Crystal Rock Capital Management continued to hold its stake in The Cheesecake Factory Incorporated (NASDAQ:CAKE) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 62,152 shares of the restaurant operator’s stock at the close of the 2nd quarter. The Cheesecake Factory makes up about 2.0% of Crystal Rock Capital Management’s investment portfolio, making the stock its 21st largest position. Crystal Rock Capital Management owned approximately 0.13% of The Cheesecake Factory worth $3,126,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of CAKE. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of The Cheesecake Factory by 32.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,621 shares of the restaurant operator’s stock worth $103,000 after buying an additional 395 shares during the last quarter. Parallel Advisors LLC lifted its stake in shares of The Cheesecake Factory by 13.5% in the first quarter. Parallel Advisors LLC now owns 1,974 shares of the restaurant operator’s stock worth $132,000 after buying an additional 235 shares during the last quarter. Victory Capital Management Inc. lifted its stake 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 worth $162,000 after buying an additional 482 shares during the last quarter. Riverhead Capital Management LLC lifted its stake in shares of The Cheesecake Factory by 105.5% in 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 during the last quarter. Finally, Neuburgh Advisers LLC lifted its stake in shares of The Cheesecake Factory by 1.1% in the first quarter. Neuburgh Advisers LLC now owns 3,264 shares of the restaurant operator’s stock worth $207,000 after buying an additional 34 shares during the last quarter. Institutional investors and hedge funds own 96.22% of the company’s stock.

CAKE has been the subject of a number of analyst reports. Telsey Advisory Group reduced their price objective on shares of The Cheesecake Factory from $66.00 to $62.00 and set an “outperform” rating for the company in a research note on Wednesday, June 14th. TheStreet cut shares of The Cheesecake Factory from a “b-” rating to a “c+” rating in a research note on Friday, August 25th. Goldman Sachs Group, Inc. (The) reduced their price objective on shares of The Cheesecake Factory from $56.00 to $48.00 and set a “sell” rating for the company in a research note on Wednesday, June 21st. Nomura initiated coverage on shares of The Cheesecake Factory in a research note on Wednesday, July 12th. They issued a “neutral” rating and a $50.00 price objective for the company. Finally, Instinet initiated coverage on shares of The Cheesecake Factory in a research note on Wednesday, July 12th. They issued a “neutral” rating and a $50.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $54.44.

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Shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) traded down 0.37% during midday trading on Monday, reaching $40.60. 348,820 shares of the company’s stock traded hands. The Cheesecake Factory Incorporated has a 52-week low of $38.34 and a 52-week high of $67.14. The stock has a 50 day moving average of $42.74 and a 200-day moving average of $54.25. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of 14.20 and a beta of 0.34.

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

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 29th. Stockholders of record on Wednesday, August 16th were issued a dividend of $0.29 per share. 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%. This is an increase from The Cheesecake Factory’s previous quarterly dividend of $0.24. The Cheesecake Factory’s dividend payout ratio (DPR) is currently 40.70%.

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.

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

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