Insider Selling: The Cheesecake Factory Incorporated (CAKE) VP Sells 2,306 Shares of Stock

The Cheesecake Factory Incorporated (NASDAQ:CAKE) VP Debby R. Zurzolo sold 2,306 shares of the firm’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $44.75, for a total transaction of $103,193.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Debby R. Zurzolo also recently made the following trade(s):

  • On Thursday, November 9th, Debby R. Zurzolo sold 2,415 shares of The Cheesecake Factory stock. The shares were sold at an average price of $44.20, for a total transaction of $106,743.00.

Shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) traded up $1.53 during midday trading on Monday, reaching $49.56. 2,122,950 shares of the company were exchanged, compared to its average volume of 1,114,384. The Cheesecake Factory Incorporated has a fifty-two week low of $38.34 and a fifty-two week high of $67.14. The company has a market capitalization of $2,199.07, a P/E ratio of 17.59, a PEG ratio of 1.28 and a beta of 0.33. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.51 and a quick ratio of 0.37.

The Cheesecake Factory (NASDAQ:CAKE) last announced its earnings results on Wednesday, November 1st. The restaurant operator reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.04). The Cheesecake Factory had a return on equity of 21.65% and a net margin of 5.76%. The firm had revenue of $555.40 million for the quarter, compared to the consensus estimate of $566.09 million. During the same period in the prior year, the business earned $0.70 EPS. The Cheesecake Factory’s quarterly revenue was down .8% on a year-over-year basis. analysts anticipate that The Cheesecake Factory Incorporated will post 2.6 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 28th. Shareholders of record on Wednesday, November 15th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend was Tuesday, November 14th. The Cheesecake Factory’s dividend payout ratio (DPR) is currently 42.80%.

Institutional investors and hedge funds have recently bought and sold shares of the business. Victory Capital Management Inc. increased its stake in The Cheesecake Factory by 17.6% in the second quarter. Victory Capital Management Inc. now owns 3,216 shares of the restaurant operator’s stock valued at $162,000 after purchasing an additional 482 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in The Cheesecake Factory by 3.3% in the first quarter. PNC Financial Services Group Inc. now owns 3,420 shares of the restaurant operator’s stock valued at $218,000 after purchasing an additional 109 shares in the last quarter. Riverhead Capital Management LLC increased its stake in The Cheesecake Factory by 105.5% in the second quarter. Riverhead Capital Management LLC now owns 3,493 shares of the restaurant operator’s stock valued at $176,000 after purchasing an additional 1,793 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in The Cheesecake Factory in the second quarter valued at $205,000. Finally, LS Investment Advisors LLC increased its stake in The Cheesecake Factory by 17.0% in the second quarter. LS Investment Advisors LLC now owns 4,231 shares of the restaurant operator’s stock valued at $213,000 after purchasing an additional 615 shares in the last quarter. 97.55% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently issued reports on CAKE. Robert W. Baird reaffirmed a “neutral” rating and set a $49.00 price target (down previously from $57.00) on shares of The Cheesecake Factory in a research note on Wednesday, August 9th. Stephens reaffirmed an “equal weight” rating and set a $48.00 price target (down previously from $55.00) on shares of The Cheesecake Factory in a research note on Wednesday, August 9th. Barclays reaffirmed an “equal weight” rating and set a $48.00 price target (down previously from $53.00) on shares of The Cheesecake Factory in a research note on Wednesday, August 9th. Instinet reaffirmed a “neutral” rating and set a $44.00 price target (down previously from $50.00) on shares of The Cheesecake Factory in a research note on Wednesday, August 9th. Finally, Maxim Group reaffirmed a “buy” rating and set a $57.00 price target (down previously from $65.00) on shares of The Cheesecake Factory in a research note on Wednesday, August 9th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the company’s stock. The Cheesecake Factory has a consensus rating of “Hold” and a consensus target price of $48.00.

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The Cheesecake Factory Company Profile

The Cheesecake Factory Incorporated is engaged in the restaurant and bakery business. As of March 2, 2017, the Company operated 208 Company-owned restaurants: 194 under The Cheesecake Factory mark, 13 under the Grand Lux Cafe mark and one under the Rock Sugar Pan Asian Kitchen mark. The Company’s segments include The Cheesecake Factory restaurants, and other.

Insider Buying and Selling by Quarter for The Cheesecake Factory (NASDAQ:CAKE)

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