Greggs plc (LON:GRG) Plans Dividend of GBX 100

Greggs plc (LON:GRG) 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 ($1.30) per share on Thursday, March 27th. This represents a dividend yield of 3.66%. The ex-dividend date is Thursday, March 20th. This is a 100.0% increase from Greggs’s previous dividend of $50.00. The official announcement can be accessed at this link.

Greggs Price Performance

Greggs stock traded down GBX 12 ($0.16) during mid-day trading on Tuesday, reaching GBX 1,850 ($24.05). 13,959,284 shares of the company’s stock traded hands, compared to its average volume of 2,319,966. The company has a quick ratio of 0.88, a current ratio of 0.80 and a debt-to-equity ratio of 66.19. Greggs has a 12-month low of GBX 1,755 ($22.82) and a 12-month high of GBX 3,250 ($42.25). The company has a market cap of £1.87 billion, a price-to-earnings ratio of 13.72, a PEG ratio of 3.39 and a beta of 1.43. The stock has a 50 day moving average of GBX 2,094.22 and a two-hundred day moving average of GBX 2,597.47.

Greggs (LON:GRG) last issued its earnings results on Tuesday, March 4th. The company reported GBX 150.70 ($1.96) earnings per share (EPS) for the quarter. Greggs had a net margin of 7.13% and a return on equity of 26.79%. Equities analysts forecast that Greggs will post 142.3763386 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Berenberg Bank decreased their price objective on Greggs from GBX 3,420 ($44.46) to GBX 3,250 ($42.25) and set a “buy” rating on the stock in a report on Wednesday, March 5th.

Insider Activity at Greggs

In other Greggs news, insider Nigel Mills purchased 925 shares of Greggs stock in a transaction dated Friday, January 10th. The shares were bought at an average cost of GBX 2,149 ($27.94) per share, for a total transaction of £19,878.25 ($25,842.76). Corporate insiders own 5.89% of the company’s stock.

About Greggs

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.