The Cheesecake Factory Incorporated (NASDAQ:CAKE) Shares Sold by Bamco Inc. NY

Bamco Inc. NY trimmed its position in The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 9.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,000,000 shares of the restaurant operator’s stock after selling 200,000 shares during the period. Bamco Inc. NY owned approximately 3.92% of Cheesecake Factory worth $81,100,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Pathstone Holdings LLC lifted its position in Cheesecake Factory by 0.9% in the third quarter. Pathstone Holdings LLC now owns 37,540 shares of the restaurant operator’s stock worth $1,522,000 after purchasing an additional 329 shares during the period. Arizona State Retirement System boosted its position in shares of Cheesecake Factory by 2.5% during the 2nd quarter. Arizona State Retirement System now owns 13,593 shares of the restaurant operator’s stock valued at $534,000 after purchasing an additional 337 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in shares of Cheesecake Factory by 2.2% in the 2nd quarter. Louisiana State Employees Retirement System now owns 23,600 shares of the restaurant operator’s stock worth $927,000 after purchasing an additional 500 shares during the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of Cheesecake Factory by 2.4% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 23,110 shares of the restaurant operator’s stock worth $937,000 after purchasing an additional 532 shares in the last quarter. Finally, Atria Investments Inc lifted its stake in Cheesecake Factory by 8.2% during the third quarter. Atria Investments Inc now owns 9,074 shares of the restaurant operator’s stock valued at $368,000 after purchasing an additional 689 shares during the last quarter. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Cheesecake Factory Trading Up 1.8 %

NASDAQ CAKE opened at $50.64 on Monday. The Cheesecake Factory Incorporated has a twelve month low of $30.96 and a twelve month high of $50.94. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.33 and a current ratio of 0.44. The stock has a market cap of $2.58 billion, a price-to-earnings ratio of 19.25, a PEG ratio of 1.39 and a beta of 1.47. The firm’s 50 day moving average price is $44.04 and its two-hundred day moving average price is $40.30.

Cheesecake Factory (NASDAQ:CAKE) last issued its earnings results on Tuesday, October 29th. The restaurant operator reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.11. The company had revenue of $865.50 million during the quarter, compared to analyst estimates of $866.13 million. Cheesecake Factory had a net margin of 3.63% and a return on equity of 43.90%. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter last year, the business posted $0.39 EPS. Equities analysts anticipate that The Cheesecake Factory Incorporated will post 3.3 EPS for the current year.

Cheesecake Factory Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Wednesday, November 13th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date was Wednesday, November 13th. Cheesecake Factory’s dividend payout ratio (DPR) is currently 41.06%.

Insider Buying and Selling at Cheesecake Factory

In other Cheesecake Factory news, insider Keith Carango sold 13,095 shares of Cheesecake Factory stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $49.88, for a total transaction of $653,178.60. Following the completion of the sale, the insider now owns 14,977 shares of the company’s stock, valued at $747,052.76. This trade represents a 46.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 8.10% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on CAKE shares. Wells Fargo & Company raised their target price on shares of Cheesecake Factory from $38.00 to $45.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Robert W. Baird raised their target price on shares of Cheesecake Factory from $40.00 to $47.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Barclays raised their target price on shares of Cheesecake Factory from $38.00 to $44.00 and gave the stock an “underweight” rating in a report on Wednesday, October 30th. StockNews.com cut shares of Cheesecake Factory from a “buy” rating to a “hold” rating in a report on Thursday. Finally, JPMorgan Chase & Co. reduced their target price on shares of Cheesecake Factory from $40.00 to $38.00 and set an “underweight” rating for the company in a report on Tuesday, August 6th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $44.75.

About Cheesecake Factory

The Cheesecake Factory Incorporated operates and licenses restaurants in the United States and Canada. The company operates bakeries that produce cheesecakes and other baked products for its restaurants, international licensees, third-party bakery customers, external foodservice operators, retailers, and distributors.