Insider Buying: Cake Box Holdings Plc (LON:CBOX) Insider Buys £87,000 in Stock

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

Cake Box Stock Up 0.6 %

Shares of CBOX stock opened at GBX 180 ($2.28) on Friday. The company has a 50 day simple moving average of GBX 170.10 and a two-hundred day simple moving average of GBX 169.32. The stock has a market cap of £72 million, a P/E ratio of 1,636.36 and a beta of 1.22. Cake Box Holdings Plc has a 12 month low of GBX 130 ($1.65) and a 12 month high of GBX 190 ($2.41). The company has a current ratio of 2.93, a quick ratio of 1.99 and a debt-to-equity ratio of 21.68.

Cake Box Increases Dividend

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

Analysts Set New Price Targets

Separately, Shore Capital reissued 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.