Retirement Systems of Alabama lifted its position in shares of Cheesecake Factory Inc (NASDAQ:CAKE) by 0.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 54,295 shares of the restaurant operator’s stock after acquiring an additional 212 shares during the quarter. Retirement Systems of Alabama owned approximately 0.12% of Cheesecake Factory worth $2,656,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Lindbrook Capital LLC bought a new stake in shares of Cheesecake Factory in the 4th quarter worth approximately $34,000. We Are One Seven LLC bought a new stake in shares of Cheesecake Factory in the 4th quarter worth approximately $51,000. Acadian Asset Management LLC grew 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 worth $84,000 after buying an additional 1,002 shares during the last quarter. Dupont Capital Management Corp bought a new stake in shares of Cheesecake Factory in the 4th quarter worth approximately $133,000. Finally, Advisor Group Inc. grew 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 worth $185,000 after buying an additional 2,376 shares during the last quarter. Institutional investors own 98.26% of the company’s stock.
In related news, Chairman David Overton sold 159,297 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $47.63, for a total transaction of $7,587,316.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Laurence B. Mindel acquired 1,500 shares of Cheesecake Factory stock in a transaction that occurred on Monday, May 6th. The shares were purchased at an average price of $49.64 per share, with a total value of $74,460.00. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 5,326 shares of company stock valued at $255,309. 8.50% of the stock is owned by company insiders.
Cheesecake Factory stock traded down $0.05 during mid-day trading on Wednesday, hitting $48.17. The company had a trading volume of 389,300 shares, compared to its average volume of 771,883. The company has a current ratio of 0.35, a quick ratio of 0.26 and a debt-to-equity ratio of 1.78. Cheesecake Factory Inc has a 12 month low of $41.63 and a 12 month high of $60.19. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of 19.82, a price-to-earnings-growth ratio of 1.39 and a beta of 0.35.
Cheesecake Factory (NASDAQ:CAKE) last posted its quarterly earnings results on Wednesday, May 1st. The restaurant operator reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.02. Cheesecake Factory had a return on equity of 19.54% and a net margin of 4.24%. The firm had revenue of $599.48 million during the quarter, compared to analysts’ expectations of $603.03 million. During the same quarter in the previous year, the business earned $0.56 earnings per share. The company’s revenue was up 2.5% on a year-over-year basis. On average, equities research analysts predict that Cheesecake Factory Inc will post 2.66 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 29th. Investors of record on Thursday, May 16th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date is Wednesday, May 15th. Cheesecake Factory’s dividend payout ratio (DPR) is presently 54.32%.
A number of equities research analysts have recently weighed in on the company. BidaskClub lowered Cheesecake Factory from a “sell” rating to a “strong sell” rating in a research report on Friday, March 22nd. Raymond James set a $56.00 price objective on Cheesecake Factory and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Telsey Advisory Group restated a “market perform” rating and set a $54.00 price target (up from $52.00) on shares of Cheesecake Factory in a research report on Thursday, May 2nd. Barclays lifted their price target on Cheesecake Factory from $40.00 to $42.00 and gave the company an “underweight” rating in a research report on Thursday, May 2nd. Finally, TheStreet upgraded Cheesecake Factory from a “c+” rating to a “b-” rating in a research report on Wednesday, April 24th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $52.67.
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Cheesecake Factory Company Profile
The Cheesecake Factory Incorporated engages in the operation of restaurants. 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 April 16, 2019, it owned and operated 219 full-service casual-dining restaurants in the United States, including Puerto Rico and Canada comprising 202 restaurants under The Cheesecake Factory name; 14 restaurants under the Grand Lux Café name; and 2 restaurants under the RockSugar Southeast Asian Kitchen name, as well as 22 The Cheesecake Factory restaurants under licensing agreements internationally.
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