Greggs (LON:GRG) Posts Quarterly Earnings Results

Greggs (LON:GRG) posted its quarterly earnings data on Friday. The company reported GBX 45.60 EPS for the quarter, Digital Look Earnings reports. Greggs had a return on equity of 26.79% and a net margin of 7.13%.

Greggs Stock Down 1.4%

Shares of Greggs stock opened at GBX 1,649 on Friday. The company has a market capitalization of £1.68 billion, a P/E ratio of 11.69, a price-to-earnings-growth ratio of 3.39 and a beta of 1.43. The company has a debt-to-equity ratio of 66.19, a current ratio of 0.80 and a quick ratio of 0.88. The business has a 50-day moving average of GBX 1,622.90 and a two-hundred day moving average of GBX 1,635.75. Greggs has a 1 year low of GBX 1,407.20 and a 1 year high of GBX 2,246.

Insider Transactions at Greggs

In related news, insider Richard Hutton sold 7,438 shares of the stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of GBX 1,571, for a total transaction of £116,850.98. Insiders own 0.57% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on GRG shares. JPMorgan Chase & Co. initiated coverage on Greggs in a research report on Friday, December 5th. They issued an “overweight” rating and a GBX 2,110 price target on the stock. Berenberg Bank lowered their price objective on shares of Greggs from GBX 2,640 to GBX 2,170 and set a “buy” rating on the stock in a research note on Thursday, January 8th. Royal Bank Of Canada cut their target price on shares of Greggs from GBX 2,350 to GBX 2,190 and set an “outperform” rating for the company in a research note on Thursday, October 2nd. Shore Capital reaffirmed a “hold” rating on shares of Greggs in a research report on Wednesday, October 1st. Finally, Jefferies Financial Group lowered their price target on Greggs from GBX 2,650 to GBX 2,500 and set a “buy” rating on the stock in a research note on Thursday, October 2nd. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of GBX 1,993.33.

Greggs Company Profile

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. Greggs also offers a healthier options range which includes a selection of gluten-free, vegan-friendly and lower calorie products.