Greggs plc (LON:GRG) Declares Dividend of GBX 50

Greggs plc (LON:GRG - Get Free Report) announced a dividend on Tuesday, March 4th, DividendData.Co.Uk reports. Shareholders of record on Thursday, May 1st will be paid a dividend of GBX 50 ($0.66) per share on Friday, May 30th. This represents a yield of 2.7%. The ex-dividend date is Thursday, May 1st. This is a 163.2% increase from Greggs's previous dividend of $19.00. The official announcement can be accessed at this link.

Greggs Stock Performance

Shares of Greggs stock traded down GBX 45 ($0.60) during trading hours on Friday, reaching GBX 1,784 ($23.68). The company had a trading volume of 615,090 shares, compared to its average volume of 1,625,214. The business has a fifty day simple moving average of GBX 1,831.02 and a 200 day simple moving average of GBX 2,287.11. The firm has a market cap of £1.80 billion, a PE ratio of 13.23, a price-to-earnings-growth ratio of 3.39 and a beta of 1.43. The company has a debt-to-equity ratio of 66.19, a current ratio of 0.80 and a quick ratio of 0.88. Greggs has a one year low of GBX 1,657 ($21.99) and a one year high of GBX 3,250 ($43.14).

Greggs (LON:GRG - Get Free Report) last announced its quarterly earnings results on Tuesday, March 4th. The company reported GBX 150.70 ($2.00) EPS for the quarter. Greggs had a net margin of 7.13% and a return on equity of 26.79%. On average, analysts anticipate that Greggs will post 142.3763386 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Greggs news, insider Roisin Currie bought 721 shares of the firm's stock in a transaction that occurred on Tuesday, March 25th. The shares were bought at an average price of GBX 1,796 ($23.84) per share, for a total transaction of £12,949.16 ($17,187.63). Corporate insiders own 5.89% of the company's stock.

Analysts Set New Price Targets

Separately, Berenberg Bank cut their price objective on Greggs from GBX 3,420 ($45.39) to GBX 3,250 ($43.14) and set a "buy" rating for the company in a report on Wednesday, March 5th.

Greggs Company Profile

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.