Richard Hutton Sells 18,005 Shares of Greggs plc (LON:GRG) Stock

Greggs plc (LON:GRG) insider Richard Hutton sold 18,005 shares of the business’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of GBX 2,758 ($34.33), for a total transaction of £496,577.90 ($618,172.41).

Greggs Stock Down 2.1 %

Shares of Greggs stock opened at GBX 2,738 ($34.08) on Wednesday. The company has a fifty day moving average price of GBX 2,787.01 and a 200 day moving average price of GBX 2,609.06. The company has a current ratio of 1.09, a quick ratio of 0.88 and a debt-to-equity ratio of 60.20. Greggs plc has a twelve month low of GBX 2,244 ($27.93) and a twelve month high of GBX 2,914 ($36.28). The stock has a market cap of £2.78 billion, a price-to-earnings ratio of 1,969.78, a price-to-earnings-growth ratio of 3.39 and a beta of 1.28.

Greggs Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, May 24th. Investors of record on Thursday, April 25th will be given a dividend of GBX 86 ($1.07) per share. This represents a yield of 3.17%. This is a boost from Greggs’s previous dividend of $16.00. The ex-dividend date is Thursday, April 25th. Greggs’s dividend payout ratio is 4,460.43%.

Analyst Ratings Changes

Separately, Jefferies Financial Group reissued a “buy” rating and set a GBX 3,450 ($42.95) price objective on shares of Greggs in a research note on Wednesday, March 20th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of GBX 3,075 ($38.28).

About Greggs

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.