Rhumbline Advisers decreased its holdings in Cheesecake Factory Inc (NASDAQ:CAKE) by 9.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 88,599 shares of the restaurant operator’s stock after selling 9,335 shares during the quarter. Rhumbline Advisers’ holdings in Cheesecake Factory were worth $4,744,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Itau Unibanco Holding S.A. acquired a new stake in shares of Cheesecake Factory in the 2nd quarter valued at $156,000. NumerixS Investment Technologies Inc increased its stake in shares of Cheesecake Factory by 2,900.0% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 3,000 shares of the restaurant operator’s stock valued at $168,000 after buying an additional 2,900 shares during the period. Advisors Asset Management Inc. increased its stake in shares of Cheesecake Factory by 452.7% in the 2nd quarter. Advisors Asset Management Inc. now owns 22,504 shares of the restaurant operator’s stock valued at $202,000 after buying an additional 18,432 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in shares of Cheesecake Factory in the 2nd quarter valued at $226,000. Finally, Perennial Advisors LLC increased its stake in shares of Cheesecake Factory by 35.1% in the 2nd quarter. Perennial Advisors LLC now owns 5,000 shares of the restaurant operator’s stock valued at $275,000 after buying an additional 1,300 shares during the period. Hedge funds and other institutional investors own 99.44% of the company’s stock.
Shares of Cheesecake Factory stock opened at $45.89 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.45 and a debt-to-equity ratio of 0.03. Cheesecake Factory Inc has a 12 month low of $43.26 and a 12 month high of $60.19. The firm has a market cap of $2.11 billion, a P/E ratio of 19.72, a P/E/G ratio of 1.32 and a beta of 0.31.
Cheesecake Factory (NASDAQ:CAKE) last announced its quarterly earnings data on Tuesday, October 30th. The restaurant operator reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.04. Cheesecake Factory had a return on equity of 18.02% and a net margin of 6.02%. The business had revenue of $580.88 million during the quarter, compared to analysts’ expectations of $585.44 million. During the same period in the previous year, the firm earned $0.56 earnings per share. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Cheesecake Factory Inc will post 2.44 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 27th. Investors of record on Wednesday, November 14th were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, November 13th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.88%. Cheesecake Factory’s dividend payout ratio (DPR) is presently 50.77%.
In related news, insider Cheryl Slomann sold 7,500 shares of Cheesecake Factory stock in a transaction on Tuesday, November 20th. The stock was sold at an average price of $49.21, for a total transaction of $369,075.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 8.80% of the stock is owned by insiders.
Several equities research analysts have recently commented on the company. BidaskClub raised Cheesecake Factory from a “hold” rating to a “buy” rating in a research note on Friday, November 16th. Loop Capital assumed coverage on Cheesecake Factory in a research note on Wednesday, October 24th. They issued a “hold” rating and a $55.00 target price for the company. ValuEngine cut Cheesecake Factory from a “buy” rating to a “hold” rating in a research note on Thursday, November 1st. Gordon Haskett assumed coverage on Cheesecake Factory in a research note on Thursday, October 18th. They issued a “hold” rating and a $53.00 target price for the company. Finally, Barclays cut Cheesecake Factory from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $51.00 to $47.00 in a research note on Monday, November 12th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and one has given a buy rating to the company. Cheesecake Factory has an average rating of “Hold” and a consensus price target of $52.47.
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Cheesecake Factory Company 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 August 21, 2018, it operated 215 company-owned restaurants, including 199 restaurants under The Cheesecake Factory brand; 14 restaurants under the Grand Lux Cafe brand; and 2 restaurants under the RockSugar Southeast Asian Kitchen brand, as well as 21 The Cheesecake Factory branded restaurants under licensing agreements internationally.
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