Sciencast Management LP acquired a new position in shares of The Cheesecake Factory (NASDAQ:CAKE) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,200 shares of the restaurant operator’s stock, valued at approximately $300,000.
A number of other institutional investors have also recently modified their holdings of CAKE. Tiedemann Wealth Management LLC boosted its stake in The Cheesecake Factory by 22.9% in the third quarter. Tiedemann Wealth Management LLC now owns 17,347 shares of the restaurant operator’s stock valued at $134,000 after acquiring an additional 3,237 shares during the last quarter. Perennial Advisors LLC raised its holdings in The Cheesecake Factory by 123.1% in the fourth quarter. Perennial Advisors LLC now owns 2,900 shares of the restaurant operator’s stock worth $140,000 after purchasing an additional 1,600 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its holdings in The Cheesecake Factory by 328.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,435 shares of the restaurant operator’s stock worth $214,000 after purchasing an additional 3,400 shares during the period. Atria Investments LLC acquired a new stake in The Cheesecake Factory in the fourth quarter worth $255,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in The Cheesecake Factory in the fourth quarter worth $256,000. 97.62% of the stock is currently owned by hedge funds and other institutional investors.
CAKE has been the topic of a number of research analyst reports. TheStreet upgraded shares of The Cheesecake Factory from a “c+” rating to a “b” rating in a report on Friday, January 5th. Bank of America dropped their price objective on shares of The Cheesecake Factory from $54.00 to $52.00 and set a “neutral” rating on the stock in a report on Thursday, February 22nd. BidaskClub raised shares of The Cheesecake Factory from a “sell” rating to a “hold” rating in a research report on Tuesday, March 6th. BTIG Research raised their target price on shares of The Cheesecake Factory to $55.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Finally, Telsey Advisory Group downgraded shares of The Cheesecake Factory from an “outperform” rating to a “market perform” rating and set a $48.00 price objective for the company. in a research report on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and three have given a buy rating to the stock. The Cheesecake Factory presently has an average rating of “Hold” and an average target price of $48.18.
Shares of NASDAQ:CAKE traded up $0.32 during trading on Friday, reaching $52.06. The stock had a trading volume of 2,026,360 shares, compared to its average volume of 889,756. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.42 and a current ratio of 0.52. The Cheesecake Factory has a 52 week low of $38.34 and a 52 week high of $67.14. The firm has a market cap of $2,389.55, a P/E ratio of 20.02, a P/E/G ratio of 1.33 and a beta of 0.29.
The Cheesecake Factory (NASDAQ:CAKE) last released its earnings results on Wednesday, February 21st. The restaurant operator reported $0.53 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.53. The Cheesecake Factory had a net margin of 6.96% and a return on equity of 20.30%. The company had revenue of $571.80 million for the quarter, compared to the consensus estimate of $567.80 million. During the same quarter in the previous year, the company earned $0.67 EPS. The Cheesecake Factory’s quarterly revenue was down 5.2% compared to the same quarter last year. sell-side analysts anticipate that The Cheesecake Factory will post 2.73 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 20th. Shareholders of record on Wednesday, February 28th were issued a dividend of $0.29 per share. The ex-dividend date was Tuesday, February 27th. This represents a $1.16 annualized dividend and a yield of 2.23%. The Cheesecake Factory’s payout ratio is 44.62%.
In other The Cheesecake Factory news, insider Cheryl Slomann sold 5,500 shares of the company’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $49.87, for a total transaction of $274,285.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 8.40% of the company’s stock.
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About The Cheesecake Factory
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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