Patisserie Holdings PLC (LON:CAKE) insider Christopher David Marsh sold 666,666 shares of the stock in a transaction on Friday, February 2nd. The shares were sold at an average price of GBX 360 ($5.05), for a total value of £2,399,997.60 ($3,365,111.61).

Patisserie Holdings PLC (CAKE) opened at GBX 347 ($4.87) on Thursday. Patisserie Holdings PLC has a twelve month low of GBX 290 ($4.07) and a twelve month high of GBX 406 ($5.69). The firm has a market capitalization of $341.85 and a price-to-earnings ratio of 2,168.75.

The business also recently declared a dividend, which will be paid on Friday, February 9th. Stockholders of record on Thursday, January 11th will be issued a GBX 2.40 ($0.03) dividend. This is a positive change from Patisserie’s previous dividend of $1.20. This represents a dividend yield of 0.64%. The ex-dividend date of this dividend is Thursday, January 11th.

Several brokerages have weighed in on CAKE. Peel Hunt raised Patisserie to a “buy” rating and increased their price objective for the company from GBX 425 ($5.96) to GBX 450 ($6.31) in a report on Tuesday, January 2nd. Berenberg Bank reissued a “buy” rating and set a GBX 400 ($5.61) price objective on shares of Patisserie in a report on Tuesday, November 28th. Canaccord Genuity increased their price objective on Patisserie from GBX 405 ($5.68) to GBX 470 ($6.59) and gave the company a “buy” rating in a report on Monday, November 27th. Finally, FinnCap reissued a “buy” rating and set a GBX 360 ($5.05) price objective on shares of Patisserie in a report on Monday, November 27th. Five investment analysts have rated the stock with a buy rating, Patisserie currently has an average rating of “Buy” and a consensus target price of GBX 420 ($5.89).

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Patisserie Company Profile

Patisserie Holdings PLC is a United Kingdom-based cafe and casual dining company. The Company offers cakes, pastries, snacks, meals, and hot and cold drinks across the United Kingdom. The Company’s segments include Patisserie Valerie, Druckers, Baker & Spice, Flour Power and Philpotts. It offers products, such as coffee, dairy, fruit, packaging, cocoa and wheat items.

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