Canada Pension Plan Investment Board raised its position in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 177.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 60,702 shares of the restaurant operator’s stock after acquiring an additional 38,800 shares during the period. Canada Pension Plan Investment Board owned approximately 0.13% of The Cheesecake Factory worth $2,557,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in The Cheesecake Factory by 3.6% during the second quarter. Vanguard Group Inc. now owns 4,171,917 shares of the restaurant operator’s stock valued at $209,847,000 after acquiring an additional 146,756 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its position 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 acquiring an additional 161,779 shares during the last quarter. State Street Corp increased its position in The Cheesecake Factory by 4.3% during the second quarter. State Street Corp now owns 1,526,476 shares of the restaurant operator’s stock valued at $76,779,000 after acquiring an additional 63,301 shares during the last quarter. Macquarie Group Ltd. increased its position in The Cheesecake Factory by 18.4% during the second quarter. Macquarie Group Ltd. now owns 1,351,873 shares of the restaurant operator’s stock valued at $67,999,000 after acquiring an additional 209,711 shares during the last quarter. Finally, Voya Investment Management LLC increased its position in The Cheesecake Factory by 7.8% during the second quarter. Voya Investment Management LLC now owns 1,052,531 shares of the restaurant operator’s stock valued at $52,942,000 after acquiring an additional 76,484 shares during the last quarter. Institutional investors and hedge funds own 98.67% of the company’s stock.

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In other The Cheesecake Factory news, VP Debby R. Zurzolo sold 2,306 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $44.75, for a total value of $103,193.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Herbert Simon bought 25,000 shares of The Cheesecake Factory stock in a transaction on Monday, November 6th. The stock was purchased at an average price of $43.50 per share, with a total value of $1,087,500.00. The disclosure for this purchase can be found here. Insiders own 8.40% of the company’s stock.

Shares of The Cheesecake Factory Incorporated (CAKE) opened at $45.44 on Friday. The Cheesecake Factory Incorporated has a one year low of $38.34 and a one year high of $67.14. The firm has a market cap of $2,060.00, a PE ratio of 16.45, a P/E/G ratio of 1.20 and a beta of 0.29. The company has a quick ratio of 0.37, a current ratio of 0.51 and a debt-to-equity ratio of 0.05.

The Cheesecake Factory (NASDAQ:CAKE) last released its quarterly earnings data on Wednesday, November 1st. The restaurant operator reported $0.56 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.04). The business had revenue of $555.40 million during the quarter, compared to analysts’ expectations of $566.09 million. The Cheesecake Factory had a return on equity of 21.65% and a net margin of 5.76%. The firm’s revenue was down .8% compared to the same quarter last year. During the same period last year, the company earned $0.70 earnings per share. analysts anticipate that The Cheesecake Factory Incorporated will post 2.61 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 28th. Shareholders of record on Wednesday, November 15th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.16 dividend on an annualized basis and a yield of 2.55%. The Cheesecake Factory’s dividend payout ratio is presently 42.80%.

A number of analysts have recently issued reports on the stock. Piper Jaffray Companies reissued a “buy” rating and set a $65.00 target price on shares of The Cheesecake Factory in a research note on Wednesday, July 26th. Raymond James Financial, Inc. reissued a “market perform” rating on shares of The Cheesecake Factory in a research note on Monday, July 24th. BidaskClub lowered shares of The Cheesecake Factory from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Nomura lowered their target price on shares of The Cheesecake Factory from $50.00 to $44.00 and set a “neutral” rating for the company in a research note on Thursday, August 3rd. Finally, Maxim Group reissued a “buy” rating and set a $57.00 target price (down from $65.00) on shares of The Cheesecake Factory in a research note on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the company. The Cheesecake Factory has an average rating of “Hold” and an average target price of $48.00.

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)

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