The Cheesecake Factory Incorporated (NASDAQ:CAKE) EVP Sells $1,105,816.00 in Stock

The Cheesecake Factory Incorporated (NASDAQ:CAKE) EVP Scarlett May sold 18,800 shares of the stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $58.82, for a total transaction of $1,105,816.00. Following the transaction, the executive vice president now owns 22,872 shares of the company’s stock, valued at approximately $1,345,331.04. The trade was a 45.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Scarlett May also recently made the following trade(s):

• On Thursday, May 29th, Scarlett May sold 20,800 shares of Cheesecake Factory stock. The shares were sold at an average price of $56.02, for a total transaction of $1,165,216.00.

Cheesecake Factory Stock Performance

Shares of CAKE opened at $58.79 on Friday. The Cheesecake Factory Incorporated has a 12-month low of $33.50 and a 12-month high of $59.45. The company has a current ratio of 0.44, a quick ratio of 0.33 and a debt-to-equity ratio of 1.19. The company has a market cap of $2.91 billion, a PE ratio of 18.37, a price-to-earnings-growth ratio of 1.31 and a beta of 1.14. The stock has a 50-day moving average price of $51.80 and a 200-day moving average price of $50.91.

Cheesecake Factory (NASDAQ:CAKE) last issued its quarterly earnings results on Wednesday, April 30th. The restaurant operator reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.12. The firm had revenue of $927.20 million for the quarter, compared to analyst estimates of $927.17 million. Cheesecake Factory had a net margin of 4.38% and a return on equity of 45.89%. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.73 EPS. As a group, equities analysts forecast that The Cheesecake Factory Incorporated will post 3.71 earnings per share for the current fiscal year.

Cheesecake Factory Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Wednesday, May 14th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend was Wednesday, May 14th. Cheesecake Factory’s dividend payout ratio is currently 33.86%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CAKE. Janney Montgomery Scott LLC bought a new stake in Cheesecake Factory in the fourth quarter valued at $270,000. Choreo LLC purchased a new position in Cheesecake Factory during the fourth quarter valued at $215,000. Golden State Wealth Management LLC bought a new stake in shares of Cheesecake Factory during the 4th quarter valued at $25,000. Principal Financial Group Inc. grew its position in shares of Cheesecake Factory by 5.2% in the 4th quarter. Principal Financial Group Inc. now owns 268,830 shares of the restaurant operator’s stock worth $12,753,000 after buying an additional 13,235 shares during the period. Finally, Truist Financial Corp increased its stake in shares of Cheesecake Factory by 3.3% in the 4th quarter. Truist Financial Corp now owns 8,045 shares of the restaurant operator’s stock worth $382,000 after acquiring an additional 257 shares in the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on CAKE shares. Robert W. Baird raised their price target on shares of Cheesecake Factory from $46.00 to $49.00 and gave the stock a “neutral” rating in a research note on Thursday, May 1st. JPMorgan Chase & Co. reduced their target price on shares of Cheesecake Factory from $55.00 to $48.00 and set an “underweight” rating for the company in a research note on Thursday, March 20th. William Blair restated an “outperform” rating on shares of Cheesecake Factory in a research note on Thursday, February 20th. UBS Group lifted their price objective on shares of Cheesecake Factory from $41.00 to $45.00 and gave the company a “sell” rating in a research note on Thursday, February 20th. Finally, Wells Fargo & Company increased their target price on Cheesecake Factory from $45.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 1st. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Cheesecake Factory currently has an average rating of “Hold” and a consensus price target of $54.00.

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.