Cheesecake Factory Inc (NASDAQ:CAKE) insider Cheryl Slomann sold 1,000 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $46.36, for a total transaction of $46,360.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of NASDAQ:CAKE traded up $0.39 during midday trading on Thursday, hitting $46.68. 32,262 shares of the stock were exchanged, compared to its average volume of 935,770. The company has a market capitalization of $2.09 billion, a PE ratio of 19.25, a price-to-earnings-growth ratio of 1.36 and a beta of 0.34. The company has a quick ratio of -0.03, a current ratio of 0.47 and a debt-to-equity ratio of 0.02. Cheesecake Factory Inc has a twelve month low of $41.63 and a twelve month high of $60.19.

Cheesecake Factory (NASDAQ:CAKE) last announced its earnings results on Wednesday, February 20th. The restaurant operator reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.01). Cheesecake Factory had a net margin of 4.21% and a return on equity of 18.78%. The firm had revenue of $585.16 million during the quarter, compared to analyst estimates of $593.71 million. During the same period in the previous year, the firm posted $0.53 EPS. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. As a group, equities analysts anticipate that Cheesecake Factory Inc will post 2.62 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 19th. Shareholders of record on Monday, March 4th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend is Friday, March 1st. Cheesecake Factory’s dividend payout ratio is presently 54.32%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CAKE. Lindbrook Capital LLC purchased a new position in shares of Cheesecake Factory during the 4th quarter valued at approximately $34,000. We Are One Seven LLC bought a new position in Cheesecake Factory during the fourth quarter valued at about $51,000. Acadian Asset Management LLC boosted its position in shares of Cheesecake Factory by 109.2% in the 4th quarter. Acadian Asset Management LLC now owns 1,920 shares of the restaurant operator’s stock valued at $84,000 after purchasing an additional 1,002 shares during the period. Dupont Capital Management Corp acquired a new position in shares of Cheesecake Factory in the 4th quarter valued at $133,000. Finally, Advisor Group Inc. boosted its position in shares of Cheesecake Factory by 127.5% in the 4th quarter. Advisor Group Inc. now owns 4,240 shares of the restaurant operator’s stock valued at $185,000 after purchasing an additional 2,376 shares during the period. Hedge funds and other institutional investors own 98.26% of the company’s stock.

A number of analysts recently issued reports on the stock. Maxim Group raised shares of Cheesecake Factory from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a report on Wednesday, December 19th. Bank of America restated a “neutral” rating and set a $50.00 price objective (down from $56.00) on shares of Cheesecake Factory in a research report on Thursday, February 21st. BidaskClub cut shares of Cheesecake Factory from a “buy” rating to a “hold” rating in a research report on Tuesday, December 4th. Barclays reduced their target price on shares of Cheesecake Factory from $47.00 to $44.00 and set an “underweight” rating for the company in a research report on Thursday, November 29th. Finally, Raymond James upgraded shares of Cheesecake Factory from a “market perform” rating to an “outperform” rating in a research report on Tuesday, January 8th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the company’s stock. Cheesecake Factory currently has an average rating of “Hold” and a consensus price target of $53.09.

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About Cheesecake Factory

The Cheesecake Factory Incorporated operates restaurants in the United States. The company produces cheesecakes and other baked products for own restaurants and international licensees, as well as external foodservice operators, retailers, and distributors. As of November 20, 2018, it operated 217 company-owned restaurants, including 201 restaurants under The Cheesecake Factory brand; 14 restaurants under the Grand Lux Cafe brand; and 2 restaurants under the RockSugar Southeast Asian Kitchen brand, as well as 21 The Cheesecake Factory branded restaurants under licensing agreements internationally.

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