Roisin Currie Buys 721 Shares of Greggs plc (LON:GRG) Stock

Greggs plc (LON:GRG - Get Free Report) insider Roisin Currie bought 721 shares of the firm's stock in a transaction on Tuesday, March 25th. The shares were bought at an average cost of GBX 1,796 ($23.25) per share, with a total value of £12,949.16 ($16,760.50).

Greggs Trading Down 1.3 %

Shares of LON GRG traded down GBX 23 ($0.30) during mid-day trading on Friday, hitting GBX 1,775 ($22.97). The company's stock had a trading volume of 128,667 shares, compared to its average volume of 1,857,392. The company's fifty day simple moving average is GBX 2,006.71 and its 200-day simple moving average is GBX 2,511.74. The stock has a market cap of £1.79 billion, a price-to-earnings ratio of 13.17, a price-to-earnings-growth ratio of 3.39 and a beta of 1.43. Greggs plc has a one year low of GBX 1,755 ($22.72) and a one year high of GBX 3,250 ($42.07). The company has a debt-to-equity ratio of 66.19, a current ratio of 0.80 and a quick ratio of 0.88.

Greggs (LON:GRG - Get Free Report) last issued its quarterly earnings data on Tuesday, March 4th. The company reported GBX 150.70 ($1.95) EPS for the quarter. Greggs had a net margin of 7.13% and a return on equity of 26.79%. On average, sell-side analysts anticipate that Greggs plc will post 142.3763386 earnings per share for the current fiscal year.

Greggs Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 20th were given a GBX 100 ($1.29) dividend. This represents a dividend yield of 3.66%. The ex-dividend date of this dividend was Thursday, March 20th. This is an increase from Greggs's previous dividend of $50.00. Greggs's dividend payout ratio (DPR) is 48.21%.

Wall Street Analyst Weigh In

Separately, Berenberg Bank dropped their price target on Greggs from GBX 3,420 ($44.27) to GBX 3,250 ($42.07) and set a "buy" rating on the stock in a research report on Wednesday, March 5th.

Greggs Company Profile

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.