Greggs plc (LON:GRG) Insider Purchases £12,949.16 in Stock

Greggs plc (LON:GRG) insider Roisin Currie bought 721 shares of the firm’s stock in a transaction dated Tuesday, March 25th. The stock was purchased at an average price of GBX 1,796 ($23.25) per share, with a total value of £12,949.16 ($16,760.50).

Greggs Stock Performance

Shares of LON GRG opened at GBX 1,775 ($22.97) on Friday. 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 firm’s 50-day moving average price is GBX 2,006.71 and its two-hundred day moving average price is GBX 2,511.74. Greggs plc has a 52-week low of GBX 1,755 ($22.72) and a 52-week high of GBX 3,250 ($42.07). The stock has a market capitalization of £1.79 billion, a P/E ratio of 13.17, a P/E/G ratio of 3.39 and a beta of 1.43.

Greggs (LON:GRG) last announced its quarterly earnings results on Tuesday, March 4th. The company reported GBX 150.70 ($1.95) earnings per share for the quarter. Greggs had a return on equity of 26.79% and a net margin of 7.13%. As a group, sell-side analysts forecast that Greggs plc will post 142.3763386 earnings per share for the current year.

Greggs Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 20th were paid a dividend of GBX 100 ($1.29) per share. This represents a yield of 3.66%. This is a positive change from Greggs’s previous dividend of $50.00. The ex-dividend date of this dividend was Thursday, March 20th. Greggs’s payout ratio is presently 48.21%.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reduced their price objective on Greggs from GBX 3,420 ($44.27) to GBX 3,250 ($42.07) and set a “buy” rating on the stock in a research note on Wednesday, March 5th.

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.