Greggs plc (LON:GRG) Raises Dividend to GBX 100 Per Share

Greggs plc (LON:GRG - Get Free Report) declared a dividend on Tuesday, March 18th, Upcoming Dividends.Co.Uk reports. Stockholders of record on Thursday, March 20th will be given a dividend of GBX 100 ($1.29) per share on Thursday, March 27th. This represents a dividend yield of 3.66%. The ex-dividend date of this dividend is Thursday, March 20th. This is a 100.0% increase from Greggs's previous dividend of $50.00. The official announcement can be seen at this link.

Greggs Price Performance

Shares of GRG stock traded down GBX 29 ($0.37) during trading hours on Friday, reaching GBX 1,789 ($23.10). The stock had a trading volume of 508,417 shares, compared to its average volume of 1,987,847. The stock's fifty day simple moving average is GBX 2,044.50 and its 200 day simple moving average is GBX 2,559.65. The company has a current ratio of 0.80, a quick ratio of 0.88 and a debt-to-equity ratio of 66.19. Greggs has a 12 month low of GBX 1,755 ($22.66) and a 12 month high of GBX 3,250 ($41.96). The firm has a market capitalization of £1.80 billion, a PE ratio of 13.27, a PEG ratio of 3.39 and a beta of 1.43.

Greggs (LON:GRG - Get Free Report) last released 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, equities research analysts predict that Greggs will post 142.3763386 EPS for the current year.

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Insider Transactions at Greggs

In other Greggs news, insider Nigel Mills acquired 925 shares of the stock in a transaction dated Friday, January 10th. The stock was purchased at an average cost of GBX 2,149 ($27.75) per share, for a total transaction of £19,878.25 ($25,665.91). Company insiders own 5.89% of the company's stock.

Wall Street Analyst Weigh In

Separately, Berenberg Bank dropped their target price on shares of Greggs from GBX 3,420 ($44.16) to GBX 3,250 ($41.96) and set a "buy" rating for the company 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.