Burney Co. boosted its position in The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 3.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 105,630 shares of the restaurant operator’s stock after buying an additional 3,728 shares during the period. Burney Co. owned approximately 0.23% of The Cheesecake Factory worth $5,353,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of CAKE. Waratah Capital Advisors Ltd. purchased a new position in shares of The Cheesecake Factory during the first quarter worth $4,628,000. Nordea Investment Management AB raised its stake in The Cheesecake Factory by 15.5% in the first quarter. Nordea Investment Management AB now owns 25,505 shares of the restaurant operator’s stock worth $1,616,000 after buying an additional 3,419 shares during the last quarter. Hendershot Investments Inc. raised its stake in The Cheesecake Factory by 4.3% in the second quarter. Hendershot Investments Inc. now owns 69,805 shares of the restaurant operator’s stock worth $3,511,000 after buying an additional 2,865 shares during the last quarter. Marshall Wace North America L.P. bought a new stake in The Cheesecake Factory during the first quarter worth approximately $1,644,000. Finally, PNC Financial Services Group Inc. raised its stake in The Cheesecake Factory by 3.3% in the first quarter. PNC Financial Services Group Inc. now owns 3,420 shares of the restaurant operator’s stock worth $218,000 after buying an additional 109 shares during the last quarter. 96.38% of the stock is currently owned by institutional investors.

The Cheesecake Factory Incorporated (NASDAQ:CAKE) opened at 41.31 on Friday. The company has a market cap of $1.90 billion, a P/E ratio of 14.45 and a beta of 0.35. The firm has a 50-day moving average price of $45.44 and a 200-day moving average price of $55.63. The Cheesecake Factory Incorporated has a 52 week low of $40.96 and a 52 week high of $67.14.

The Cheesecake Factory (NASDAQ:CAKE) last posted its quarterly earnings results on Wednesday, August 2nd. The restaurant operator reported $0.78 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.02. The Cheesecake Factory had a return on equity of 22.92% and a net margin of 6.10%. The firm had revenue of $569.87 million during the quarter, compared to analysts’ expectations of $573.12 million. During the same quarter in the previous year, the business earned $0.78 earnings per share. The company’s revenue was up 2.0% on a year-over-year basis. Equities research analysts anticipate that The Cheesecake Factory Incorporated will post $2.66 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 29th. Stockholders of record on Wednesday, August 16th were paid a $0.29 dividend. The ex-dividend date was Monday, August 14th. This represents a $1.16 annualized dividend and a dividend yield of 2.81%. This is a boost from The Cheesecake Factory’s previous quarterly dividend of $0.24. The Cheesecake Factory’s payout ratio is currently 40.70%.

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CAKE has been the subject of a number of analyst reports. Zacks Investment Research lowered The Cheesecake Factory from a “hold” rating to a “sell” rating in a research report on Monday, May 8th. Jefferies Group LLC raised The Cheesecake Factory from an “underperform” rating to a “hold” rating and set a $52.00 price target for the company in a research report on Tuesday, June 13th. They noted that the move was a valuation call. BidaskClub raised The Cheesecake Factory from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Telsey Advisory Group lowered their price target on The Cheesecake Factory from $66.00 to $62.00 and set an “outperform” rating for the company in a research report on Wednesday, June 14th. Finally, Maxim Group raised The Cheesecake Factory from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a research report on Wednesday, June 14th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $54.78.

About The Cheesecake Factory

The Cheesecake Factory Incorporated is engaged in the restaurant and bakery business. As of March 2, 2017, the Company operated 208 Company-owned restaurants: 194 under The Cheesecake Factory mark, 13 under the Grand Lux Cafe mark and one under the Rock Sugar Pan Asian Kitchen mark. The Company’s segments include The Cheesecake Factory restaurants, and other.

Institutional Ownership by Quarter for The Cheesecake Factory (NASDAQ:CAKE)

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