Greggs plc (LON:GRG) Insider Purchases £12,949.16 in Stock

Greggs plc (LON:GRG) insider Roisin Currie bought 721 shares of the company’s stock in a transaction on Tuesday, March 25th. The stock was purchased at an average price of GBX 1,796 ($23.25) per share, with a total value of £12,949.16 ($16,764.84).

Greggs Trading Up 0.3 %

Shares of Greggs stock traded up GBX 6 ($0.08) during trading on Wednesday, hitting GBX 1,794 ($23.23). The company’s stock had a trading volume of 154,895 shares, compared to its average volume of 1,911,815. The stock has a market cap of £1.81 billion, a price-to-earnings ratio of 13.31, a price-to-earnings-growth ratio of 3.39 and a beta of 1.43. Greggs plc has a 52 week low of GBX 1,755 ($22.72) and a 52 week high of GBX 3,250 ($42.08). The stock has a 50-day moving average price of GBX 2,032.03 and a two-hundred day moving average price of GBX 2,540.31. 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) last released its quarterly earnings results on Tuesday, March 4th. The company reported GBX 150.70 ($1.95) EPS for the quarter. Greggs had a return on equity of 26.79% and a net margin of 7.13%. Equities research analysts anticipate that Greggs plc will post 142.3763386 EPS for the current fiscal year.

Greggs Increases Dividend

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

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank dropped their price objective on shares of Greggs from GBX 3,420 ($44.28) to GBX 3,250 ($42.08) and set a “buy” rating for the company in a report on Wednesday, March 5th.

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.