Greggs (LON:GRG) Announces Quarterly Earnings Results

Greggs (LON:GRG) announced its quarterly earnings results on Tuesday. The company reported GBX 150.70 ($1.94) earnings per share 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 Down 2.9 %

LON GRG traded down GBX 52 ($0.67) on Thursday, reaching GBX 1,765 ($22.75). The company had a trading volume of 1,118,677 shares, compared to its average volume of 1,201,353. The company’s fifty day moving average is GBX 2,242.34 and its 200-day moving average is GBX 2,670.65. The firm has a market capitalization of £1.78 billion, a price-to-earnings ratio of 13.09, 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 quick ratio of 0.88 and a current ratio of 0.80. Greggs has a 1-year low of GBX 1,760 ($22.69) and a 1-year high of GBX 3,250 ($41.89).

Insider Activity

In other Greggs news, insider Nigel Mills acquired 925 shares of the stock in a transaction dated Friday, January 10th. The shares were bought at an average cost of GBX 2,149 ($27.70) per share, for a total transaction of £19,878.25 ($25,622.91). 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.