Quantbot Technologies LP bought a new position in The Cheesecake Factory Incorporated (NASDAQ:CAKE) during the second quarter, according to the company in its most recent filing with the SEC. The firm bought 42,068 shares of the restaurant operator’s stock, valued at approximately $2,116,000. Quantbot Technologies LP owned 0.09% of The Cheesecake Factory as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in The Cheesecake Factory by 32.2% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,621 shares of the restaurant operator’s stock worth $103,000 after purchasing an additional 395 shares during the period. Parallel Advisors LLC raised its position in The Cheesecake Factory by 13.5% in the 1st quarter. Parallel Advisors LLC now owns 1,974 shares of the restaurant operator’s stock worth $132,000 after purchasing an additional 235 shares during the period. Victory Capital Management Inc. raised its position in The Cheesecake Factory by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 3,216 shares of the restaurant operator’s stock worth $162,000 after purchasing an additional 482 shares during the period. PNC Financial Services Group Inc. raised its position in The Cheesecake Factory by 3.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,420 shares of the restaurant operator’s stock worth $218,000 after purchasing an additional 109 shares during the period. Finally, Riverhead Capital Management LLC raised its position in The Cheesecake Factory by 105.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,493 shares of the restaurant operator’s stock worth $176,000 after purchasing an additional 1,793 shares during the period. Institutional investors own 96.22% of the company’s stock.

A number of equities analysts recently commented on CAKE shares. Telsey Advisory Group decreased their target price on shares of The Cheesecake Factory from $66.00 to $62.00 and set an “outperform” rating on the stock in a research report on Wednesday, June 14th. TheStreet cut shares of The Cheesecake Factory from a “b-” rating to a “c+” rating in a research report on Friday, August 25th. Goldman Sachs Group, Inc. (The) decreased their target price on shares of The Cheesecake Factory from $56.00 to $48.00 and set a “sell” rating on the stock in a research report on Wednesday, June 21st. Nomura started coverage on shares of The Cheesecake Factory in a research report on Wednesday, July 12th. They issued a “neutral” rating and a $50.00 target price on the stock. Finally, Instinet started coverage on shares of The Cheesecake Factory in a research report on Wednesday, July 12th. They issued a “neutral” rating and a $50.00 target price on the stock. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $53.44.

Shares of The Cheesecake Factory Incorporated (NASDAQ CAKE) opened at 41.52 on Friday. The company has a market cap of $1.91 billion, a price-to-earnings ratio of 14.52 and a beta of 0.34. The stock’s 50 day moving average is $42.34 and its 200-day moving average is $53.85. The Cheesecake Factory Incorporated has a 52 week low of $38.34 and a 52 week high of $67.14.

The Cheesecake Factory (NASDAQ:CAKE) last posted its quarterly earnings results on Wednesday, August 2nd. The restaurant operator reported $0.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 quarter last year, the firm posted $0.78 EPS. The firm’s revenue was up 2.0% compared to the same quarter last year. On average, equities analysts anticipate that The Cheesecake Factory Incorporated will post $2.66 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 29th. Shareholders of record on Wednesday, August 16th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 2.79%. This is a boost from The Cheesecake Factory’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Monday, August 14th. The Cheesecake Factory’s dividend payout ratio is presently 40.70%.

COPYRIGHT VIOLATION WARNING: This report was reported by Daily Political and is the sole property of of Daily Political. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://www.dailypolitical.com/2017/09/23/quantbot-technologies-lp-buys-new-stake-in-the-cheesecake-factory-incorporated-cake.html.

The 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.

Want to see what other hedge funds are holding CAKE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Cheesecake Factory Incorporated (NASDAQ:CAKE).

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.