The Cheesecake Factory Incorporated $CAKE Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 17.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 73,949 shares of the restaurant operator’s stock after selling 15,128 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Cheesecake Factory were worth $5,882,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Invesco Ltd. boosted its position in shares of Cheesecake Factory by 13.6% in the 4th quarter. Invesco Ltd. now owns 2,337,671 shares of the restaurant operator’s stock valued at $118,006,000 after purchasing an additional 280,553 shares during the period. State Street Corp lifted its stake in Cheesecake Factory by 0.3% during the fourth quarter. State Street Corp now owns 1,785,955 shares of the restaurant operator’s stock valued at $90,155,000 after buying an additional 4,535 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Cheesecake Factory by 16.4% in the fourth quarter. Victory Capital Management Inc. now owns 1,474,320 shares of the restaurant operator’s stock worth $74,424,000 after buying an additional 207,788 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Cheesecake Factory by 2.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,242,143 shares of the restaurant operator’s stock worth $68,008,000 after acquiring an additional 29,037 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Cheesecake Factory by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 1,152,174 shares of the restaurant operator’s stock worth $58,170,000 after acquiring an additional 4,577 shares in the last quarter. 94.48% of the stock is owned by hedge funds and other institutional investors.

Cheesecake Factory Trading Down 0.3%

Cheesecake Factory stock opened at $107.21 on Wednesday. The Cheesecake Factory Incorporated has a 12 month low of $43.07 and a 12 month high of $118.46. The company has a quick ratio of 0.52, a current ratio of 0.59 and a debt-to-equity ratio of 1.08. The stock has a market cap of $5.33 billion, a P/E ratio of 29.05, a P/E/G ratio of 1.82 and a beta of 1.01. The company’s fifty day simple moving average is $98.20 and its 200-day simple moving average is $75.65.

Cheesecake Factory (NASDAQ:CAKE) last released its quarterly earnings data on Tuesday, July 28th. The restaurant operator reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.26. Cheesecake Factory had a return on equity of 43.97% and a net margin of 4.61%.The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $999.54 million. During the same quarter last year, the firm earned $1.16 earnings per share. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. As a group, sell-side analysts forecast that The Cheesecake Factory Incorporated will post 4.52 EPS for the current fiscal year.

Cheesecake Factory Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Tuesday, August 11th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, August 11th. Cheesecake Factory’s dividend payout ratio (DPR) is presently 32.52%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Oppenheimer upped their price target on shares of Cheesecake Factory from $91.00 to $101.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Bank of America increased their target price on Cheesecake Factory from $66.00 to $79.00 and gave the company a “neutral” rating in a report on Thursday, July 2nd. Zacks Research upgraded Cheesecake Factory from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. Citigroup increased their price objective on Cheesecake Factory from $76.00 to $90.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Finally, Northcoast Research lowered Cheesecake Factory from a “buy” rating to a “neutral” rating in a research report on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $83.47.

Insider Transactions at Cheesecake Factory

In related news, Chairman David Overton sold 94,145 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $106.27, for a total value of $10,004,789.15. Following the completion of the sale, the chairman directly owned 89,805 shares in the company, valued at approximately $9,543,577.35. This represents a 51.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Edie A. Ames sold 3,000 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $106.95, for a total transaction of $320,850.00. Following the transaction, the director directly owned 10,000 shares in the company, valued at $1,069,500. The trade was a 23.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 213,749 shares of company stock valued at $22,301,899. Insiders own 8.00% of the company’s stock.

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.