The Cheesecake Factory Incorporated (CAKE) Director Edie A. Ames Buys 330 Shares
The Cheesecake Factory Incorporated (NASDAQ:CAKE) Director Edie A. Ames bought 330 shares of the stock in a transaction on Wednesday, November 8th. The stock was purchased at an average cost of $44.02 per share, for a total transaction of $14,526.60. Following the acquisition, the director now owns 730 shares of the company’s stock, valued at approximately $32,134.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
The Cheesecake Factory Incorporated (CAKE) remained flat at $$44.31 during midday trading on Friday. The stock had a trading volume of 1,158,005 shares, compared to its average volume of 1,086,920. The Cheesecake Factory Incorporated has a 12 month low of $38.34 and a 12 month high of $67.14. The stock has a market cap of $2,070.00, a P/E ratio of 16.07, a P/E/G ratio of 1.17 and a beta of 0.29.
The Cheesecake Factory (NASDAQ:CAKE) last posted its quarterly earnings data on Wednesday, November 1st. The restaurant operator reported $0.56 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.04). The Cheesecake Factory had a return on equity of 21.65% and a net margin of 5.76%. The company had revenue of $555.40 million during the quarter, compared to the consensus estimate of $566.09 million. During the same period last year, the business earned $0.70 EPS. The firm’s quarterly revenue was down .8% compared to the same quarter last year. equities research analysts predict that The Cheesecake Factory Incorporated will post 2.61 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 28th. Investors of record on Wednesday, November 15th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend is Tuesday, November 14th. The Cheesecake Factory’s dividend payout ratio (DPR) is presently 42.80%.
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A number of research firms have weighed in on CAKE. Piper Jaffray Companies reissued a “buy” rating and issued a $65.00 target price on shares of The Cheesecake Factory in a report on Wednesday, July 26th. Wedbush reissued a “buy” rating on shares of The Cheesecake Factory in a report on Thursday, July 13th. Barclays PLC lowered their target price on The Cheesecake Factory from $56.00 to $53.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 19th. Raymond James Financial, Inc. reissued a “market perform” rating on shares of The Cheesecake Factory in a report on Monday, July 24th. Finally, BidaskClub downgraded The Cheesecake Factory from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $49.24.
A number of institutional investors and hedge funds have recently modified their holdings of CAKE. Victory Capital Management Inc. raised its stake in The Cheesecake Factory by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 3,216 shares of the restaurant operator’s stock valued at $162,000 after purchasing an additional 482 shares during the period. Riverhead Capital Management LLC raised its stake in The Cheesecake Factory by 105.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,493 shares of the restaurant operator’s stock valued at $176,000 after purchasing an additional 1,793 shares during the period. Raymond James Financial Services Advisors Inc. bought a new stake in The Cheesecake Factory during the 2nd quarter valued at approximately $205,000. LS Investment Advisors LLC raised its stake in The Cheesecake Factory by 17.0% during the 2nd quarter. LS Investment Advisors LLC now owns 4,231 shares of the restaurant operator’s stock valued at $213,000 after purchasing an additional 615 shares during the period. Finally, PNC Financial Services Group Inc. raised its stake in The Cheesecake Factory by 3.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,420 shares of the restaurant operator’s stock valued at $218,000 after purchasing an additional 109 shares during the period. 97.76% of the stock is currently owned by institutional investors.
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.
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