Axa increased its holdings in The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 413.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 117,100 shares of the restaurant operator’s stock after acquiring an additional 94,305 shares during the period. Axa owned about 0.25% of The Cheesecake Factory worth $5,890,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CAKE. BlackRock Inc. grew its holdings in The Cheesecake Factory by 21,381.3% during the first quarter. BlackRock Inc. now owns 4,842,308 shares of the restaurant operator’s stock valued at $306,812,000 after purchasing an additional 4,819,766 shares during the period. Vanguard Group Inc. grew its holdings in The Cheesecake Factory by 5.5% during the first quarter. Vanguard Group Inc. now owns 4,025,161 shares of the restaurant operator’s stock valued at $255,034,000 after purchasing an additional 210,618 shares during the period. Neuberger Berman Group LLC grew its holdings in The Cheesecake Factory by 15.7% during 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 purchasing an additional 291,097 shares during the period. Wellington Management Group LLP grew its holdings in The Cheesecake Factory by 3.9% during the first quarter. Wellington Management Group LLP now owns 1,846,350 shares of the restaurant operator’s stock valued at $116,985,000 after purchasing an additional 69,832 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC grew its holdings in The Cheesecake Factory by 11.3% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,587,785 shares of the restaurant operator’s stock valued at $79,866,000 after purchasing an additional 161,779 shares during the period. 96.38% of the stock is owned by institutional investors.

Several equities analysts have weighed in on the company. Stephens reissued an “equal weight” rating and set a $48.00 price objective (down from $55.00) on shares of The Cheesecake Factory in a report on Wednesday, August 9th. Maxim Group reissued a “buy” rating and set a $57.00 price objective (down from $65.00) on shares of The Cheesecake Factory in a report on Wednesday, August 9th. Barclays PLC reissued an “equal weight” rating and set a $48.00 price objective (down from $53.00) on shares of The Cheesecake Factory in a report on Thursday, August 3rd. Instinet reissued a “neutral” rating and set a $44.00 price objective (down from $50.00) on shares of The Cheesecake Factory in a report on Wednesday, August 9th. Finally, Canaccord Genuity reissued a “hold” rating on shares of The Cheesecake Factory in a report on Friday, August 4th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company. The Cheesecake Factory has a consensus rating of “Hold” and a consensus price target of $54.44.

Shares of The Cheesecake Factory Incorporated (CAKE) opened at 40.75 on Friday. The stock has a market cap of $1.87 billion, a P/E ratio of 14.25 and a beta of 0.34. The Cheesecake Factory Incorporated has a 12 month low of $38.34 and a 12 month high of $67.14. The company has a 50 day moving average price of $42.74 and a 200-day moving average price of $54.25.

The Cheesecake Factory (NASDAQ:CAKE) last released its 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 analysts’ expectations of $573.12 million. During the same quarter in the previous year, the company earned $0.78 EPS. The Cheesecake Factory’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, equities research analysts predict that The Cheesecake Factory Incorporated will post $2.66 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 29th. Investors of record on Wednesday, August 16th were paid a dividend of $0.29 per share. This is a boost from The Cheesecake Factory’s previous quarterly dividend of $0.24. The ex-dividend date was Monday, August 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.85%. The Cheesecake Factory’s payout ratio is 40.70%.

COPYRIGHT VIOLATION NOTICE: This piece was first posted by Daily Political and is the sole property of of Daily Political. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of US & international copyright and trademark legislation. The correct version of this piece can be read at https://www.dailypolitical.com/2017/09/16/the-cheesecake-factory-incorporated-cake-stake-boosted-by-axa.html.

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)

Receive News & Ratings for The Cheesecake Factory Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Cheesecake Factory Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.