Cake Box Holdings Plc (LON:CBOX – Get Free Report) dropped 1.7% during trading on Wednesday . The company traded as low as GBX 170 ($2.17) and last traded at GBX 172 ($2.20). Approximately 23,891 shares changed hands during trading, a decline of 65% from the average daily volume of 69,183 shares. The stock had previously closed at GBX 175 ($2.23).
Analysts Set New Price Targets
Separately, Shore Capital reissued a “house stock” rating on shares of Cake Box in a report on Wednesday, June 12th.
Read Our Latest Analysis on CBOX
Cake Box Stock Performance
Cake Box Increases Dividend
The business also recently disclosed a dividend, which was paid on Tuesday, August 6th. Shareholders of record on Thursday, July 11th were paid 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 was Thursday, July 11th. Cake Box’s payout ratio is presently 8,181.82%.
Insider Activity
In related news, insider Sukh Ram Chamda bought 50,000 shares of the business’s stock in a transaction dated Wednesday, June 26th. The shares were purchased at an average price of GBX 174 ($2.22) per share, with a total value of £87,000 ($111,082.74). Corporate insiders own 38.90% of the company’s stock.
Cake Box Company Profile
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.
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