Patisserie Holdings PLC (LON:CAKE) insider Paul Edward May sold 1,000,000 shares of Patisserie stock in a transaction on Wednesday, July 18th. The shares were sold at an average price of GBX 418 ($5.41), for a total value of £4,180,000 ($5,411,003.24).

Patisserie traded down GBX 15 ($0.19), hitting GBX 425 ($5.50), on Friday, MarketBeat reports. 206,408 shares of the company’s stock were exchanged, compared to its average volume of 152,731. Patisserie Holdings PLC has a 12-month low of GBX 290 ($3.75) and a 12-month high of GBX 406 ($5.26).

The company also recently declared a dividend, which was paid on Friday, July 13th. Shareholders of record on Thursday, May 31st were given a dividend of GBX 1.44 ($0.02) per share. The ex-dividend date was Thursday, May 31st. This represents a yield of 0.33%.

Several research analysts recently weighed in on the company. Canaccord Genuity restated a “buy” rating and set a GBX 470 ($6.08) target price on shares of Patisserie in a research note on Tuesday, May 15th. Peel Hunt boosted their target price on Patisserie from GBX 450 ($5.83) to GBX 500 ($6.47) and gave the stock a “buy” rating in a research note on Tuesday, May 15th. Finally, Berenberg Bank boosted their target price on Patisserie from GBX 400 ($5.18) to GBX 460 ($5.95) and gave the stock a “buy” rating in a research note on Friday, May 18th.

About Patisserie

Patisserie Holdings plc, together with its subsidiaries, operates in the casual dining sector in the United Kingdom and the Republic of Ireland. The company's stores formats include cafés, concessions, brasseries, takeaways, kiosks, and an online channel. Its stores offer cakes, pastries, snacks, meals, and hot and cold drinks.

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