WINTON GROUP Ltd Invests $564,000 in The Cheesecake Factory Incorporated $CAKE

WINTON GROUP Ltd bought a new position in The Cheesecake Factory Incorporated (NASDAQ:CAKE) during the 4th quarter, Holdings Channel reports. The fund bought 11,178 shares of the restaurant operator’s stock, valued at approximately $564,000.

Several other large investors have also recently made changes to their positions in CAKE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Cheesecake Factory by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,742 shares of the restaurant operator’s stock worth $1,399,000 after purchasing an additional 1,268 shares during the last quarter. Woodline Partners LP grew its position in Cheesecake Factory by 30.9% in the first quarter. Woodline Partners LP now owns 92,664 shares of the restaurant operator’s stock worth $4,509,000 after acquiring an additional 21,887 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Cheesecake Factory by 8.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 109,800 shares of the restaurant operator’s stock worth $5,343,000 after acquiring an additional 8,592 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Cheesecake Factory by 32.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,333 shares of the restaurant operator’s stock worth $83,000 after acquiring an additional 323 shares in the last quarter. Finally, First Trust Advisors LP grew its position in Cheesecake Factory by 5.0% in the second quarter. First Trust Advisors LP now owns 112,020 shares of the restaurant operator’s stock worth $7,019,000 after acquiring an additional 5,326 shares in the last quarter. 94.48% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on CAKE shares. Robert W. Baird set a $65.00 price target on Cheesecake Factory in a research report on Thursday, April 30th. Argus set a $72.00 price target on Cheesecake Factory in a research report on Friday, May 1st. Oppenheimer lifted their price target on Cheesecake Factory from $68.00 to $72.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 21st. Mizuho set a $75.00 price target on Cheesecake Factory in a research report on Thursday, February 19th. Finally, UBS Group set a $53.00 price target on Cheesecake Factory and gave the stock a “sell” rating in a research report on Friday, February 20th. Six analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $64.94.

Insider Buying and Selling

In related news, Chairman David Overton sold 104,000 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $61.02, for a total value of $6,346,080.00. Following the transaction, the chairman owned 3,079,779 shares of the company’s stock, valued at $187,928,114.58. This represents a 3.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alexander L. Cappello sold 2,490 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $64.90, for a total value of $161,601.00. Following the transaction, the director owned 6,171 shares in the company, valued at $400,497.90. The trade was a 28.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 8.00% of the stock is currently owned by insiders.

Cheesecake Factory Stock Up 3.9%

Shares of NASDAQ:CAKE opened at $70.62 on Thursday. The Cheesecake Factory Incorporated has a 1 year low of $43.07 and a 1 year high of $71.24. The business has a 50 day simple moving average of $61.35 and a two-hundred day simple moving average of $58.04. The firm has a market capitalization of $3.51 billion, a PE ratio of 20.65, a price-to-earnings-growth ratio of 1.63 and a beta of 1.04. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.59 and a quick ratio of 0.53.

Cheesecake Factory (NASDAQ:CAKE) last announced its earnings results on Wednesday, April 29th. The restaurant operator reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.02. Cheesecake Factory had a return on equity of 43.74% and a net margin of 4.34%.The business had revenue of $978.83 million during the quarter, compared to analyst estimates of $964.57 million. During the same quarter in the previous year, the business earned $0.93 earnings per share. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, equities analysts predict that The Cheesecake Factory Incorporated will post 4.01 EPS for the current year.

Cheesecake Factory Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Wednesday, May 13th were issued a $0.30 dividend. The ex-dividend date was Wednesday, May 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.7%. Cheesecake Factory’s payout ratio is presently 35.09%.

Cheesecake Factory Profile

The Cheesecake Factory Incorporated (NASDAQ:CAKE) is an American restaurant company and distributor renowned for its full-service casual-dining concept and specialty cheesecakes. Headquartered in Calabasas Hills, California, the company operates more than 200 restaurants under The Cheesecake Factory® brand across the United States, Puerto Rico and select international markets. In addition to sit-down dining, Cheesecake Factory franchised locations offer catering and take-out services, while a separate manufacturing arm supplies branded cheesecakes and desserts to supermarkets, hotels and other foodservice operators.

The origins of the brand trace back to a small cheesecake bakery founded in Detroit in the 1940s.