Bakkavor Group (LON:BAKK) Sets New 12-Month High – Still a Buy?

Bakkavor Group plc (LON:BAKK)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as GBX 188 ($2.43) and last traded at GBX 171 ($2.21), with a volume of 22150516 shares trading hands. The stock had previously closed at GBX 168.50 ($2.18).

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 170 ($2.20) price objective on shares of Bakkavor Group in a report on Thursday, March 13th.

Bakkavor Group Stock Up 2.2 %

The firm’s 50-day simple moving average is GBX 149.69 and its two-hundred day simple moving average is GBX 147.94. The company has a debt-to-equity ratio of 53.92, a current ratio of 0.62 and a quick ratio of 0.43. The company has a market capitalization of £1.09 billion, a price-to-earnings ratio of 16.94, a price-to-earnings-growth ratio of 0.61 and a beta of 0.63.

Bakkavor Group (LON:BAKK) last released its quarterly earnings data on Tuesday, March 4th. The company reported GBX 9.60 ($0.12) earnings per share for the quarter. Bakkavor Group had a return on equity of 10.43% and a net margin of 2.86%. Sell-side analysts predict that Bakkavor Group plc will post 11.5761689 EPS for the current fiscal year.

Bakkavor Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Thursday, April 24th will be issued a dividend of GBX 4.80 ($0.06) per share. This is an increase from Bakkavor Group’s previous dividend of $3.20. This represents a yield of 3%. The ex-dividend date is Thursday, April 24th. Bakkavor Group’s dividend payout ratio (DPR) is 72.85%.

Bakkavor Group Company Profile

We are the leading provider of fresh prepared food in the UK, and our presence in the US and China positions the Group well in these high-growth markets. We leverage our consumer insight and scale to provide innovative food that offers quality, choice, convenience, and freshness. Around 18,000 colleagues operate from 43 sites across our three markets supplying a portfolio of over 3,000 products across meals, pizza & bread, salads and desserts to leading grocery retailers in the UK and US, and international food brands in China.