Oak Harvest Investment Services Buys 1,500 Shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Oak Harvest Investment Services boosted its stake in The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 17.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,000 shares of the restaurant operator’s stock after purchasing an additional 1,500 shares during the quarter. Oak Harvest Investment Services’ holdings in Cheesecake Factory were worth $474,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. KBC Group NV lifted its holdings in shares of Cheesecake Factory by 46.9% during the 4th quarter. KBC Group NV now owns 2,321 shares of the restaurant operator’s stock worth $110,000 after acquiring an additional 741 shares during the period. New Century Financial Group LLC acquired a new position in Cheesecake Factory during the fourth quarter valued at approximately $1,142,000. Janney Montgomery Scott LLC acquired a new stake in shares of Cheesecake Factory in the 4th quarter valued at $270,000. Hennessy Advisors Inc. acquired a new stake in shares of Cheesecake Factory in the 4th quarter valued at $63,114,000. Finally, Versant Capital Management Inc increased its stake in shares of Cheesecake Factory by 108.1% in the 4th quarter. Versant Capital Management Inc now owns 616 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 320 shares during the last quarter. Institutional investors own 94.48% of the company’s stock.

Cheesecake Factory Stock Up 4.3 %

Shares of NASDAQ:CAKE opened at $56.17 on Friday. The company has a market capitalization of $2.87 billion, a price-to-earnings ratio of 21.36, a P/E/G ratio of 1.29 and a beta of 1.50. The business’s 50-day moving average is $49.68 and its 200-day moving average is $43.65. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.44 and a quick ratio of 0.33. The Cheesecake Factory Incorporated has a 1 year low of $33.05 and a 1 year high of $56.32.

Cheesecake Factory (NASDAQ:CAKE) last released its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.11. The company had revenue of $865.50 million during the quarter, compared to analyst estimates of $866.13 million. Cheesecake Factory had a net margin of 3.63% and a return on equity of 43.90%. Cheesecake Factory’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.39 EPS. Equities research analysts predict that The Cheesecake Factory Incorporated will post 3.31 earnings per share for the current year.

Insider Transactions at Cheesecake Factory

In other Cheesecake Factory news, insider Keith Carango sold 13,095 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $49.88, for a total transaction of $653,178.60. Following the completion of the sale, the insider now owns 14,977 shares in the company, valued at approximately $747,052.76. The trade was a 46.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 8.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CAKE. Wells Fargo & Company raised their price objective on Cheesecake Factory from $38.00 to $45.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Bank of America lifted their price target on shares of Cheesecake Factory from $47.00 to $49.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Stephens raised their target price on shares of Cheesecake Factory from $51.00 to $57.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Robert W. Baird upped their price target on shares of Cheesecake Factory from $40.00 to $47.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Finally, The Goldman Sachs Group started coverage on Cheesecake Factory in a report on Thursday, December 5th. They issued a “buy” rating and a $56.00 target price for the company. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $49.40.

Cheesecake Factory Company Profile

The Cheesecake Factory Incorporated operates and licenses restaurants in the United States and Canada. The company operates bakeries that produce cheesecakes and other baked products for its restaurants, international licensees, third-party bakery customers, external foodservice operators, retailers, and distributors.