Greggs plc (LON:GRG) to Issue Dividend of GBX 50

Greggs plc (LON:GRG) announced a dividend on Tuesday, March 4th, DividendData.Co.Uk reports. Shareholders of record on Thursday, May 1st will be given a dividend of GBX 50 ($0.67) per share on Friday, May 30th. This represents a yield of 2.7%. The ex-dividend date of this dividend is Thursday, May 1st. This is a 163.2% increase from Greggs’s previous dividend of $19.00. The official announcement can be seen at this link.

Greggs Stock Up 1.7 %

Greggs stock opened at GBX 1,867 ($25.08) on Tuesday. The firm has a market capitalization of £1.88 billion, a P/E ratio of 13.85, a P/E/G ratio of 3.39 and a beta of 1.43. The stock’s fifty day simple moving average is GBX 1,852.54 and its 200-day simple moving average is GBX 2,310.61. Greggs has a twelve month low of GBX 1,657 ($22.26) and a twelve month high of GBX 3,250 ($43.67). 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 (LON:GRG) last issued its earnings results on Tuesday, March 4th. The company reported GBX 150.70 ($2.02) earnings per share for the quarter. Greggs had a net margin of 7.13% and a return on equity of 26.79%. As a group, equities analysts expect that Greggs will post 142.3763386 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Roisin Currie purchased 721 shares of the business’s stock in a transaction that occurred on Tuesday, March 25th. The shares were purchased at an average cost of GBX 1,796 ($24.13) per share, for a total transaction of £12,949.16 ($17,397.77). 5.89% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Berenberg Bank decreased their price objective on shares of Greggs from GBX 3,420 ($45.95) to GBX 3,250 ($43.67) and set a “buy” rating for the company in a research 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.