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An update from Guzman y Gomez Ltd. ( (AU:GYG) ) is now available.
Guzman y Gomez has disclosed a change in the holdings of director Steven Marks, who has increased his directly held ordinary shares through the exercise of options. Marks converted 1,030,750 options into the same number of fully paid ordinary shares at $15.828 per share, taking his direct shareholding to 3,273,000 shares and eliminating his option position.
His indirect holdings via family entities remain unchanged, with significant stakes held through the Marks Family Superfund and the Marks Family Trust. The transaction, which occurred with prior written clearance during a closed period, consolidates Marks’ exposure in the company’s equity and may be seen as a signal of confidence in Guzman y Gomez’s long-term prospects by a key insider.
The most recent analyst rating on (AU:GYG) stock is a Hold with a A$22.00 price target. To see the full list of analyst forecasts on Guzman y Gomez Ltd. stock, see the AU:GYG Stock Forecast page.
More about Guzman y Gomez Ltd.
Guzman y Gomez Limited is an Australian-based fast-casual restaurant company specialising in Mexican cuisine. The group operates a network of outlets serving burritos, tacos and related menu items, targeting value-conscious diners in the quick-service and fast-casual dining segments.
Average Trading Volume: 255,610
Technical Sentiment Signal: Sell
Current Market Cap: A$2.08B
For detailed information about GYG stock, go to TipRanks’ Stock Analysis page.