Insider Buying: Cake Box Holdings Plc (LON:CBOX) Insider Buys 50,000 Shares of Stock

Cake Box Holdings Plc (LON:CBOX) insider Sukh Ram Chamda bought 50,000 shares of the company’s stock in a transaction dated Wednesday, June 26th. The shares were acquired at an average cost of GBX 174 ($2.21) per share, with a total value of £87,000 ($110,364.07).

Cake Box Stock Performance

LON CBOX opened at GBX 180 ($2.28) on Friday. Cake Box Holdings Plc has a fifty-two week low of GBX 130 ($1.65) and a fifty-two week high of GBX 190 ($2.41). The company has a debt-to-equity ratio of 21.68, a quick ratio of 1.99 and a current ratio of 2.93. The stock’s fifty day moving average is GBX 170.10 and its two-hundred day moving average is GBX 169.32. The firm has a market capitalization of £72 million, a P/E ratio of 1,636.36 and a beta of 1.22.

Cake Box Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, August 6th. Investors of record on Thursday, July 11th will be given a dividend of GBX 6.10 ($0.08) per share. This is a boost from Cake Box’s previous dividend of $2.90. This represents a yield of 3.49%. The ex-dividend date is Thursday, July 11th. Cake Box’s dividend payout ratio (DPR) is presently 7,272.73%.

Analysts Set New Price Targets

Separately, Shore Capital restated a “house stock” rating on shares of Cake Box in a research report on Wednesday, June 12th.

About Cake Box

Cake Box Holdings Plc, together with its subsidiaries, engages in the retail of fresh cream cakes in the United Kingdom. It offers cakes by celebration, cakes by design, and seasonal cakes, as well as wedding cakes. The company engages in the property rental activities. Cake Box Holdings Plc was founded in 2008 and is headquartered in London, the United Kingdom.