Greggs Share Discussion Threads

[blackhorse23] 25/1/2024 08:30

Added GNC & APH today

[bouleversee] 24/1/2024 14:11

Thanks, Philanderer.

I have to say, however, that I don't really understand their conclusions. Maybe it's not just me being dim since the share price is already above their target.

[philanderer] 24/1/2024 12:40

"Numis starts Greggs at ‘hold’, says growth is ‘baked in’"

Numis initiated coverage of Greggs on Wednesday with a ‘hold’ rating and 2,560p price target as it said growth was "baked in".

Greggs is "the undisputed UK food-to-go specialist", it said, with a share of around 8% of a "highly fragmented" market.

Numis said the company’s track record is impressive, reporting 10-year CAGR store growth of 3.4%, revenue of 7.5% and pre-tax profit of 11.3%.

It noted that in 2021, management set out to double revenue from £1.2bn to £2.4bn by 2026 and has already achieved half of this.

"However, over the next three years an increasing amount of this growth will originate from franchisees, delivery and loyalty, all dilutive to gross margin and in most instances to EBIT margin too meaning we forecast profit before tax CAGR of circa 10%," it said.

"The shares are trading at 20x FY24E price-to-earnings rate, in line with five-year average and therefore we initiate with a hold."

The broker said it prefers Domino’s, which has a clearer growth trajectory, is less capital intensive and trades at an 8% discount to Greggs.



Sharecast.com

[philanderer] 24/1/2024 12:35

Dog of the day.

[philanderer] 22/1/2024 17:33

Netflix now showing that two part Greggs documentary with Grace Dent. Good exposure for the company.

[philanderer] 21/1/2024 00:39

ON A ROLL Greggs sausage rolls are being flogged for just 62p each – and it’s NOT at outlets

[philanderer] 17/1/2024 15:58

Aviva going over 4%

[philanderer] 16/1/2024 17:44

Tipped in The Times


TEMPUS

'Climb aboard the Greggs gravy train'

[philanderer] 16/1/2024 16:55

Added a few today.

Octavio , could you wang a couple of charts up in the header ? Many thanks.

[octavio] 16/1/2024 09:12

Progressing nicely! A very well-run business!

[blackhorse23] 15/1/2024 11:30

Money moving to GNC who is manufacturer & supplier for Greggs

[philanderer] 12/1/2024 11:29

Barclays raises Greggs price target to 3,080 (3,020) pence - 'overweight'

[philanderer] 11/1/2024 13:36

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

[eigthwonder] 10/1/2024 12:35

Sellers of good value British takeaway food - it’s the UK equivalent of Maccy D’s.

[haroldthegreat] 10/1/2024 12:16

The kids are experts in shoplifting. I have seen a group of kids go in to buy goods in my local Greggs and whilst they are obscuring the staff view others go in and steal from the front display. No way can they stop it unless they have someone on the door . Then their rate of sale will be reduced in their peak selling period .luckily they are low cost items and are made by us .

[philanderer] 10/1/2024 10:18

That's a good update.

[maximus57] 10/1/2024 08:29

Great results yet again, this should easily be trading over 30 pounds a share IMHO. Getting held back in a sticky UK market. It would be flying in the US

[johnwise] 10/1/2024 08:20

Greggs PLC Q4 Trading Update (1668Z)

Further strong trading through fourth quarter

Q4 highlights

[johnwise] 09/1/2024 22:32

Greggs Short Positions Break Down

[cumnor] 03/1/2024 10:37

This is why you will see companies leaving London in droves-no liquidity in the market and less interest from IIs based here. Creates great opportunities though when PIs are mugged by the mms.

[18bells] 30/11/2023 08:05

Based on witnesses the kids "walked in" as opposed to "storm in". The staff are powerless and who wants to chase kids for stolen goods these days?! The situation could spin putting one self in danger and possibly nicked to an alleged assault that never occurred. Reoccurring mass theft is a pandemic and retailers are left on their own. The remaining retailers on the high street are struggling with online retailers and walkin thieves. Problem is the stock is limited each day so its not possible to just make more donuts. Also the packaging is probably supplied limited to delivery each day. The danger is if this is a reoccurring problem it will impact the individual shop and if sales are not hitting targets and contributing profit to the whole business it will go and that applies to all shops.

[bouleversee] 29/11/2023 12:46

If the kids were nicking them, Greggs should be taking action to prevent this. Police won't be interested but it can't be that difficult.

[bouleversee] 29/11/2023 12:42

Are you suggesting the kids had just stormed in and lifted them without paying? If not, the impact should be to encourage Greggs to make and deliver more doughnuts. Simples!
It could, of course, be that the remaining kids were waiting for an imminent delivery and were just watching to see what you were going to buy.