Greggs (LON:GRG) Announces Quarterly Earnings Results

Greggs (LON:GRGGet Free Report) posted its quarterly earnings data on Wednesday. The company reported GBX 55.10 EPS for the quarter, Digital Look Earnings reports. Greggs had a net margin of 5.68% and a return on equity of 20.47%.

Greggs Stock Up 15.7%

Shares of LON GRG traded up GBX 265 during mid-day trading on Wednesday, reaching GBX 1,955. The company had a trading volume of 4,985,635 shares, compared to its average volume of 4,246,355. The company has a debt-to-equity ratio of 75.94, a quick ratio of 0.88 and a current ratio of 0.56. The company has a market capitalization of £1.99 billion, a price-to-earnings ratio of 16.39, a PEG ratio of 3.39 and a beta of 1.15. The stock has a fifty day moving average of GBX 1,635.24 and a two-hundred day moving average of GBX 1,618.12. Greggs has a 12-month low of GBX 1,407.20 and a 12-month high of GBX 1,960.

Insider Buying and Selling

In related news, insider Richard Smothers bought 1,615 shares of the business’s stock in a transaction on Tuesday, May 19th. The stock was bought at an average price of GBX 17 per share, for a total transaction of £274.55. Insiders own 0.62% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on GRG. Jefferies Financial Group reissued a “hold” rating and issued a GBX 1,610 target price on shares of Greggs in a research report on Wednesday. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating and issued a GBX 1,330 price objective on shares of Greggs in a research note on Wednesday, May 13th. Shore Capital Group reissued a “hold” rating on shares of Greggs in a research note on Tuesday, May 12th. Berenberg Bank restated a “buy” rating and issued a GBX 2,090 target price on shares of Greggs in a report on Thursday, May 14th. Finally, UBS Group reaffirmed a “buy” rating and issued a GBX 2,200 target price on shares of Greggs in a research report on Monday, May 11th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of GBX 1,824.29.

Check Out Our Latest Analysis on GRG

About Greggs

(Get Free Report)

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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Earnings History for Greggs (LON:GRG)

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