Harvey Jones reported on 28 July 2026 that Greggs (LSE: GRG) shares peaked at 3,184p in August 2024 but now trade at 1,620p, a crash of 50%. The FTSE 250 stock has slipped just 3.8% over the last 12 months. The price-to-earnings ratio is 13.2, and the trailing dividend yield is 4.25%. Jones consulted ChatGPT, which argued that Greggs still has a major rollout opportunity, highlighting the "strong Greggs brand and a reputation for relatively affordable food." ChatGPT also noted that "if real household incomes improve and consumer confidence returns, Greggs could benefit from higher spending." Risks mentioned by ChatGPT included hot weather hitting demand for warm food, the threat of weight loss drugs, and "market saturation and cannibalisation, where new branches take sales from existing ones." The 15 analysts offering one-year share price forecasts produce a consensus target of 1,701p, which would see the shares rise a modest 5.1% from here.