Greggs (LON:GRG) Issues Quarterly Earnings Results

Greggs (LON:GRG) issued its quarterly earnings results on Tuesday. The company reported GBX 150.70 ($1.92) earnings per share for the quarter, Digital Look Earnings reports. Greggs had a return on equity of 26.79% and a net margin of 7.13%.

Greggs Price Performance

Shares of LON GRG opened at GBX 1,854 ($23.56) on Tuesday. The company has a debt-to-equity ratio of 66.19, a quick ratio of 0.88 and a current ratio of 0.80. The company has a market cap of £1.87 billion, a PE ratio of 13.75, a P/E/G ratio of 3.39 and a beta of 1.43. The business has a 50-day simple moving average of GBX 2,279.30 and a two-hundred day simple moving average of GBX 2,688.47. Greggs has a fifty-two week low of GBX 1,784 ($22.67) and a fifty-two week high of GBX 3,250 ($41.30).

Insiders Place Their Bets

In other news, insider Nigel Mills bought 925 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The stock was purchased at an average price of GBX 2,149 ($27.31) per share, with a total value of £19,878.25 ($25,261.47). Corporate insiders own 5.89% of the company’s stock.

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.