Greggs plc (GRG) To Go Ex-Dividend on March 20th

Greggs plc (LON:GRG) announced a dividend on Tuesday, March 18th, Upcoming Dividends.Co.Uk reports. Stockholders of record on Thursday, March 20th will be paid 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 seen at this link.

Greggs Stock Down 0.6 %

Shares of GRG traded down GBX 12 ($0.16) during mid-day trading on Tuesday, hitting GBX 1,850 ($24.05). 13,959,284 shares of the company’s stock were exchanged, compared to its average volume of 2,319,966. The company has a market cap of £1.87 billion, a price-to-earnings ratio of 13.72, a P/E/G ratio of 3.39 and a beta of 1.43. 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 debt-to-equity ratio of 66.19, a quick ratio of 0.88 and a current ratio of 0.80. The stock’s 50-day moving average is GBX 2,094.22 and its 200-day moving average is GBX 2,597.47.

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

Insider Buying and Selling at Greggs

In other news, insider Nigel Mills purchased 925 shares of the business’s stock in a transaction dated Friday, January 10th. The stock was acquired at an average price of GBX 2,149 ($27.94) per share, with a total value of £19,878.25 ($25,842.76). 5.89% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, Berenberg Bank decreased 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.

About Greggs

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.