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

Greggs plc (LON:GRG) insider Roisin Currie bought 721 shares of the stock in a transaction on Tuesday, March 25th. The shares were acquired at an average cost of GBX 1,796 ($23.12) per share, for a total transaction of £12,949.16 ($16,672.02).

Greggs Trading Up 0.5 %

LON GRG opened at GBX 1,797 ($23.14) on Thursday. 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 plc has a 1-year low of GBX 1,755 ($22.60) and a 1-year high of GBX 3,250 ($41.84). The firm’s fifty day simple moving average is GBX 2,024.33 and its 200-day simple moving average is GBX 2,530.65. The company has a market capitalization of £1.81 billion, a PE ratio of 13.33, a price-to-earnings-growth ratio of 3.39 and a beta of 1.43.

Greggs (LON:GRG) last issued 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%. As a group, sell-side analysts anticipate that Greggs plc will post 142.3763386 earnings per share for the current fiscal year.

Greggs Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 20th will be given a dividend of GBX 100 ($1.29) per share. This represents a yield of 3.66%. The ex-dividend date of this dividend is Thursday, March 20th. This is a positive change from Greggs’s previous dividend of $50.00. Greggs’s dividend payout ratio (DPR) is presently 48.21%.

Wall Street Analyst Weigh In

Separately, Berenberg Bank decreased their price target on shares of Greggs from GBX 3,420 ($44.03) to GBX 3,250 ($41.84) and set a “buy” rating for the company in a 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.