Greggs (LON:GRG) Stock Price Down 13.5% – Here’s Why

Greggs plc (LON:GRG) dropped 13.5% during mid-day trading on Tuesday . The company traded as low as GBX 1,779 ($22.93) and last traded at GBX 1,800.83 ($23.21). Approximately 2,251,119 shares changed hands during trading, an increase of 86% from the average daily volume of 1,211,495 shares. The stock had previously closed at GBX 2,082 ($26.84).

Greggs Price Performance

The company has a debt-to-equity ratio of 66.19, a current ratio of 0.80 and a quick ratio of 0.88. The business’s 50 day moving average price is GBX 2,242.34 and its 200 day moving average price is GBX 2,670.65. The stock has a market capitalization of £1.79 billion, a P/E ratio of 13.15, a price-to-earnings-growth ratio of 3.39 and a beta of 1.43.

Greggs (LON:GRG) last posted its earnings results on Tuesday, March 4th. The company reported GBX 150.70 ($1.94) EPS for the quarter. Greggs had a net margin of 7.13% and a return on equity of 26.79%. Sell-side analysts forecast that Greggs plc will post 142.3763386 EPS for the current year.

Insider Transactions at Greggs

In other Greggs news, insider Nigel Mills acquired 925 shares of the stock in a transaction dated Friday, January 10th. The shares were purchased at an average price of GBX 2,149 ($27.70) per share, for a total transaction of £19,878.25 ($25,622.91). Company insiders own 5.89% of the company’s stock.

About Greggs

Greggs is a leading UK food-on-the-go retailer with more than 2,400 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.