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 of this dividend 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 Stock Performance

LON GRG traded down GBX 12 ($0.16) during trading hours on Tuesday, hitting GBX 1,850 ($24.05). The company had a trading volume of 13,959,284 shares, compared to its average volume of 2,319,966. Greggs has a fifty-two week low of GBX 1,755 ($22.82) and a fifty-two week high of GBX 3,250 ($42.25). The company has a quick ratio of 0.88, a current ratio of 0.80 and a debt-to-equity ratio of 66.19. The business has a fifty day simple moving average of GBX 2,094.22 and a 200-day simple moving average of GBX 2,597.47. The firm has a market cap of £1.87 billion, a P/E ratio of 13.72, a price-to-earnings-growth ratio of 3.39 and a beta of 1.43.

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

Analyst Ratings Changes

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

Insider Activity

In other Greggs news, insider Nigel Mills bought 925 shares of the firm’s stock in a transaction dated Friday, January 10th. The shares were bought at an average price of GBX 2,149 ($27.94) per share, for a total transaction of £19,878.25 ($25,842.76). 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 2,600 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.