Greggs plc (LON:GRG) Announces Dividend of GBX 100

Greggs plc (LON:GRG) announced a dividend on Tuesday, March 18th, Upcoming Dividends.Co.Uk reports. Investors of record on Thursday, March 20th will be paid a dividend of GBX 100 ($1.30) per share on Thursday, March 27th. This represents a dividend yield of 3.66%. The ex-dividend date is Thursday, March 20th. This is a 100.0% increase from Greggs’s previous dividend of $50.00. The official announcement can be viewed at this link.

Greggs Trading Down 0.6 %

GRG stock traded down GBX 12 ($0.16) during midday trading on Tuesday, hitting GBX 1,850 ($24.05). The stock had a trading volume of 13,959,284 shares, compared to its average volume of 2,319,966. The firm has a market cap of £1.87 billion, a P/E ratio of 13.72, a price-to-earnings-growth ratio of 3.39 and a beta of 1.43. The company has a current ratio of 0.80, a quick ratio of 0.88 and a debt-to-equity ratio of 66.19. Greggs has a 1-year low of GBX 1,755 ($22.82) and a 1-year high of GBX 3,250 ($42.25). The business has a fifty day moving average price of GBX 2,094.22 and a two-hundred day moving average price of GBX 2,597.47.

Greggs (LON:GRG) last released its earnings results on Tuesday, March 4th. The company reported GBX 150.70 ($1.96) 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 will post 142.3763386 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Nigel Mills acquired 925 shares of the firm’s stock in a transaction on Friday, January 10th. The stock was acquired at an average cost of GBX 2,149 ($27.94) per share, for a total transaction of £19,878.25 ($25,842.76). 5.89% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Berenberg Bank dropped their price target on Greggs from GBX 3,420 ($44.46) to GBX 3,250 ($42.25) and set a “buy” rating on the stock in a research report 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.