Greggs plc (GRG) To Go Ex-Dividend on May 1st

Greggs plc (LON:GRG) declared a dividend on Tuesday, March 4th, DividendData.Co.Uk reports. Investors 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 dividend 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 viewed at this link.

Greggs Stock Up 1.6 %

GRG stock opened at GBX 1,864 ($25.04) 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. Greggs has a fifty-two week low of GBX 1,657 ($22.26) and a fifty-two week high of GBX 3,250 ($43.67). The company has a market cap of £1.88 billion, a price-to-earnings ratio of 13.83, a P/E/G ratio of 3.39 and a beta of 1.43. The business’s 50-day moving average is GBX 1,852.54 and its two-hundred day moving average is GBX 2,310.61.

Greggs (LON:GRG) last released its earnings results on Tuesday, March 4th. The company reported GBX 150.70 ($2.02) EPS for the quarter. Greggs had a return on equity of 26.79% and a net margin of 7.13%. As a group, analysts forecast that Greggs will post 142.3763386 earnings per share for the current year.

Insider Buying and Selling at Greggs

In other news, insider Roisin Currie bought 721 shares of Greggs stock in a transaction dated Tuesday, March 25th. The shares were acquired at an average cost of GBX 1,796 ($24.13) per share, with a total value of £12,949.16 ($17,397.77). 5.89% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank lowered their price objective on shares of Greggs from GBX 3,420 ($45.95) to GBX 3,250 ($43.67) and set a “buy” rating for the company 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.