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

Greggs plc (LON:GRG) insider Roisin Currie acquired 721 shares of the company’s stock in a transaction dated Tuesday, March 25th. The stock was acquired at an average cost of GBX 1,796 ($23.25) per share, for a total transaction of £12,949.16 ($16,764.84).

Greggs Stock Up 0.3 %

LON GRG traded up GBX 6 ($0.08) on Wednesday, hitting GBX 1,794 ($23.23). 154,895 shares of the company were exchanged, compared to its average volume of 1,911,815. Greggs plc has a 12 month low of GBX 1,755 ($22.72) and a 12 month high of GBX 3,250 ($42.08). 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 PE ratio of 13.31, a PEG ratio of 3.39 and a beta of 1.43. The stock has a fifty day moving average of GBX 2,032.03 and a 200-day moving average of GBX 2,540.31.

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

Greggs Increases Dividend

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

Analyst Ratings Changes

Separately, Berenberg Bank dropped their price target on Greggs from GBX 3,420 ($44.28) to GBX 3,250 ($42.08) 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.