Thrivent Financial for Lutherans increased its position in shares of Cheesecake Factory Inc (NASDAQ:CAKE) by 4.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,713 shares of the restaurant operator’s stock after buying an additional 428 shares during the period. Thrivent Financial for Lutherans’ holdings in Cheesecake Factory were worth $466,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in CAKE. Lindbrook Capital LLC purchased a new position in shares of Cheesecake Factory during the fourth quarter valued at $34,000. We Are One Seven LLC purchased a new position in shares of Cheesecake Factory during the fourth quarter valued at $51,000. Acadian Asset Management LLC grew its stake in Cheesecake Factory by 109.2% in the fourth quarter. Acadian Asset Management LLC now owns 1,920 shares of the restaurant operator’s stock valued at $84,000 after purchasing an additional 1,002 shares during the last quarter. Dupont Capital Management Corp purchased a new position in Cheesecake Factory in the fourth quarter valued at about $133,000. Finally, Advisor Group Inc. grew its stake in Cheesecake Factory by 127.5% in the fourth quarter. Advisor Group Inc. now owns 4,240 shares of the restaurant operator’s stock valued at $185,000 after purchasing an additional 2,376 shares during the last quarter. Hedge funds and other institutional investors own 98.26% of the company’s stock.
In other news, Chairman David Overton sold 159,297 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $47.63, for a total transaction of $7,587,316.11. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Cheryl Slomann sold 1,000 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $46.36, for a total value of $46,360.00. The disclosure for this sale can be found here. 8.80% of the stock is currently owned by insiders.
Several research firms have issued reports on CAKE. BidaskClub upgraded Cheesecake Factory from a “strong sell” rating to a “sell” rating in a research note on Thursday, April 4th. Maxim Group reiterated a “buy” rating and issued a $55.00 target price on shares of Cheesecake Factory in a research note on Friday, February 15th. Bank of America reiterated a “neutral” rating and issued a $50.00 target price (down previously from $56.00) on shares of Cheesecake Factory in a research note on Thursday, February 21st. Finally, Raymond James upgraded Cheesecake Factory from a “market perform” rating to an “outperform” rating in a research note on Tuesday, January 8th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $53.09.
CAKE opened at $47.63 on Monday. Cheesecake Factory Inc has a 1 year low of $41.63 and a 1 year high of $60.19. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.38 and a current ratio of 0.47. The stock has a market capitalization of $2.13 billion, a price-to-earnings ratio of 19.60, a P/E/G ratio of 1.39 and a beta of 0.35.
Cheesecake Factory (NASDAQ:CAKE) last posted its earnings results on Wednesday, February 20th. The restaurant operator reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.01). Cheesecake Factory had a net margin of 4.21% and a return on equity of 18.78%. The company had revenue of $585.16 million during the quarter, compared to analysts’ expectations of $593.71 million. During the same quarter last year, the firm earned $0.53 EPS. Cheesecake Factory’s revenue for the quarter was up 2.3% on a year-over-year basis. Sell-side analysts predict that Cheesecake Factory Inc will post 2.62 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Monday, March 4th were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.77%. Cheesecake Factory’s payout ratio is 54.32%.
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About 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 November 20, 2018, it operated 217 company-owned restaurants, including 201 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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