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 ($0.67) 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 seen at this link.
Greggs Stock Up 1.6 %
Shares of GRG stock opened at GBX 1,865.18 ($25.06) on Tuesday. 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's 50-day moving average is GBX 1,852.54 and its 200-day moving average is GBX 2,310.61. The stock has a market cap of £1.88 billion, a price-to-earnings ratio of 13.83, a PEG ratio of 3.39 and a beta of 1.43. Greggs has a 52-week low of GBX 1,657 ($22.26) and a 52-week high of GBX 3,250 ($43.67).
Greggs (LON:GRG - Get Free Report) last released its quarterly earnings results on Tuesday, March 4th. The company reported GBX 150.70 ($2.02) earnings per share for the quarter. Greggs had a net margin of 7.13% and a return on equity of 26.79%. Sell-side analysts predict that Greggs will post 142.3763386 EPS for the current year.
Insiders Place Their Bets
In other Greggs news, insider Roisin Currie bought 721 shares of the business's stock in a transaction that occurred on Tuesday, March 25th. The shares were bought at an average price of GBX 1,796 ($24.13) per share, for a total transaction of £12,949.16 ($17,397.77). Insiders own 5.89% of the company's stock.
Analyst Upgrades and Downgrades
Separately, Berenberg Bank dropped their price objective on Greggs from GBX 3,420 ($45.95) to GBX 3,250 ($43.67) and set a "buy" rating for the company in a report on Wednesday, March 5th.
Check Out Our Latest Report on Greggs
Greggs Company Profile
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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.
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