Insider Buying: Greggs plc (LON:GRG) Insider Acquires 721 Shares of Stock

Greggs plc (LON:GRG) insider Roisin Currie purchased 721 shares of Greggs stock in a transaction on Tuesday, March 25th. The stock was bought at an average cost of GBX 1,796 ($23.12) per share, with a total value of £12,949.16 ($16,672.02).

Greggs Price Performance

LON GRG opened at GBX 1,797 ($23.14) on Thursday. Greggs plc has a 1 year low of GBX 1,755 ($22.60) and a 1 year high of GBX 3,250 ($41.84). The company has a fifty day simple moving average of GBX 2,024.33 and a 200 day simple moving average of GBX 2,530.65. The company has a current ratio of 0.80, a quick ratio of 0.88 and a debt-to-equity ratio of 66.19. The company has a market cap of £1.81 billion, a P/E ratio of 13.33, a P/E/G ratio of 3.39 and a beta of 1.43.

Greggs (LON:GRG) last released its quarterly earnings results on Tuesday, March 4th. The company reported GBX 150.70 ($1.94) 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 predict that Greggs plc will post 142.3763386 EPS for the current year.

Greggs Increases Dividend

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

Analysts Set New Price Targets

Separately, Berenberg Bank cut their price objective on Greggs from GBX 3,420 ($44.03) to GBX 3,250 ($41.84) and set a “buy” rating on the stock in a research note 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.