The Cheesecake Factory Inc. (NASDAQ:CAKE) CFO Doug Benn sold 6,512 shares of the firm’s stock in a transaction on Monday, July 25th. The shares were sold at an average price of $53.00, for a total transaction of $345,136.00. Following the sale, the chief financial officer now directly owns 51,344 shares of the company’s stock, valued at $2,721,232. The transaction was disclosed in a document filed with the SEC, which is available at this link.
The Cheesecake Factory Inc. (NASDAQ:CAKE) traded down 4.68% during mid-day trading on Tuesday, hitting $50.46. 1,875,533 shares of the company were exchanged. The company has a market cap of $2.36 billion and a price-to-earnings ratio of 20.85. The stock’s 50 day moving average is $49.96 and its 200-day moving average is $50.15. The Cheesecake Factory Inc. has a 12-month low of $44.16 and a 12-month high of $58.86.
The Cheesecake Factory (NASDAQ:CAKE) last announced its quarterly earnings data on Wednesday, April 27th. The company reported $0.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.07. The firm had revenue of $553.69 million for the quarter, compared to the consensus estimate of $554.82 million. During the same period in the prior year, the firm posted $0.56 earnings per share. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. Equities research analysts predict that The Cheesecake Factory Inc. will post $2.67 EPS for the current year.
A number of hedge funds have recently made changes to their positions in the company. Sei Investments Co. boosted its stake in shares of The Cheesecake Factory by 12.6% in the fourth quarter. Sei Investments Co. now owns 41,086 shares of the company’s stock valued at $1,894,000 after buying an additional 4,609 shares in the last quarter. TD Asset Management Inc. boosted its stake in shares of The Cheesecake Factory by 243.0% in the fourth quarter. TD Asset Management Inc. now owns 87,230 shares of the company’s stock valued at $4,022,000 after buying an additional 61,800 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of The Cheesecake Factory by 2.7% in the fourth quarter. Rhumbline Advisers now owns 105,657 shares of the company’s stock valued at $4,872,000 after buying an additional 2,775 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of The Cheesecake Factory by 25.5% in the fourth quarter. First Trust Advisors LP now owns 138,823 shares of the company’s stock valued at $6,401,000 after buying an additional 28,171 shares in the last quarter.
The Cheesecake Factory Incorporated is engaged in the restaurant and bakery business. The Company operates approximately 200 Company-owned restaurants, including approximately 190 restaurants under The Cheesecake Factory mark and approximately 10 restaurants under the Grand Lux Cafe mark. The Company’s segments include The Cheesecake Factory restaurants, and other, which includes Grand Lux Cafe, RockSugar Pan Asian Kitchen, bakery and international licensing.
