Quantbot Technologies LP Makes New Investment in The Cheesecake Factory Incorporated $CAKE

Quantbot Technologies LP purchased a new stake in The Cheesecake Factory Incorporated (NASDAQ:CAKE) during the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 5,454 shares of the restaurant operator’s stock, valued at approximately $434,000.

Other institutional investors also recently made changes to their positions in the company. Allworth Financial LP purchased a new position in shares of Cheesecake Factory in the 2nd quarter worth $36,000. Global Retirement Partners LLC grew its position in Cheesecake Factory by 661.7% during the fourth quarter. Global Retirement Partners LLC now owns 716 shares of the restaurant operator’s stock valued at $36,000 after acquiring an additional 622 shares during the period. NFSG Corp grew its position in Cheesecake Factory by 115.8% during the first quarter. NFSG Corp now owns 682 shares of the restaurant operator’s stock valued at $37,000 after acquiring an additional 366 shares during the period. Root Financial Partners LLC increased its stake in Cheesecake Factory by 973.2% during the fourth quarter. Root Financial Partners LLC now owns 880 shares of the restaurant operator’s stock worth $44,000 after acquiring an additional 798 shares during the last quarter. Finally, Arax Advisory Partners acquired a new stake in Cheesecake Factory during the fourth quarter worth about $50,000. 94.48% of the stock is owned by hedge funds and other institutional investors.

Cheesecake Factory Stock Up 1.8%

Shares of NASDAQ CAKE opened at $112.07 on Friday. The Cheesecake Factory Incorporated has a 1 year low of $43.07 and a 1 year high of $118.46. The firm has a market cap of $5.58 billion, a price-to-earnings ratio of 30.37, a PEG ratio of 1.95 and a beta of 1.00. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.52 and a current ratio of 0.59. The stock’s 50-day simple moving average is $94.09 and its 200-day simple moving average is $73.25.

Cheesecake Factory (NASDAQ:CAKE) last issued its quarterly earnings results on Tuesday, July 28th. The restaurant operator reported $1.44 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 the consensus estimate of $999.54 million. During the same quarter in the prior year, the business posted $1.16 earnings per share. Cheesecake Factory’s revenue for the quarter was up 7.7% on a year-over-year basis. As a group, equities analysts anticipate that The Cheesecake Factory Incorporated will post 4.52 earnings per share for the current fiscal year.

Cheesecake Factory Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Tuesday, August 11th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Tuesday, August 11th. Cheesecake Factory’s payout ratio is 32.52%.

Insiders Place Their Bets

In related news, Director Edie A. Ames sold 3,000 shares of the company’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $106.95, for a total value of $320,850.00. Following the sale, the director directly owned 10,000 shares of the company’s stock, valued at $1,069,500. This represents a 23.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President David M. Gordon sold 31,950 shares of the stock in a transaction on Monday, August 10th. The shares were sold at an average price of $110.03, for a total transaction of $3,515,458.50. Following the transaction, the president owned 26,875 shares in the company, valued at $2,957,056.25. This trade represents a 54.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 216,239 shares of company stock valued at $22,463,500. 8.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

CAKE has been the subject of a number of research reports. Robert W. Baird upgraded Cheesecake Factory to a “hold” rating in a report on Monday, August 24th. Northcoast Research lowered shares of Cheesecake Factory from a “buy” rating to a “neutral” rating in a report on Monday, June 15th. JPMorgan Chase & Co. boosted their price objective on shares of Cheesecake Factory from $92.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday. Citigroup increased their price objective on shares of Cheesecake Factory from $76.00 to $90.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Finally, UBS Group raised their target price on shares of Cheesecake Factory from $53.00 to $60.00 and gave the company a “sell” rating in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $83.47.

Cheesecake Factory Company 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.