Quantbot Technologies LP Makes New Investment in The Cheesecake Factory Incorporated $CAKE

Quantbot Technologies LP bought a new position in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) during the second quarter, Holdings Channel reports. The institutional investor bought 5,454 shares of the restaurant operator’s stock, valued at approximately $434,000.

Other large investors also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Cheesecake Factory by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,742 shares of the restaurant operator’s stock worth $1,399,000 after acquiring an additional 1,268 shares during the period. Woodline Partners LP boosted its stake in Cheesecake Factory by 30.9% in the first quarter. Woodline Partners LP now owns 92,664 shares of the restaurant operator’s stock valued at $4,509,000 after acquiring an additional 21,887 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Cheesecake Factory by 8.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 109,800 shares of the restaurant operator’s stock valued at $5,343,000 after acquiring an additional 8,592 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Cheesecake Factory by 32.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,333 shares of the restaurant operator’s stock valued at $83,000 after purchasing an additional 323 shares during the last quarter. Finally, First Trust Advisors LP raised its position in shares of Cheesecake Factory by 5.0% during the 2nd quarter. First Trust Advisors LP now owns 112,020 shares of the restaurant operator’s stock worth $7,019,000 after purchasing an additional 5,326 shares during the period. 94.48% of the stock is currently owned by institutional investors.

Cheesecake Factory Stock Performance

CAKE stock opened at $112.07 on Friday. The company has a 50-day simple moving average of $94.09 and a 200 day simple moving average of $73.25. The company has a market capitalization of $5.58 billion, a P/E ratio of 30.37, a PEG ratio of 1.95 and a beta of 1.00. The company has a quick ratio of 0.52, a current ratio of 0.59 and a debt-to-equity ratio of 1.08. The Cheesecake Factory Incorporated has a fifty-two week low of $43.07 and a fifty-two week high of $118.46.

Cheesecake Factory (NASDAQ:CAKE) last released its earnings results on Tuesday, July 28th. The restaurant operator reported $1.44 EPS for the quarter, beating the consensus estimate of $1.18 by $0.26. Cheesecake Factory had a net margin of 4.61% and a return on equity of 43.97%. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $999.54 million. During the same quarter last year, the company earned $1.16 EPS. Cheesecake Factory’s quarterly revenue was up 7.7% on a year-over-year basis. Sell-side analysts predict that The Cheesecake Factory Incorporated will post 4.52 earnings per share for the current fiscal year.

Cheesecake Factory Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Tuesday, August 11th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Tuesday, August 11th. Cheesecake Factory’s dividend payout ratio (DPR) is currently 32.52%.

Insider Activity

In other Cheesecake Factory news, Director Janice L. Meyer sold 1,958 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $109.36, for a total value of $214,126.88. Following the completion of the sale, the director directly owned 21,251 shares in the company, valued at $2,324,009.36. This represents a 8.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman David Overton sold 94,145 shares of the stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $106.27, for a total value of $10,004,789.15. Following the transaction, the chairman directly owned 89,805 shares of the company’s stock, valued at approximately $9,543,577.35. The trade was a 51.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 216,239 shares of company stock valued at $22,463,500 over the last 90 days. Corporate insiders own 8.00% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on CAKE. Jefferies Financial Group lowered Cheesecake Factory from a “buy” rating to a “hold” rating and boosted their price objective for the company from $75.00 to $88.00 in a research report on Wednesday, July 29th. UBS Group increased their target price on Cheesecake Factory from $53.00 to $60.00 and gave the stock a “sell” rating in a research report on Thursday, July 23rd. Weiss Ratings raised shares of Cheesecake Factory from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, August 13th. Morgan Stanley upgraded shares of Cheesecake Factory from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $50.00 to $80.00 in a research report on Wednesday, July 29th. Finally, Oppenheimer increased their price objective on shares of Cheesecake Factory from $91.00 to $101.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $83.47.

About Cheesecake Factory

The Cheesecake Factory Incorporated (NASDAQ:CAKE) is an American restaurant company and distributor renowned for its full-service casual-dining concept and specialty cheesecakes. Headquartered in Calabasas Hills, California, the company operates more than 200 restaurants under The Cheesecake Factory® brand across the United States, Puerto Rico and select international markets. In addition to sit-down dining, Cheesecake Factory franchised locations offer catering and take-out services, while a separate manufacturing arm supplies branded cheesecakes and desserts to supermarkets, hotels and other foodservice operators.

The origins of the brand trace back to a small cheesecake bakery founded in Detroit in the 1940s.