The Cheesecake Factory Incorporated $CAKE Shares Purchased by One Capital Management LLC

One Capital Management LLC increased its position in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 43.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 37,435 shares of the restaurant operator’s stock after buying an additional 11,380 shares during the period. One Capital Management LLC owned 0.08% of Cheesecake Factory worth $1,890,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in CAKE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Cheesecake Factory by 4.6% during 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 buying an additional 1,268 shares in the last quarter. Woodline Partners LP boosted its holdings in Cheesecake Factory by 30.9% during the first quarter. Woodline Partners LP now owns 92,664 shares of the restaurant operator’s stock worth $4,509,000 after buying an additional 21,887 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Cheesecake Factory by 8.5% during 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 buying an additional 8,592 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Cheesecake Factory by 32.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,333 shares of the restaurant operator’s stock worth $83,000 after buying an additional 323 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in Cheesecake Factory by 5.0% during the second quarter. First Trust Advisors LP now owns 112,020 shares of the restaurant operator’s stock worth $7,019,000 after buying an additional 5,326 shares in the last quarter. 94.48% of the stock is owned by hedge funds and other institutional investors.

Cheesecake Factory Stock Performance

CAKE opened at $64.49 on Wednesday. The company has a quick ratio of 0.53, a current ratio of 0.59 and a debt-to-equity ratio of 1.22. The company has a market cap of $3.20 billion, a price-to-earnings ratio of 18.86, a PEG ratio of 1.58 and a beta of 1.04. The Cheesecake Factory Incorporated has a 52-week low of $43.07 and a 52-week high of $69.70. The firm’s fifty day simple moving average is $59.86 and its two-hundred day simple moving average is $56.97.

Cheesecake Factory (NASDAQ:CAKE) last posted its quarterly earnings data 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. The business had revenue of $978.83 million for the quarter, compared to the consensus estimate of $964.57 million. Cheesecake Factory had a net margin of 4.34% and a return on equity of 43.74%. The company’s revenue was up 5.6% compared to the same quarter last year. During the same period last year, the firm posted $0.93 earnings per share. Equities analysts anticipate that The Cheesecake Factory Incorporated will post 4.01 earnings per share for the current fiscal year.

Cheesecake Factory Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Wednesday, May 13th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Wednesday, May 13th. Cheesecake Factory’s dividend payout ratio (DPR) is currently 35.09%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CAKE. UBS Group set a $53.00 price target on shares of Cheesecake Factory and gave the stock a “sell” rating in a report on Friday, February 20th. Weiss Ratings reissued a “buy (b-)” rating on shares of Cheesecake Factory in a report on Friday, May 22nd. Stephens increased their price target on shares of Cheesecake Factory from $61.00 to $65.00 and gave the stock an “equal weight” rating in a report on Thursday, April 30th. Wells Fargo & Company increased their price objective on shares of Cheesecake Factory from $60.00 to $65.00 and gave the company an “equal weight” rating in a report on Thursday, April 30th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $68.00 price objective on shares of Cheesecake Factory in a report on Thursday, April 30th. Six equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $64.94.

Insider Activity

In other news, EVP Scarlett May sold 5,206 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $62.95, for a total value of $327,717.70. Following the transaction, the executive vice president directly owned 25,715 shares of the company’s stock, valued at approximately $1,618,759.25. This trade represents a 16.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Chairman David Overton sold 104,000 shares of the firm’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $61.02, for a total transaction of $6,346,080.00. Following the completion of the transaction, the chairman directly owned 3,079,779 shares in the company, valued at approximately $187,928,114.58. This represents a 3.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 8.00% of the company’s stock.

About Cheesecake Factory

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.