Disciplined Growth Investors Inc. MN Decreases Holdings in The Cheesecake Factory Incorporated (CAKE)
Disciplined Growth Investors Inc. MN lowered its position in The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 1.3% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 1,005,052 shares of the restaurant operator’s stock after selling 12,875 shares during the period. Disciplined Growth Investors Inc. MN owned 2.20% of The Cheesecake Factory worth $42,333,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Victory Capital Management Inc. lifted its holdings in The Cheesecake Factory by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 3,216 shares of the restaurant operator’s stock valued at $162,000 after purchasing an additional 482 shares in the last quarter. Riverhead Capital Management LLC lifted its holdings in The Cheesecake Factory by 105.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,493 shares of the restaurant operator’s stock valued at $176,000 after purchasing an additional 1,793 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new position in The Cheesecake Factory in the 2nd quarter valued at $205,000. BlueMountain Capital Management LLC purchased a new position in The Cheesecake Factory in the 2nd quarter valued at $243,000. Finally, Advisors Asset Management Inc. increased its stake in shares of The Cheesecake Factory by 7.1% in the 2nd quarter. Advisors Asset Management Inc. now owns 4,834 shares of the restaurant operator’s stock worth $243,000 after acquiring an additional 320 shares during the last quarter. Institutional investors own 97.55% of the company’s stock.
Shares of The Cheesecake Factory Incorporated (CAKE) opened at $48.49 on Monday. The company has a current ratio of 0.51, a quick ratio of 0.37 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $2,220.11, a PE ratio of 17.76, a P/E/G ratio of 1.29 and a beta of 0.33. The Cheesecake Factory Incorporated has a 52-week low of $38.34 and a 52-week high of $67.14.
The Cheesecake Factory (NASDAQ:CAKE) last issued its quarterly earnings data on Wednesday, November 1st. The restaurant operator reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.04). The business had revenue of $555.40 million for the quarter, compared to analyst estimates of $566.09 million. The Cheesecake Factory had a return on equity of 21.65% and a net margin of 5.76%. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.70 earnings per share. analysts predict that The Cheesecake Factory Incorporated will post 2.6 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 28th. Investors of record on Wednesday, November 15th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend was Tuesday, November 14th. The Cheesecake Factory’s payout ratio is 42.80%.
CAKE has been the subject of a number of recent research reports. Barclays cut their target price on The Cheesecake Factory from $46.00 to $43.00 and set an “equal weight” rating for the company in a research note on Thursday, November 2nd. Wells Fargo & Company cut their target price on The Cheesecake Factory from $46.00 to $43.00 and set a “market perform” rating for the company in a research note on Tuesday, October 24th. Wedbush downgraded The Cheesecake Factory from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $52.00 to $44.00 in a research note on Tuesday, September 26th. Jefferies Group reaffirmed a “hold” rating and issued a $46.00 target price on shares of The Cheesecake Factory in a research note on Thursday, September 7th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $49.00 target price on shares of The Cheesecake Factory in a research note on Friday, September 8th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $48.00.
In other The Cheesecake Factory news, Director Herbert Simon acquired 25,000 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was purchased at an average cost of $43.50 per share, with a total value of $1,087,500.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Debby R. Zurzolo sold 2,306 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $44.75, for a total value of $103,193.50. The disclosure for this sale can be found here. 8.40% of the stock is currently owned by company insiders.
The Cheesecake Factory Profile
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.
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