Schroder Investment Management Group Raises Holdings in The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Schroder Investment Management Group increased its holdings in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 1.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 666,077 shares of the restaurant operator’s stock after acquiring an additional 10,831 shares during the quarter. Schroder Investment Management Group owned approximately 1.42% of The Cheesecake Factory worth $27,928,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Victory Capital Management Inc. boosted its holdings in shares of The Cheesecake Factory by 17.6% in the second quarter. Victory Capital Management Inc. now owns 3,216 shares of the restaurant operator’s stock valued at $162,000 after acquiring an additional 482 shares in the last quarter. Riverhead Capital Management LLC boosted its holdings in The Cheesecake Factory by 105.5% during the second quarter. Riverhead Capital Management LLC now owns 3,493 shares of the restaurant operator’s stock worth $176,000 after buying an additional 1,793 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in The Cheesecake Factory during the second quarter worth approximately $205,000. LS Investment Advisors LLC boosted its holdings in The Cheesecake Factory by 17.0% during the second quarter. LS Investment Advisors LLC now owns 4,231 shares of the restaurant operator’s stock worth $213,000 after buying an additional 615 shares in the last quarter. Finally, BlueMountain Capital Management LLC bought a new stake in The Cheesecake Factory during the second quarter worth approximately $243,000. Institutional investors own 97.55% of the company’s stock.

Several equities research analysts recently commented on the stock. Robert W. Baird restated a “hold” rating and issued a $46.00 price target on shares of The Cheesecake Factory in a research report on Friday, November 3rd. Barclays cut their price target on shares of The Cheesecake Factory from $46.00 to $43.00 and set an “equal weight” rating on the stock in a report on Thursday, November 2nd. Morgan Stanley cut their price target on shares of The Cheesecake Factory from $48.00 to $44.00 and set an “equal weight” rating on the stock in a report on Thursday, November 2nd. Nomura cut their price target on shares of The Cheesecake Factory from $43.00 to $40.00 and set a “neutral” rating on the stock in a report on Thursday, November 2nd. Finally, Zacks Investment Research upgraded shares of The Cheesecake Factory from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the company. The Cheesecake Factory has an average rating of “Hold” and an average target price of $48.00.

In other news, Director Herbert Simon acquired 25,000 shares of The Cheesecake Factory stock in a transaction on Monday, November 6th. The shares were purchased at an average cost of $43.50 per share, for a total transaction of $1,087,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Debby R. Zurzolo sold 2,306 shares of the stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $44.75, for a total transaction of $103,193.50. The disclosure for this sale can be found here. Insiders own 8.40% of the company’s stock.

The Cheesecake Factory Incorporated (CAKE) opened at $48.20 on Wednesday. The Cheesecake Factory Incorporated has a 12 month low of $38.34 and a 12 month high of $67.14. The firm has a market cap of $2,216.92, a PE ratio of 17.74, a price-to-earnings-growth ratio of 1.29 and a beta of 0.33. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.51 and a quick ratio of 0.37.

The Cheesecake Factory (NASDAQ:CAKE) last announced its earnings results on Wednesday, November 1st. The restaurant operator reported $0.56 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.04). The company had revenue of $555.40 million during the quarter, compared to the consensus estimate 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 period in the prior year, the firm posted $0.70 earnings per share. sell-side analysts anticipate that The Cheesecake Factory Incorporated will post 2.6 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 28th. Stockholders of record on Wednesday, November 15th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 2.41%. The ex-dividend date was Tuesday, November 14th. The Cheesecake Factory’s dividend payout ratio (DPR) is presently 42.80%.

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About The Cheesecake Factory

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.

Institutional Ownership by Quarter for The Cheesecake Factory (NASDAQ:CAKE)

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