Nationwide Fund Advisors increased its holdings in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 31.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 158,471 shares of the restaurant operator’s stock after acquiring an additional 37,693 shares during the period. Nationwide Fund Advisors owned about 0.35% of The Cheesecake Factory worth $6,675,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Victory Capital Management Inc. lifted its stake in shares of The Cheesecake Factory by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 3,216 shares of the restaurant operator’s stock valued at $162,000 after purchasing an additional 482 shares during the period. Riverhead Capital Management LLC lifted its stake in shares of The Cheesecake Factory by 105.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,493 shares of the restaurant operator’s stock valued at $176,000 after purchasing an additional 1,793 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new position in shares of The Cheesecake Factory in the 2nd quarter valued at $205,000. Advisors Asset Management Inc. lifted its stake in shares of The Cheesecake Factory by 7.1% in the 2nd quarter. Advisors Asset Management Inc. now owns 4,834 shares of the restaurant operator’s stock valued at $243,000 after purchasing an additional 320 shares during the period. Finally, BlueMountain Capital Management LLC acquired a new position in shares of The Cheesecake Factory in the 2nd quarter valued at $243,000. Institutional investors and hedge funds own 97.55% of the company’s stock.
Several analysts recently commented on the company. BTIG Research reaffirmed a “buy” rating and set a $50.00 price objective on shares of The Cheesecake Factory in a research note on Wednesday, September 20th. Maxim Group reaffirmed a “buy” rating and set a $57.00 price objective on shares of The Cheesecake Factory in a research note on Tuesday, September 12th. TheStreet cut The Cheesecake Factory from a “b-” rating to a “c+” rating in a report on Friday, August 25th. Barclays lowered their target price on The Cheesecake Factory from $48.00 to $46.00 and set an “equal weight” rating for the company in a report on Wednesday, October 18th. Finally, Stephens lowered their target price on The Cheesecake Factory from $48.00 to $45.00 and set an “equal weight” rating for the company in a report on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $48.00.
Shares of The Cheesecake Factory Incorporated (CAKE) opened at $48.42 on Tuesday. The company has a current ratio of 0.51, a quick ratio of 0.37 and a debt-to-equity ratio of 0.05. The stock has a market cap of $2,220.00, a P/E ratio of 17.76, a price-to-earnings-growth ratio of 1.29 and a beta of 0.33. The Cheesecake Factory Incorporated has a 1 year low of $38.34 and a 1 year high of $67.14.
The Cheesecake Factory (NASDAQ:CAKE) last issued its quarterly earnings data on Wednesday, November 1st. The restaurant operator reported $0.56 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.04). The company had revenue of $555.40 million for the quarter, compared to analyst estimates of $566.09 million. The Cheesecake Factory had a return on equity of 21.65% and a net margin of 5.76%. The company’s revenue was down .8% on a year-over-year basis. During the same quarter last year, the business earned $0.70 earnings per share. sell-side analysts anticipate that The Cheesecake Factory Incorporated will post 2.6 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 28th. Stockholders of record on Wednesday, November 15th were given a $0.29 dividend. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.40%. The Cheesecake Factory’s payout ratio is 42.80%.
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The Cheesecake Factory Profile
The Cheesecake Factory Incorporated is engaged in the restaurant and bakery business. As of March 2, 2017, the Company operated 208 Company-owned restaurants: 194 under The Cheesecake Factory mark, 13 under the Grand Lux Cafe mark and one under the Rock Sugar Pan Asian Kitchen mark. The Company’s segments include The Cheesecake Factory restaurants, and other.
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