Greggs plc (LON:GRG) Raises Dividend to GBX 86 Per Share

Greggs plc (LON:GRG) declared a dividend on Tuesday, March 5th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, April 25th will be paid a dividend of GBX 86 ($1.06) per share on Friday, May 24th. This represents a yield of 3.17%. The ex-dividend date is Thursday, April 25th. This is a positive change from Greggs’s previous dividend of $16.00. The official announcement can be accessed at this link.

Greggs Stock Up 0.2 %

Shares of GRG opened at GBX 2,807 ($34.67) on Wednesday. Greggs has a 52 week low of GBX 2,244 ($27.72) and a 52 week high of GBX 2,914 ($35.99). The company has a debt-to-equity ratio of 60.20, a quick ratio of 0.88 and a current ratio of 1.09. The firm has a market capitalization of £2.85 billion, a price-to-earnings ratio of 2,010.83, a PEG ratio of 3.39 and a beta of 1.28. The business’s fifty day moving average price is GBX 2,796.65 and its two-hundred day moving average price is GBX 2,624.90.

Insider Buying and Selling

In other news, insider Roisin Currie acquired 65 shares of Greggs stock in a transaction dated Thursday, April 11th. The stock was bought at an average price of GBX 2,766 ($34.17) per share, for a total transaction of £1,797.90 ($2,220.73). In related news, insider Richard Hutton sold 18,005 shares of the business’s stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of GBX 2,758 ($34.07), for a total value of £496,577.90 ($613,362.03). Also, insider Roisin Currie purchased 65 shares of the business’s stock in a transaction that occurred on Thursday, April 11th. The stock was bought at an average price of GBX 2,766 ($34.17) per share, with a total value of £1,797.90 ($2,220.73). 5.88% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group restated a “buy” rating and issued a GBX 3,450 ($42.61) price target on shares of Greggs in a research report on Wednesday, March 20th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of GBX 3,075 ($37.98).

Greggs Company Profile

Greggs plc operates as a food-on-the-go retailer in the United Kingdom. It offers a range of fresh bakery products, sandwiches, and drinks. The company sells products to franchise and wholesale partners for sale in their own outlets. It is also involved in the property holding, non-trading, and trustee businesses.