Greggs (LON:GRG) Posts Earnings Results

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

Greggs Stock Down 2.6 %

Shares of GRG traded down GBX 48 ($0.62) during mid-day trading on Thursday, hitting GBX 1,769 ($22.80). 31,982,238 shares of the company’s stock were exchanged, compared to its average volume of 1,872,300. The stock’s 50-day moving average is GBX 2,242.34 and its 200-day moving average is GBX 2,670.65. The company has a debt-to-equity ratio of 66.19, a quick ratio of 0.88 and a current ratio of 0.80. Greggs has a fifty-two week low of GBX 1,755 ($22.62) and a fifty-two week high of GBX 3,250 ($41.89). The company has a market cap of £1.78 billion, a price-to-earnings ratio of 13.12, a P/E/G ratio of 3.39 and a beta of 1.43.

Insider Activity at Greggs

In other news, insider Nigel Mills bought 925 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The shares were purchased at an average cost of GBX 2,149 ($27.70) per share, for a total transaction of £19,878.25 ($25,622.91). Company insiders own 5.89% of the company’s stock.

Analyst Ratings Changes

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

Greggs Company Profile

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.