Richard Hutton Sells 3,069 Shares of Greggs (LON:GRG) Stock

Key Points

• Greggs insider Richard Hutton sold 3,069 shares at an average price of GBX 1,926, generating proceeds of approximately £59,109.
• Greggs shares fell 0.7% to GBX 1,904.63, while the company reported quarterly EPS of GBX 55.10 and analysts expect full-year EPS of about GBX 142.38.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of GBX 1,881.43; targets range from GBX 1,610 to GBX 2,200.

Greggs plc (LON:GRG - Get Free Report) insider Richard Hutton sold 3,069 shares of the company's stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of GBX 1,926, for a total transaction of £59,108.94.

Greggs Trading Down 0.7%

Greggs stock traded down GBX 13.37 during trading on Monday, hitting GBX 1,904.63. The company had a trading volume of 298,696 shares, compared to its average volume of 4,129,003. The stock has a market cap of £1.94 billion, a price-to-earnings ratio of 14.78, a price-to-earnings-growth ratio of 3.39 and a beta of 1.15. The company has a current ratio of 0.52, a quick ratio of 0.88 and a debt-to-equity ratio of 74.16. Greggs plc has a 1-year low of GBX 1,407.20 and a 1-year high of GBX 2,046. The company's 50 day simple moving average is GBX 1,670.73 and its 200-day simple moving average is GBX 1,634.51.

Greggs (LON:GRG - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported GBX 55.10 earnings per share (EPS) for the quarter. Greggs had a return on equity of 20.97% and a net margin of 5.93%. As a group, analysts expect that Greggs plc will post 142.3763386 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on GRG shares. UBS Group restated a "buy" rating and set a GBX 2,200 price target on shares of Greggs in a report on Monday, May 11th. Berenberg Bank boosted their price objective on Greggs from GBX 2,090 to GBX 2,200 and gave the stock a "buy" rating in a research report on Thursday, July 30th. Jefferies Financial Group reaffirmed a "hold" rating and issued a GBX 1,610 target price on shares of Greggs in a report on Wednesday, July 29th. Shore Capital Group reiterated a "hold" rating on shares of Greggs in a report on Tuesday, May 12th. Finally, Royal Bank Of Canada boosted their target price on shares of Greggs from GBX 1,830 to GBX 1,960 and gave the stock a "sector perform" rating in a research note on Friday, July 31st. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Greggs has a consensus rating of "Hold" and a consensus price target of GBX 1,881.43.

Greggs Company Profile

Greggs is a leading UK food-on-the-go retailer with more than 2,700 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. Greggs also offers a healthier options range which includes a selection of gluten-free, vegan-friendly and lower calorie products.

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