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GRG Greggs Plc

2,900.00
62.00 (2.18%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Greggs Plc GRG London Ordinary Share
  Price Change Price Change % Share Price Last Trade
62.00 2.18% 2,900.00 16:35:21
Open Price Low Price High Price Close Price Previous Close
2,846.00 2,842.00 2,910.00 2,900.00 2,838.00
more quote information »
Industry Sector
FOOD & DRUG RETAILERS

Greggs GRG Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
05/03/2024SpecialGBP0.425/04/202426/04/202424/05/2024
05/03/2024FinalGBP0.4625/04/202426/04/202424/05/2024
01/08/2023InterimGBP0.1607/09/202308/09/202306/10/2023
07/03/2023FinalGBP0.4427/04/202328/04/202326/05/2023
02/08/2022InterimGBP0.1508/09/202209/09/202207/10/2022
08/03/2022FinalGBP0.4212/05/202213/05/202208/06/2022
08/03/2022SpecialGBP0.424/03/202225/03/202229/04/2022
03/08/2021InterimGBP0.1509/09/202110/09/202108/10/2021
30/07/2019SpecialGBP0.3505/09/201906/09/201903/10/2019
30/07/2019InterimGBP0.11905/09/201906/09/201903/10/2019

Top Dividend Posts

Top Posts
Posted at 18/6/2024 10:17 by philanderer
Greggs is cooling down, says Peel Hunt


Peel Hunt is wary of the growth opportunity at Greggs (GRG) after a site tour with the high-street baker.

Analyst Jonathan Pritchard reiterated his ‘hold’ recommendation and target price of £27 on the Citywire Elite Companies A-rated baker, which climbed 1.7% to £28.58 on Monday.

The tour gave Pritchard ‘a clear indication of the supply chain constraints Greggs faces as it grows, and management presented its solution – a push towards centralised distribution’.

Pritchard questioned whether the ambitious plan to have 3,500 stores is a stretch and wondered whether ‘we are close to hitting peak Greggs’.

‘With franchises increasing in the mix, we reflect on its incremental profitability, forecasting a slowdown into full-year 2028,’ he said.

‘Despite the successful growth post-Covid, we are wary of the remaining white space opportunity. The valuation is relatively high at 22 times price to earnings and we stick to our bottom-of-the-range view for full-year 2024-2026, expecting profit growth to taper in full-year 2028.’


citywire.com
Posted at 10/6/2024 18:31 by waldron
atest Dividends

Summary Previous dividend Next dividend

Status Paid Forecast

Type Special Interim

Per share 40p Sign Up Required

Declaration date 05 Mar 2024 (Tue) 30 Jul 2024 (Tue)

Ex-div date 25 Apr 2024 (Thu) 05 Sep 2024 (Thu)


Pay date 24 May 2024 (Fri) 04 Oct 2024 (Fri)
Posted at 24/5/2024 08:22 by octavio
Mmmm Dividend payment day!
Posted at 23/4/2024 09:45 by skinny
Greggs plc, a leading UK food-on-the-go retailer, will announce its first quarter trading update on Tuesday 14 May 2024.
Posted at 04/4/2024 15:48 by octavio
This looks like a proper racket at the moment! Big rise one day then a big fall the next. Someone day trading could be making a fortune! I'm just holding for now.

I have no doubt it will fall at the ex-divi date by the equivalent of the two dividends.
Posted at 05/3/2024 14:12 by philanderer
Greggs rolls out good news on costs and job opportunities

Investors welcome news of a special dividend as the company says breakfasts and its expanded footprint are helping it meet ambitious growth targets
Posted at 05/3/2024 10:31 by spacecake
Breaking all sots of records, including failing to pay the minimum wage to 4793 workers, now we know where part of the special dividend came from ! - directors rewarding themselves once again.

Greggs Plc, Newcastle upon Tyne, NE12, failed to pay £219,129.07 to 4,793 workers.
Posted at 05/3/2024 07:30 by octavio
How impressive!

46p dividend plus a special dividend of 40p
Posted at 11/1/2024 13:36 by philanderer
Liberum upgrades Greggs as it dishes out hot numbers


Liberum has upgraded high-street baker Greggs (GRG) as it believes there is more to go for as inflationary costs recede.

Analyst Wayne Brown upgraded his recommendation from ‘hold’ to ‘buy’ and retained his £28.00 target price on the Citywire Elite Companies A-rated stock, which was trading at £26.06 on Wednesday.

The group reported ‘a very strong update’ delivering a fourth-quarter sales growth of 9.4% and full-year growth of 19.6%, above the 18% delivered last year.

‘Store openings are ahead of expectations and while the profit and loss is in line with expectations, cash generation has massively beaten our expectations, with net cash of £195m at year-end versus our £130m expectation,’ said Brown.

He said a ‘buy’ is the right call given ‘inflation is now receding and openings expected to ramp up further’.

‘It seems like all the strategic initiatives have contributed to such a strong performance,’ he added.


citywire.com
Posted at 03/10/2023 10:15 by philanderer
WHAT DO ANALYSTS SAY?

‘Greggs remains a business with considerable ambition to grow its business, which we like, noting confidence in this statement for the 2024 opening programme,’ commented Shore Capital’s head of research Clive Black.

‘We believe the stock merits a premium equity rating, and that is what the market is affording the equity. Whilst there is much to admire about the business and its investment thesis, we feel a 2023 price to earnings ratio of 20.1 times, falling to 18.1 times in 2024, a ratio of 11.1 times 2023 EV/EBITDA (enterprise value to earnings before interest, tax, depreciation and amortisation), noting a negative medium-term free cash flow yield, with a dividend yield of 2.4%, represent full and fair value,’ added Black.

Greggs is ‘in a sweet spot in the retail market, backed by its growth initiatives and good cost management’, observed Russell Pointon from research group Edison.

‘The Q3 results reaffirm its resilience and share gains. Expanding its shop estate and investing in the supply chain further reinforce its market presence, albeit there may be some disappointment about the slightly lower than expected net new store growth for the full year

‘While some economic uncertainties persist, Greggs' consistent delivery of strong results, along with its reputation for customer satisfaction and affordability, bodes well for its future.’



sharesmagazine.co.uk

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