Greggs (LON:GRG) Releases Earnings Results

Greggs (LON:GRG) announced its quarterly earnings results on Tuesday. The company reported GBX 150.70 ($1.94) EPS for the quarter, Digital Look Earnings reports. Greggs had a net margin of 7.13% and a return on equity of 26.79%.

Greggs Stock Performance

Shares of GRG traded down GBX 43.14 ($0.56) during mid-day trading on Thursday, reaching GBX 1,773.87 ($22.86). 895,003 shares of the company’s stock were exchanged, compared to its average volume of 1,196,490. The business’s fifty day simple moving average is GBX 2,242.34 and its 200-day simple moving average is GBX 2,670.65. The stock has a market capitalization of £1.79 billion, a PE ratio of 13.16, a price-to-earnings-growth ratio of 3.39 and a beta of 1.43. Greggs has a 52-week low of GBX 1,755 ($22.62) and a 52-week high of GBX 3,250 ($41.89). The company has a debt-to-equity ratio of 66.19, a current ratio of 0.80 and a quick ratio of 0.88.

Insider Activity at Greggs

In related news, insider Nigel Mills bought 925 shares of the company’s stock in a transaction dated Friday, January 10th. The shares were acquired at an average price of GBX 2,149 ($27.70) per share, with a total value of £19,878.25 ($25,622.91). 5.89% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank dropped their price objective on Greggs from GBX 3,420 ($44.08) to GBX 3,250 ($41.89) and set a “buy” rating on the stock in a report on Wednesday.

About Greggs

Greggs is a leading UK food-on-the-go retailer with more than 2,400 shops nationwide and approximately 32,000 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.