Greggs (LON:GRG) Hits New 1-Year Low – Time to Sell?

Greggs plc (LON:GRG) shares reached a new 52-week low on Monday . The stock traded as low as GBX 1,672 ($21.36) and last traded at GBX 1,700 ($21.72), with a volume of 253365 shares. The stock had previously closed at GBX 1,764 ($22.54).

Analyst Ratings Changes

Separately, Berenberg Bank reduced their price target on shares of Greggs from GBX 3,420 ($43.70) to GBX 3,250 ($41.53) and set a “buy” rating on the stock in a research report on Wednesday, March 5th.

Greggs Stock Down 2.1 %

The company has a debt-to-equity ratio of 66.19, a quick ratio of 0.88 and a current ratio of 0.80. The firm has a market capitalization of £1.72 billion, a P/E ratio of 12.68, a P/E/G ratio of 3.39 and a beta of 1.43. The stock has a fifty day moving average price of GBX 1,946.98 and a two-hundred day moving average price of GBX 2,432.31.

Greggs (LON:GRG) last released its quarterly earnings data on Tuesday, March 4th. The company reported GBX 150.70 ($1.93) EPS for the quarter. Greggs had a net margin of 7.13% and a return on equity of 26.79%. Research analysts forecast that Greggs plc will post 142.3763386 EPS for the current year.

Greggs Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 20th were given a dividend of GBX 100 ($1.28) per share. This represents a dividend yield of 3.66%. The ex-dividend date of this dividend was Thursday, March 20th. This is an increase from Greggs’s previous dividend of $50.00. Greggs’s dividend payout ratio is currently 48.21%.

Insider Buying and Selling

In other news, insider Roisin Currie purchased 721 shares of Greggs stock in a transaction dated Tuesday, March 25th. The stock was bought at an average price of GBX 1,796 ($22.95) per share, with a total value of £12,949.16 ($16,546.33). Also, insider Nigel Mills acquired 925 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The stock was purchased at an average cost of GBX 2,149 ($27.46) per share, for a total transaction of £19,878.25 ($25,400.27). 5.89% of the stock is owned by company insiders.

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.