Macquarie Group Ltd. increased its holdings in shares of Cheesecake Factory Inc (NASDAQ:CAKE) by 2.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,488,457 shares of the restaurant operator’s stock after purchasing an additional 35,071 shares during the period. Macquarie Group Ltd. owned approximately 3.25% of Cheesecake Factory worth $71,714,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in CAKE. Tiedemann Wealth Management LLC lifted its holdings in shares of Cheesecake Factory by 22.9% during the 3rd quarter. Tiedemann Wealth Management LLC now owns 17,347 shares of the restaurant operator’s stock valued at $134,000 after purchasing an additional 3,237 shares in the last quarter. Perennial Advisors LLC lifted its holdings in shares of Cheesecake Factory by 123.1% during the 4th quarter. Perennial Advisors LLC now owns 2,900 shares of the restaurant operator’s stock valued at $140,000 after purchasing an additional 1,600 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of Cheesecake Factory by 328.5% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,435 shares of the restaurant operator’s stock valued at $214,000 after purchasing an additional 3,400 shares in the last quarter. Atria Investments LLC bought a new position in shares of Cheesecake Factory during the 4th quarter valued at about $255,000. Finally, Raymond James Financial Services Advisors Inc. bought a new position in shares of Cheesecake Factory during the 4th quarter valued at about $256,000. Institutional investors and hedge funds own 97.62% of the company’s stock.
Several equities analysts have recently weighed in on CAKE shares. TheStreet upgraded Cheesecake Factory from a “c+” rating to a “b” rating in a report on Friday, January 5th. Zacks Investment Research upgraded Cheesecake Factory from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a report on Tuesday, February 6th. BTIG Research lifted their price objective on Cheesecake Factory to $55.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. Morgan Stanley reiterated an “equal weight” rating and set a $49.00 price objective (down previously from $50.00) on shares of Cheesecake Factory in a report on Thursday, February 22nd. Finally, Barclays reiterated an “equal weight” rating and set a $47.00 price objective (up previously from $43.00) on shares of Cheesecake Factory in a report on Tuesday, January 16th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $48.18.
Shares of Cheesecake Factory Inc (NASDAQ:CAKE) opened at $47.85 on Friday. The company has a market capitalization of $2,185.74, a P/E ratio of 14.54, a price-to-earnings-growth ratio of 1.21 and a beta of 0.37. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.52 and a quick ratio of 0.42. Cheesecake Factory Inc has a 12 month low of $38.34 and a 12 month high of $67.14.
Cheesecake Factory (NASDAQ:CAKE) last released its earnings results on Wednesday, February 21st. The restaurant operator reported $0.53 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.53. The firm had revenue of $571.80 million for the quarter, compared to analysts’ expectations of $567.80 million. Cheesecake Factory had a return on equity of 20.30% and a net margin of 6.96%. The business’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.67 EPS. equities research analysts expect that Cheesecake Factory Inc will post 2.73 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 20th. Shareholders of record on Wednesday, February 28th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 2.42%. The ex-dividend date is Tuesday, February 27th. Cheesecake Factory’s dividend payout ratio (DPR) is 35.26%.
Cheesecake Factory Company 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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