Comerica Bank raised its position in The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 1.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,617 shares of the restaurant operator’s stock after buying an additional 381 shares during the period. Comerica Bank owned 0.06% of The Cheesecake Factory worth $1,360,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in CAKE. BlackRock Inc. boosted its position in The Cheesecake Factory by 21,381.3% in the first quarter. BlackRock Inc. now owns 4,842,308 shares of the restaurant operator’s stock valued at $306,812,000 after buying an additional 4,819,766 shares in the last quarter. FMR LLC boosted its position in The Cheesecake Factory by 445.8% in the first quarter. FMR LLC now owns 545,840 shares of the restaurant operator’s stock valued at $34,584,000 after buying an additional 445,840 shares in the last quarter. AQR Capital Management LLC boosted its position in The Cheesecake Factory by 52.2% in the first quarter. AQR Capital Management LLC now owns 1,125,972 shares of the restaurant operator’s stock valued at $71,342,000 after buying an additional 386,165 shares in the last quarter. UBS Asset Management Americas Inc. boosted its position in The Cheesecake Factory by 367.8% in the first quarter. UBS Asset Management Americas Inc. now owns 379,140 shares of the restaurant operator’s stock valued at $24,022,000 after buying an additional 298,089 shares in the last quarter. Finally, Neuberger Berman Group LLC boosted its position in The Cheesecake Factory by 15.7% in the first quarter. Neuberger Berman Group LLC now owns 2,141,608 shares of the restaurant operator’s stock valued at $135,692,000 after buying an additional 291,097 shares in the last quarter. Hedge funds and other institutional investors own 96.38% of the company’s stock.

Shares of The Cheesecake Factory Incorporated (NASDAQ CAKE) opened at 40.24 on Friday. The company’s 50 day moving average is $42.97 and its 200-day moving average is $54.40. The Cheesecake Factory Incorporated has a 1-year low of $38.34 and a 1-year high of $67.14. The company has a market capitalization of $1.85 billion, a P/E ratio of 14.07 and a beta of 0.34.

The Cheesecake Factory (NASDAQ:CAKE) last posted its quarterly earnings results on Wednesday, August 2nd. The restaurant operator reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.02. The Cheesecake Factory had a net margin of 6.10% and a return on equity of 22.92%. The company had revenue of $569.87 million for the quarter, compared to the consensus estimate of $573.12 million. During the same period last year, the company posted $0.78 EPS. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, equities research analysts forecast that The Cheesecake Factory Incorporated will post $2.66 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 29th. Investors of record on Wednesday, August 16th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date of this dividend was Monday, August 14th. This is a positive change from The Cheesecake Factory’s previous quarterly dividend of $0.24. The Cheesecake Factory’s dividend payout ratio (DPR) is 40.70%.

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A number of research firms have commented on CAKE. Jefferies Group LLC upgraded shares of The Cheesecake Factory from an “underperform” rating to a “hold” rating and set a $52.00 price target on the stock in a research report on Tuesday, June 13th. They noted that the move was a valuation call. Robert W. Baird restated a “neutral” rating and issued a $57.00 price target (down from $60.00) on shares of The Cheesecake Factory in a research report on Wednesday, June 14th. Morgan Stanley restated an “equal weight” rating and issued a $56.00 price target (down from $62.00) on shares of The Cheesecake Factory in a research report on Wednesday, June 14th. Bank of America Corporation restated a “neutral” rating and issued a $62.00 price target (down from $67.00) on shares of The Cheesecake Factory in a research report on Wednesday, June 14th. Finally, Argus lowered shares of The Cheesecake Factory from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $54.44.

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.

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

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