some of the well-known restaurants that Recipe operates and franchises include Harvey's, Swiss Chalet, The Keg, Milestones and Montana. On New Year's Eve, Recipe had 1,382 restaurants. Franchisees and joint venture partners operated 85 per cent of these locations. In 2019, Recipe is expected to earn $1.82 a share. Based on this estimate, the company's shares are trading at a reasonable price-to-earnings (P/E) ratio of 14.3 times. Recipe Unlimited pays a 45-cent annual dividend, which is equal to a yield of 1.7 per cent. The Reporter says buy Recipe Unlimited for long-term share price gains and modest, but growing, dividends.

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