Insider Selling: Greggs plc (LON:GRG) Insider Sells 18,005 Shares of Stock

Greggs plc (LON:GRG) insider Richard Hutton sold 18,005 shares of the stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of GBX 2,758 ($34.33), for a total value of £496,577.90 ($618,172.41).

Greggs Stock Down 0.2 %

Greggs stock opened at GBX 2,732 ($34.01) on Thursday. Greggs plc has a twelve month low of GBX 2,244 ($27.93) and a twelve month high of GBX 2,914 ($36.28). The company has a debt-to-equity ratio of 60.20, a quick ratio of 0.88 and a current ratio of 1.09. The firm has a market cap of £2.77 billion, a PE ratio of 1,965.47, a P/E/G ratio of 3.39 and a beta of 1.28. The firm’s 50 day moving average price is GBX 2,789.89 and its two-hundred day moving average price is GBX 2,611.95.

Greggs Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, May 24th. Stockholders of record on Thursday, April 25th will be paid a GBX 86 ($1.07) dividend. The ex-dividend date is Thursday, April 25th. This is an increase from Greggs’s previous dividend of $16.00. This represents a dividend yield of 3.17%. Greggs’s dividend payout ratio is 4,460.43%.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reissued a “buy” rating and set a GBX 3,450 ($42.95) price target on shares of Greggs in a research report on Wednesday, March 20th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of GBX 3,075 ($38.28).

Greggs Company Profile

Greggs plc operates as a food-on-the-go retailer in the United Kingdom. It offers a range of fresh bakery products, sandwiches, and drinks. The company sells products to franchise and wholesale partners for sale in their own outlets. It is also involved in the property holding, non-trading, and trustee businesses.