Cheesecake Factory (NASDAQ:CAKE) Director Alexander Cappello Sells 2,490 Shares

The Cheesecake Factory Incorporated (NASDAQ:CAKE) Director Alexander Cappello sold 2,490 shares of Cheesecake Factory stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $64.90, for a total value of $161,601.00. Following the transaction, the director owned 6,171 shares in the company, valued at approximately $400,497.90. The trade was a 28.75% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Cheesecake Factory Stock Performance

Shares of Cheesecake Factory stock opened at $63.84 on Friday. The Cheesecake Factory Incorporated has a one year low of $43.07 and a one year high of $69.70. The company has a market cap of $3.17 billion, a price-to-earnings ratio of 18.67, a PEG ratio of 1.56 and a beta of 1.04. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.53 and a current ratio of 0.59. The business’s 50 day moving average price is $60.31 and its 200 day moving average price is $57.37.

Cheesecake Factory (NASDAQ:CAKE) last announced its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.02. Cheesecake Factory had a return on equity of 43.74% and a net margin of 4.34%.The firm had revenue of $978.83 million for the quarter, compared to the consensus estimate of $964.57 million. During the same quarter last year, the business posted $0.93 earnings per share. The firm’s revenue was up 5.6% compared to the same quarter last year. On average, research analysts predict that The Cheesecake Factory Incorporated will post 4.01 EPS for the current year.

Cheesecake Factory Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Wednesday, May 13th were given a $0.30 dividend. The ex-dividend date was Wednesday, May 13th. This represents a $1.20 dividend on an annualized basis and a yield of 1.9%. Cheesecake Factory’s payout ratio is currently 35.09%.

Institutional Investors Weigh In On Cheesecake Factory

Institutional investors have recently modified their holdings of the company. Salomon & Ludwin LLC grew its stake in shares of Cheesecake Factory by 226.5% in the fourth quarter. Salomon & Ludwin LLC now owns 604 shares of the restaurant operator’s stock valued at $33,000 after buying an additional 419 shares in the last quarter. Global Retirement Partners LLC grew its stake in 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 purchasing an additional 622 shares in the last quarter. NFSG Corp grew its stake in 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 purchasing an additional 366 shares in the last quarter. Root Financial Partners LLC grew its stake in 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 purchasing an additional 798 shares in the last quarter. Finally, Arax Advisory Partners acquired a new position in Cheesecake Factory during the 4th quarter worth $50,000. 94.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CAKE has been the topic of a number of research analyst reports. UBS Group set a $53.00 target price on Cheesecake Factory and gave the company a “sell” rating in a research report on Friday, February 20th. Mizuho set a $75.00 target price on Cheesecake Factory in a research report on Thursday, February 19th. Citigroup lifted their target price on Cheesecake Factory from $75.00 to $76.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Barclays lifted their target price on Cheesecake Factory from $58.00 to $60.00 and gave the company an “underweight” rating in a research report on Thursday, April 30th. Finally, Argus set a $72.00 target price on Cheesecake Factory in a research report on Friday, May 1st. Six equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $64.94.

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.