Greggs (LON:GRG) Releases Quarterly Earnings Results

Greggs (LON:GRG) released its quarterly earnings data on Tuesday. The company reported GBX 150.70 ($1.94) earnings per share for the quarter, Digital Look Earnings reports. Greggs had a net margin of 7.13% and a return on equity of 26.79%.

Greggs Stock Down 2.4 %

Shares of LON GRG traded down GBX 44 ($0.57) during trading on Thursday, hitting GBX 1,773 ($22.85). 1,138,782 shares of the company traded hands, compared to its average volume of 1,201,790. The firm has a market capitalization of £1.79 billion, a price-to-earnings ratio of 13.15, a P/E/G ratio of 3.39 and a beta of 1.43. The business’s fifty day moving average is GBX 2,242.34 and its 200 day moving average is GBX 2,670.65. The company has a debt-to-equity ratio of 66.19, a quick ratio of 0.88 and a current ratio of 0.80. Greggs has a fifty-two week low of GBX 1,755 ($22.62) and a fifty-two week high of GBX 3,250 ($41.89).

Insider Activity

In other news, insider Nigel Mills bought 925 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The shares were bought at an average cost of GBX 2,149 ($27.70) per share, for a total transaction of £19,878.25 ($25,622.91). 5.89% of the stock is currently owned by company insiders.

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.