Future Fund LLC Acquires 10,315 Shares of The Cheesecake Factory Incorporated $CAKE

Future Fund LLC lifted its holdings in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 27.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,661 shares of the restaurant operator’s stock after purchasing an additional 10,315 shares during the period. Future Fund LLC owned 0.10% of Cheesecake Factory worth $2,609,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Salomon & Ludwin LLC increased its holdings in Cheesecake Factory by 226.5% in the fourth quarter. Salomon & Ludwin LLC now owns 604 shares of the restaurant operator’s stock worth $33,000 after purchasing an additional 419 shares in the last quarter. Global Retirement Partners LLC boosted its holdings in shares of Cheesecake Factory by 661.7% during the 4th quarter. Global Retirement Partners LLC now owns 716 shares of the restaurant operator’s stock worth $36,000 after buying an additional 622 shares in the last quarter. NFSG Corp boosted its holdings in shares of Cheesecake Factory by 115.8% during the 1st quarter. NFSG Corp now owns 682 shares of the restaurant operator’s stock worth $37,000 after buying an additional 366 shares in the last quarter. Root Financial Partners LLC grew its position in shares of Cheesecake Factory by 973.2% during the 4th quarter. Root Financial Partners LLC now owns 880 shares of the restaurant operator’s stock worth $44,000 after buying an additional 798 shares during the period. Finally, Arax Advisory Partners acquired a new stake in shares of Cheesecake Factory during the 4th quarter worth approximately $50,000. Institutional investors and hedge funds own 94.48% of the company’s stock.

Wall Street Analyst Weigh In

CAKE has been the topic of a number of research reports. JPMorgan Chase & Co. upgraded shares of Cheesecake Factory from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $58.00 to $68.00 in a research report on Thursday, May 14th. Weiss Ratings upgraded shares of Cheesecake Factory from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday. Oppenheimer lifted their price target on shares of Cheesecake Factory from $68.00 to $72.00 and gave the company an “outperform” rating in a research note on Tuesday, April 21st. Stephens upped their price objective on shares of Cheesecake Factory from $61.00 to $65.00 and gave the company an “equal weight” rating in a report on Thursday, April 30th. Finally, Robert W. Baird set a $65.00 price objective on shares of Cheesecake Factory in a research report on Thursday, April 30th. Six investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $67.75.

Insiders Place Their Bets

In related news, Director Alexander L. Cappello sold 2,490 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $64.90, for a total value of $161,601.00. Following the sale, the director owned 6,171 shares in the company, valued at $400,497.90. This represents a 28.75% decrease in their position. The transaction was disclosed in a legal 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 shares were 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. The trade was a 3.27% decrease in their position. The SEC filing for this sale provides additional information. 8.00% of the stock is currently owned by company insiders.

Cheesecake Factory Trading Up 3.0%

NASDAQ CAKE opened at $85.77 on Friday. 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 Cheesecake Factory Incorporated has a 52 week low of $43.07 and a 52 week high of $86.66. The business has a 50 day moving average price of $71.36 and a 200-day moving average price of $63.55. The company has a market cap of $4.26 billion, a price-to-earnings ratio of 25.08, a P/E/G ratio of 2.00 and a beta of 1.01.

Cheesecake Factory (NASDAQ:CAKE) last issued its earnings results on Wednesday, April 29th. The restaurant operator reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.02. The company had revenue of $978.83 million for the quarter, compared to analysts’ expectations of $964.57 million. Cheesecake Factory had a return on equity of 43.74% and a net margin of 4.34%.Cheesecake Factory’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period last year, the business earned $0.93 EPS. As a group, equities analysts expect that The Cheesecake Factory Incorporated will post 4.01 earnings per share for the current fiscal year.

Cheesecake Factory Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Wednesday, May 13th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Wednesday, May 13th. Cheesecake Factory’s dividend payout ratio (DPR) is 35.09%.

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.