Greggs (LON:GRG) Insider Sells 3,069 Shares

Greggs plc (LON:GRG) insider Richard Hutton sold 3,069 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of GBX 1,926, for a total value of £59,108.94.

Greggs Stock Performance

Shares of LON GRG traded down GBX 13.37 during mid-day trading on Monday, hitting GBX 1,904.63. 298,696 shares of the company were exchanged, compared to its average volume of 4,129,003. The company has a quick ratio of 0.88, a current ratio of 0.52 and a debt-to-equity ratio of 74.16. The stock has a 50 day simple moving average of GBX 1,670.73 and a 200-day simple moving average of GBX 1,634.51. Greggs plc has a 1-year low of GBX 1,407.20 and a 1-year high of GBX 2,046. The firm has a market cap of £1.94 billion, a price-to-earnings ratio of 14.78, a price-to-earnings-growth ratio of 3.39 and a beta of 1.15.

Greggs (LON:GRG) last announced its quarterly earnings data on Wednesday, July 29th. The company reported GBX 55.10 earnings per share (EPS) for the quarter. Greggs had a net margin of 5.93% and a return on equity of 20.97%. On average, sell-side analysts forecast that Greggs plc will post 142.3763386 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. JPMorgan Chase & Co. raised their price target on Greggs from GBX 2,050 to GBX 2,210 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. Royal Bank Of Canada upped their price target on shares of Greggs from GBX 1,830 to GBX 1,960 and gave the company a “sector perform” rating in a report on Friday, July 31st. Jefferies Financial Group reissued a “hold” rating and issued a GBX 1,610 price objective on shares of Greggs in a report on Wednesday, July 29th. Shore Capital Group reiterated a “hold” rating on shares of Greggs in a research note on Tuesday, May 12th. Finally, Deutsche Bank Aktiengesellschaft reissued a “sell” rating and issued a GBX 1,330 price objective on shares of Greggs in a report on Thursday, July 30th. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of GBX 1,881.43.

Greggs Company Profile

Greggs is a leading UK food-on-the-go retailer with more than 2,700 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. Greggs also offers a healthier options range which includes a selection of gluten-free, vegan-friendly and lower calorie products.