Deutsche Bank AG grew its position in The Cheesecake Factory (NASDAQ:CAKE) by 62.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,006,212 shares of the restaurant operator’s stock after purchasing an additional 386,415 shares during the period. Deutsche Bank AG owned about 2.20% of The Cheesecake Factory worth $48,478,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the business. Victory Capital Management Inc. increased its position in The Cheesecake Factory by 6.5% in the 4th quarter. Victory Capital Management Inc. now owns 19,624 shares of the restaurant operator’s stock worth $945,000 after purchasing an additional 1,191 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of The Cheesecake Factory by 5.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 23,787 shares of the restaurant operator’s stock worth $1,002,000 after acquiring an additional 1,213 shares in the last quarter. Systematic Financial Management LP boosted its stake in shares of The Cheesecake Factory by 4.0% during the 3rd quarter. Systematic Financial Management LP now owns 35,760 shares of the restaurant operator’s stock worth $1,506,000 after acquiring an additional 1,360 shares in the last quarter. American International Group Inc. boosted its stake in shares of The Cheesecake Factory by 1.2% during the 3rd quarter. American International Group Inc. now owns 119,544 shares of the restaurant operator’s stock worth $5,035,000 after acquiring an additional 1,440 shares in the last quarter. Finally, Perennial Advisors LLC boosted its stake in shares of The Cheesecake Factory by 123.1% during the 4th quarter. Perennial Advisors LLC now owns 2,900 shares of the restaurant operator’s stock worth $140,000 after acquiring an additional 1,600 shares in the last quarter. 97.62% of the stock is currently owned by institutional investors.
NASDAQ:CAKE traded up $0.32 during mid-day trading on Friday, hitting $52.06. 2,026,360 shares of the company’s stock traded hands, compared to its average volume of 889,756. The Cheesecake Factory has a 12 month low of $38.34 and a 12 month high of $67.14. The company has a market cap of $2,374.85, a price-to-earnings ratio of 20.02, a PEG ratio of 1.32 and a beta of 0.29. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 0.02.
The Cheesecake Factory (NASDAQ:CAKE) last announced its earnings results on Wednesday, February 21st. The restaurant operator reported $0.53 earnings per share for the quarter, meeting the consensus estimate of $0.53. The Cheesecake Factory had a return on equity of 20.30% and a net margin of 6.96%. The firm had revenue of $571.80 million during the quarter, compared to the consensus estimate of $567.80 million. During the same quarter in the prior year, the company earned $0.67 EPS. The firm’s revenue for the quarter was down 5.2% compared to the same quarter last year. analysts anticipate that The Cheesecake Factory will post 2.73 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 20th. Shareholders of record on Wednesday, February 28th were given a $0.29 dividend. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.23%. The Cheesecake Factory’s dividend payout ratio is currently 44.62%.
In other The Cheesecake Factory news, insider Cheryl Slomann sold 5,500 shares of the firm’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $49.87, for a total value of $274,285.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 8.40% of the stock is currently owned by company insiders.
Several analysts have recently issued reports on the company. Zacks Investment Research upgraded The Cheesecake Factory from a “sell” rating to a “hold” rating in a research note on Thursday, January 4th. Piper Jaffray upped their price target on The Cheesecake Factory from $45.00 to $52.00 and gave the stock an “overweight” rating in a research note on Monday, January 8th. Canaccord Genuity reiterated a “hold” rating and set a $54.00 price target on shares of The Cheesecake Factory in a research note on Monday, January 8th. BidaskClub upgraded The Cheesecake Factory from a “sell” rating to a “hold” rating in a research note on Friday, January 26th. Finally, Barclays upped their price target on The Cheesecake Factory from $47.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $48.18.
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The Cheesecake Factory Profile
The Cheesecake Factory Incorporated operates restaurants in the United States. The company produces cheesecakes and other baked products for own restaurants and international licensees, as well as external foodservice operators, retailers, and distributors. As of February 28, 2018, it operated 214 company-owned restaurants, including 199 restaurants under The Cheesecake Factory brand; 13 restaurants under the Grand Lux Cafe brand; and 2 restaurants under the RockSugar Southeast Asian Kitchen brand, as well as 20 The Cheesecake Factory branded restaurants under licensing agreements internationally.
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