Greggs (LON:GRG) Announces Earnings Results

Greggs (LON:GRG) released its earnings results on Wednesday. The company reported GBX 120 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Greggs had a return on equity of 25.41% and a net margin of 6.96%.

Greggs Stock Up 2.7%

Shares of LON GRG opened at GBX 1,649 on Wednesday. The company has a market cap of £1.68 billion, a price-to-earnings ratio of 11.69, a PEG ratio of 3.39 and a beta of 1.31. The company has a current ratio of 0.49, a quick ratio of 0.88 and a debt-to-equity ratio of 79.33. The stock has a 50-day moving average price of GBX 1,642.74 and a two-hundred day moving average price of GBX 1,621.27. Greggs has a 12 month low of GBX 1,407.20 and a 12 month high of GBX 2,237.88.

Analyst Ratings Changes

GRG has been the subject of a number of recent research reports. Berenberg Bank reduced their price target on Greggs from GBX 2,640 to GBX 2,170 and set a “buy” rating for the company in a research report on Thursday, January 8th. JPMorgan Chase & Co. assumed coverage on shares of Greggs in a research report on Friday, December 5th. They set an “overweight” rating and a GBX 2,110 price target on the stock. Finally, Jefferies Financial Group cut Greggs to a “hold” rating and decreased their price objective for the company from GBX 2,500 to GBX 1,610 in a report on Monday, February 9th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Greggs has an average rating of “Hold” and an average price target of GBX 1,845.

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.