Greggs plc (LON:GRG - Get Free Report) hit a new 52-week low on Monday . The stock traded as low as GBX 1,746 ($22.52) and last traded at GBX 1,751 ($22.59), with a volume of 80431 shares changing hands. The stock had previously closed at GBX 1,781.59 ($22.98).
Wall Street Analyst Weigh In
Separately, Berenberg Bank reduced their target price on Greggs from GBX 3,420 ($44.12) to GBX 3,250 ($41.92) and set a "buy" rating on the stock in a report on Wednesday, March 5th.
Check Out Our Latest Research Report on GRG
Greggs Stock Down 1.3 %
The company has a current ratio of 0.80, a quick ratio of 0.88 and a debt-to-equity ratio of 66.19. The company has a market capitalization of £1.78 billion, a price-to-earnings ratio of 13.08, a PEG ratio of 3.39 and a beta of 1.43. The firm's 50-day moving average price is GBX 1,971.40 and its 200 day moving average price is GBX 2,463.02.
Greggs (LON:GRG - Get Free Report) last released its earnings results on Tuesday, March 4th. The company reported GBX 150.70 ($1.94) earnings per share for the quarter. Greggs had a return on equity of 26.79% and a net margin of 7.13%. On average, sell-side analysts forecast that Greggs plc will post 142.3763386 EPS for the current fiscal year.
Greggs Increases Dividend
The firm also recently disclosed a dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 20th were given a dividend of GBX 100 ($1.29) per share. This is an increase from Greggs's previous dividend of $50.00. This represents a dividend yield of 3.66%. The ex-dividend date was Thursday, March 20th. Greggs's dividend payout ratio is currently 48.21%.
Insider Buying and Selling at Greggs
In related news, insider Roisin Currie purchased 721 shares of the stock in a transaction dated Tuesday, March 25th. The stock was bought at an average cost of GBX 1,796 ($23.17) per share, for a total transaction of £12,949.16 ($16,704.28). Also, insider Nigel Mills acquired 925 shares of the business's stock in a transaction that occurred on Friday, January 10th. The shares were purchased at an average cost of GBX 2,149 ($27.72) per share, for a total transaction of £19,878.25 ($25,642.74). Company insiders own 5.89% of the company's stock.
About Greggs
(
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Greggs is a leading UK food-on-the-go retailer with more than 2,600 shops nationwide and approximately 33,000 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.
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