The Cheesecake Factory (NASDAQ:CAKE) insider Cheryl Slomann sold 5,500 shares of The Cheesecake Factory stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $49.87, for a total value of $274,285.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Shares of NASDAQ CAKE traded up $0.32 during trading hours on Friday, reaching $52.06. 2,032,593 shares of the stock traded hands, compared to its average volume of 1,089,515. The stock has a market cap of $2,295.45, a price-to-earnings ratio of 20.02, a P/E/G ratio of 1.27 and a beta of 0.29. The company has a current ratio of 0.52, a quick ratio of 0.42 and a debt-to-equity ratio of 0.02. The Cheesecake Factory has a 52-week low of $38.34 and a 52-week high of $67.14.
The Cheesecake Factory (NASDAQ:CAKE) last announced its quarterly earnings data on Wednesday, February 21st. The restaurant operator reported $0.53 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.53. The company had revenue of $571.80 million for the quarter, compared to analysts’ expectations of $567.80 million. The Cheesecake Factory had a return on equity of 20.30% and a net margin of 6.96%. The Cheesecake Factory’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same period last year, the firm posted $0.67 EPS. analysts forecast that The Cheesecake Factory will post 2.73 EPS for the current fiscal year.
A number of analysts have recently issued reports on the company. TheStreet upgraded The Cheesecake Factory from a “c+” rating to a “b” rating in a research report on Friday, January 5th. Zacks Investment Research upgraded The Cheesecake Factory from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research report on Tuesday, February 6th. BTIG Research lifted their price target on The Cheesecake Factory to $55.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Wells Fargo dropped their price target on The Cheesecake Factory from $45.00 to $41.00 and set a “market perform” rating for the company in a research report on Tuesday, February 6th. Finally, Telsey Advisory Group downgraded The Cheesecake Factory from an “outperform” rating to a “market perform” rating and set a $48.00 price target for the company. in a research report on Thursday, February 22nd. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $48.18.
A number of institutional investors have recently made changes to their positions in the business. Elkfork Partners LLC purchased a new position in The Cheesecake Factory in the 4th quarter worth approximately $267,000. Envestnet Asset Management Inc. increased its stake in The Cheesecake Factory by 21.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 28,868 shares of the restaurant operator’s stock worth $1,391,000 after purchasing an additional 5,081 shares during the period. MetLife Investment Advisors LLC purchased a new position in The Cheesecake Factory in the 4th quarter worth approximately $2,209,000. BB&T Securities LLC increased its stake in The Cheesecake Factory by 103.5% in the 4th quarter. BB&T Securities LLC now owns 28,392 shares of the restaurant operator’s stock worth $1,367,000 after purchasing an additional 14,439 shares during the period. Finally, Macquarie Group Ltd. increased its stake in The Cheesecake Factory by 2.4% in the 4th quarter. Macquarie Group Ltd. now owns 1,488,457 shares of the restaurant operator’s stock worth $71,714,000 after purchasing an additional 35,071 shares during the period. 97.62% of the stock is currently owned by institutional investors and hedge funds.
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About The 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 February 28, 2018, it operated 214 company-owned restaurants, including 199 restaurants under The Cheesecake Factory brand; 13 restaurants under the Grand Lux Cafe brand; and 2 restaurants under the RockSugar Southeast Asian Kitchen brand, as well as 20 The Cheesecake Factory branded restaurants under licensing agreements internationally.
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