Bakkavor Group (LON:BAKK) Trading 16.9% Higher - What's Next?

Bakkavor Group plc (LON:BAKK - Get Free Report)'s share price traded up 16.9% during mid-day trading on Saturday . The stock traded as high as GBX 189 ($2.45) and last traded at GBX 176.50 ($2.29). 1,004,449 shares changed hands during trading, an increase of 106% from the average session volume of 488,569 shares. The stock had previously closed at GBX 151 ($1.96).

Analyst Ratings Changes

Separately, Royal Bank of Canada reissued an "outperform" rating and issued a GBX 170 ($2.21) price target on shares of Bakkavor Group in a research note on Thursday, March 13th.

Bakkavor Group Stock Performance

The company has a 50 day simple moving average of GBX 143.45 and a 200-day simple moving average of GBX 146.85. The company has a debt-to-equity ratio of 53.92, a current ratio of 0.62 and a quick ratio of 0.43. The stock has a market cap of £935.13 million, a P/E ratio of 14.57, a price-to-earnings-growth ratio of 0.61 and a beta of 0.63.

Bakkavor Group (LON:BAKK - Get Free Report) last issued its quarterly earnings results on Tuesday, March 4th. The company reported GBX 9.60 ($0.12) EPS for the quarter. Bakkavor Group had a net margin of 2.86% and a return on equity of 10.43%. On average, equities analysts expect that Bakkavor Group plc will post 11.5761689 earnings per share for the current fiscal year.

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Bakkavor Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, May 28th. Investors of record on Thursday, April 24th will be given a GBX 4.80 ($0.06) dividend. This represents a yield of 3%. The ex-dividend date of this dividend is Thursday, April 24th. This is a boost from Bakkavor Group's previous dividend of $3.20. Bakkavor Group's dividend payout ratio (DPR) is presently 72.85%.

Bakkavor Group Company Profile

We are the leading provider of fresh prepared food in the UK, and our presence in the US and China positions the Group well in these high-growth markets. We leverage our consumer insight and scale to provide innovative food that offers quality, choice, convenience, and freshness. Around 18,000 colleagues operate from 43 sites across our three markets supplying a portfolio of over 3,000 products across meals, pizza & bread, salads and desserts to leading grocery retailers in the UK and US, and international food brands in China.