Greggs plc (GRG) To Go Ex-Dividend on April 25th

Greggs plc (LON:GRG) announced a dividend on Tuesday, March 5th, Upcoming.Co.Uk reports. Stockholders 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 dividend yield of 3.17%. The ex-dividend date of this dividend 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 Price Performance

Shares of LON GRG opened at GBX 2,799.64 ($34.58) on Tuesday. Greggs has a twelve month low of GBX 2,244 ($27.72) and a twelve month high of GBX 2,914 ($35.99). The company has a current ratio of 1.09, a quick ratio of 0.88 and a debt-to-equity ratio of 60.20. The company has a market capitalization of £2.84 billion, a price-to-earnings ratio of 2,004.32, a price-to-earnings-growth ratio of 3.39 and a beta of 1.28. The business has a 50 day simple moving average of GBX 2,794.17 and a 200-day simple moving average of GBX 2,622.02.

Insider Buying and Selling

In related news, insider Richard Hutton sold 18,005 shares of the company’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of GBX 2,758 ($34.07), for a total transaction of £496,577.90 ($613,362.03). In other Greggs news, insider Roisin Currie purchased 65 shares of the firm’s stock in a transaction dated 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). Also, insider Richard Hutton sold 18,005 shares of the company’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of GBX 2,758 ($34.07), for a total value of £496,577.90 ($613,362.03). 5.88% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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