Russell Investments Group Ltd. boosted its position in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 0.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 72,247 shares of the restaurant operator’s stock after buying an additional 410 shares during the period. Russell Investments Group Ltd. owned approximately 0.16% of The Cheesecake Factory worth $3,634,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. First Citizens Bank & Trust Co. purchased a new stake in shares of The Cheesecake Factory during the second quarter worth approximately $330,000. BB&T Corp increased its stake in shares of The Cheesecake Factory by 10.3% in the second quarter. BB&T Corp now owns 61,152 shares of the restaurant operator’s stock worth $3,076,000 after buying an additional 5,719 shares in the last quarter. Legato Capital Management LLC increased its stake in shares of The Cheesecake Factory by 1,639.9% in the second quarter. Legato Capital Management LLC now owns 15,798 shares of the restaurant operator’s stock worth $749,000 after buying an additional 14,890 shares in the last quarter. State Treasurer State of Michigan increased its stake in shares of The Cheesecake Factory by 2.2% in the second quarter. State Treasurer State of Michigan now owns 18,399 shares of the restaurant operator’s stock worth $925,000 after buying an additional 400 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its stake in shares of The Cheesecake Factory by 3.6% in the second quarter. Louisiana State Employees Retirement System now owns 11,600 shares of the restaurant operator’s stock worth $583,000 after buying an additional 400 shares in the last quarter. 96.38% of the stock is currently owned by institutional investors.

Shares of The Cheesecake Factory Incorporated (NASDAQ CAKE) traded down 0.12% during mid-day trading on Monday, reaching $41.58. 374,806 shares of the company were exchanged. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 14.54 and a beta of 0.31. The Cheesecake Factory Incorporated has a 12 month low of $40.96 and a 12 month high of $67.14. The company’s 50-day moving average is $46.62 and its 200 day moving average is $56.35.

The Cheesecake Factory (NASDAQ:CAKE) last announced its earnings results on Wednesday, August 2nd. The restaurant operator reported $0.78 earnings per share for the quarter, beating the Zacks’ 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 company had revenue of $569.87 million during the quarter, compared to analyst estimates of $573.12 million. During the same period last year, the company posted $0.78 earnings per share. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. Analysts predict that The Cheesecake Factory Incorporated will post $2.67 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 29th. Stockholders of record on Wednesday, August 16th will be paid a $0.29 dividend. The ex-dividend date is Monday, August 14th. This is a positive change from The Cheesecake Factory’s previous quarterly dividend of $0.24. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.79%. The Cheesecake Factory’s dividend payout ratio (DPR) is 40.70%.

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A number of brokerages have commented on CAKE. Robert W. Baird reissued a “neutral” rating and issued a $49.00 price objective (down from $57.00) on shares of The Cheesecake Factory in a research report on Wednesday, August 9th. Stephens reaffirmed an “equal weight” rating and issued a $48.00 target price (down from $55.00) on shares of The Cheesecake Factory in a research report on Wednesday, August 9th. Barclays PLC reaffirmed an “equal weight” rating and issued a $48.00 target price (down from $53.00) on shares of The Cheesecake Factory in a research report on Wednesday, August 9th. Instinet reaffirmed a “neutral” rating and issued a $44.00 target price (down from $50.00) on shares of The Cheesecake Factory in a research report on Wednesday, August 9th. Finally, Maxim Group reaffirmed a “buy” rating and issued a $57.00 target price (down from $65.00) on shares of The Cheesecake Factory in a research report on Wednesday, August 9th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $54.78.

In other news, VP Debby R. Zurzolo sold 6,424 shares of the firm’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $59.09, for a total value of $379,594.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 8.50% of the company’s stock.

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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