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The Greggs share price is moving. Here’s why I’d buy

first_img Image source: Getty Images. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Kevin Godbold | Tuesday, 26th May, 2020 | More on: GRG Simply click below to discover how you can take advantage of this. Our 6 ‘Best Buys Now’ Shares Enter Your Email Address It’s no surprise to see the Greggs (LSE: GRG) share price moving higher today. Yesterday, the UK government announced further significant lifting of lockdown arrangements. In June, non-essential retailers will be allowed to throw open their doors once more if they adopt Covid-safe practices, such as physical-distancing.It seems just a matter of time before we’ll be able to load up again with the bakery and food-to-go retailer’s sticky treats and caffeine fixes!5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Still closed for the time beingBut the government hasn’t mentioned restaurants and cafes. All of Greggs’ more than 2,050 shops have been closed since 24 March when the UK imposed its coronavirus lockdown. The government has allowed takeaway outlets to open. But so far, Greggs has chosen not to participate.Chief executive Roger Whiteside left a note on the company’s website explaining that the firm is working hard to get up and running again. Initial trials behind closed doors aim to test “a number” of new operational safety measures that will enable social distancing. Greggs is looking at the possibility of using “a number of channels”, such as delivery via Just Eat, Click & Collect and walk-in customers. At 1,797p, the share price is still almost 30% down from its peak in February. But City analysts have pencilled in a robust recovery in profits for 2021. And that feels about right to me. I can’t imagine the stores remaining closed into next year. And there must be pent-up demand for the company’s products.A compelling growth storyAside from the coronavirus crisis and the temporary bolting of the firm’s doors, it’s worth reflecting on the stock’s attractions. I pointed out in an article at the beginning of March that “the story behind Greggs is one of robust expansion driving prodigious cash flow and escalating shareholder dividends.”To me, the share would be a great addition to a long-term-focused retirement portfolio. And I’d be keen to buy while the share price remains depressed because of the temporary hiatus in revenues caused by the crisis. I think with recent government announcements, we have something of a road map back to a more normal lifestyle. And to me, Greggs looks capable of being a big part of that for many people.We can get some idea of how well things may proceed for Greggs when it starts trading again by looking at the competition. For example, KFC has reopened some of its drive-throughs and cars are queuing around the block. Chip shops and other takeaways opened recently and their queues have been enormous – exaggerated by the 2-metre social-distancing rules.My guess is that the demand for Greggs’ offering will be equally robust. And looking back 10 years from now, we may be glad we took the opportunity to pick up a few of the firm’s shares while the outlook remained uncertain.center_img The Greggs share price is moving. Here’s why I’d buy I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. “This Stock Could Be Like Buying Amazon in 1997” Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Kevin Godbold has no position in any share mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. See all posts by Kevin Godboldlast_img read more