Greggs (LON:GRG) Issues Quarterly Earnings Results

Greggs (LON:GRG) announced its quarterly earnings data on Tuesday. The company reported GBX 150.70 ($1.94) EPS for the quarter, Digital Look Earnings reports. Greggs had a net margin of 7.13% and a return on equity of 26.79%.

Greggs Price Performance

Shares of LON:GRG traded down GBX 43.14 ($0.56) on Thursday, reaching GBX 1,773.87 ($22.86). 895,003 shares of the company were exchanged, compared to its average volume of 1,196,490. The company has a current ratio of 0.80, a quick ratio of 0.88 and a debt-to-equity ratio of 66.19. Greggs has a 1-year low of GBX 1,755 ($22.62) and a 1-year high of GBX 3,250 ($41.89). The company has a 50-day moving average of GBX 2,242.34 and a 200-day moving average of GBX 2,670.65. The firm has a market cap of £1.79 billion, a price-to-earnings ratio of 13.16, a price-to-earnings-growth ratio of 3.39 and a beta of 1.43.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank cut their target price on Greggs from GBX 3,420 ($44.08) to GBX 3,250 ($41.89) and set a “buy” rating for the company in a research note on Wednesday.

Insider Buying and Selling

In other news, insider Nigel Mills bought 925 shares of the stock in a transaction on Friday, January 10th. The shares were bought at an average price of GBX 2,149 ($27.70) per share, with a total value of £19,878.25 ($25,622.91). 5.89% of the stock is owned by insiders.

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.