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

Greggs plc (LON:GRG) insider Roisin Currie purchased 721 shares of the company’s stock in a transaction on Tuesday, March 25th. The stock was acquired at an average price of GBX 1,796 ($23.25) per share, for a total transaction of £12,949.16 ($16,760.50).

Greggs Trading Down 1.3 %

Shares of LON GRG opened at GBX 1,775 ($22.97) on Friday. 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 plc has a 12 month low of GBX 1,755 ($22.72) and a 12 month high of GBX 3,250 ($42.07). The company has a market cap of £1.79 billion, a price-to-earnings ratio of 13.17, a P/E/G ratio of 3.39 and a beta of 1.43. The business has a fifty day simple moving average of GBX 2,006.71 and a 200-day simple moving average of GBX 2,511.74.

Greggs (LON:GRG) last posted 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%. Sell-side analysts predict that Greggs plc will post 142.3763386 EPS for the current year.

Greggs Increases Dividend

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

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank cut their target price on shares of Greggs from GBX 3,420 ($44.27) to GBX 3,250 ($42.07) and set a “buy” rating for the company in a research note 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.