Greggs (LON:GRG) Hits New 12-Month Low – Should You Sell?

Greggs plc (LON:GRG)’s stock price reached a new 52-week low during trading on Monday . The company traded as low as GBX 1,746 ($22.58) and last traded at GBX 1,751 ($22.64), with a volume of 80431 shares. The stock had previously closed at GBX 1,781.59 ($23.04).

Wall Street Analyst Weigh In

Separately, Berenberg Bank dropped their price objective on shares of Greggs from GBX 3,420 ($44.22) to GBX 3,250 ($42.02) and set a “buy” rating on the stock in a report on Wednesday, March 5th.

Greggs Stock Performance

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 company has a fifty day moving average price of GBX 2,006.71 and a 200 day moving average price of GBX 2,511.74. The stock has a market cap of £1.76 billion, a P/E ratio of 12.94, a P/E/G ratio of 3.39 and a beta of 1.43.

Greggs (LON:GRG) last announced its quarterly earnings results on Tuesday, March 4th. The company reported GBX 150.70 ($1.95) EPS for the quarter. Greggs had a net margin of 7.13% and a return on equity of 26.79%. On average, equities analysts expect that Greggs plc will post 142.3763386 EPS for the current year.

Greggs Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 20th were issued a GBX 100 ($1.29) dividend. This represents a dividend yield of 3.66%. The ex-dividend date was Thursday, March 20th. This is a positive change from Greggs’s previous dividend of $50.00. Greggs’s dividend payout ratio (DPR) is currently 48.21%.

Insider Activity at Greggs

In related news, insider Roisin Currie acquired 721 shares of the company’s stock in a transaction on Tuesday, March 25th. The shares were acquired at an average cost of GBX 1,796 ($23.22) per share, for a total transaction of £12,949.16 ($16,743.16). Also, insider Nigel Mills bought 925 shares of Greggs stock in a transaction dated Friday, January 10th. The stock was purchased at an average price of GBX 2,149 ($27.79) per share, with a total value of £19,878.25 ($25,702.42). 5.89% of the stock is owned by insiders.

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.