Greggs (LON:GRG) Announces Quarterly Earnings Results

Greggs (LON:GRG - Get Free Report) issued its earnings results on Tuesday. The company reported GBX 150.70 ($1.94) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Greggs had a net margin of 7.13% and a return on equity of 26.79%.

Greggs Price Performance

LON:GRG traded up GBX 105 ($1.35) during mid-day trading on Friday, hitting GBX 1,867 ($24.06). 53,962,434 shares of the stock traded hands, compared to its average volume of 2,319,173. The business's 50-day moving average price is GBX 2,222.34 and its 200 day moving average price is GBX 2,660.85. The company has a quick ratio of 0.88, a current ratio of 0.80 and a debt-to-equity ratio of 66.19. The company has a market cap of £1.88 billion, a PE ratio of 13.85, a price-to-earnings-growth ratio of 3.39 and a beta of 1.43. Greggs has a 12-month low of GBX 1,755 ($22.62) and a 12-month high of GBX 3,250 ($41.88).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reduced their price target on Greggs from GBX 3,420 ($44.07) to GBX 3,250 ($41.88) and set a "buy" rating for the company in a research report on Wednesday.

Insiders Place Their Bets

In other Greggs news, insider Nigel Mills bought 925 shares of the firm's stock in a transaction on Friday, January 10th. The shares were acquired at an average cost of GBX 2,149 ($27.69) per share, for a total transaction of £19,878.25 ($25,616.30). Corporate insiders own 5.89% of the company's stock.

Greggs Company Profile

Greggs is a leading UK food-on-the-go retailer with more than 2,400 shops nationwide and approximately 32,000 employees across the business. As a food-on-the-go retailer, Greggs specialises in daily fresh shop-made sandwiches, and savouries baked fresh in the shop ovens throughout the day. These are further complemented by popular products and ranges including freshly ground coffee, breakfast, confectionery and evening menu items.