The Cheesecake Factory Incorporated $CAKE Shares Acquired by Headlands Technologies LLC

Headlands Technologies LLC increased its position in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 29.7% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 42,640 shares of the restaurant operator’s stock after purchasing an additional 9,765 shares during the quarter. Headlands Technologies LLC’s holdings in Cheesecake Factory were worth $3,392,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Truist Financial Corp grew its position in Cheesecake Factory by 3.0% in the fourth quarter. Truist Financial Corp now owns 6,187 shares of the restaurant operator’s stock worth $312,000 after acquiring an additional 181 shares during the period. Oregon Public Employees Retirement Fund lifted its stake in shares of Cheesecake Factory by 1.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 10,487 shares of the restaurant operator’s stock valued at $529,000 after purchasing an additional 200 shares during the last quarter. California State Teachers Retirement System lifted its stake in shares of Cheesecake Factory by 0.5% in the 2nd quarter. California State Teachers Retirement System now owns 44,527 shares of the restaurant operator’s stock valued at $2,790,000 after purchasing an additional 203 shares during the last quarter. Money Concepts Capital Corp grew its holdings in shares of Cheesecake Factory by 3.8% during the 1st quarter. Money Concepts Capital Corp now owns 5,802 shares of the restaurant operator’s stock worth $318,000 after purchasing an additional 210 shares during the period. Finally, Mercer Global Advisors Inc. ADV increased its position in shares of Cheesecake Factory by 5.9% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 4,642 shares of the restaurant operator’s stock worth $234,000 after purchasing an additional 260 shares during the last quarter. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Cheesecake Factory Stock Performance

NASDAQ CAKE opened at $112.07 on Monday. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.59 and a quick ratio of 0.52. The company has a market cap of $5.58 billion, a P/E ratio of 30.37, a P/E/G ratio of 1.99 and a beta of 1.00. The stock has a 50-day moving average of $94.09 and a two-hundred day moving average of $73.32. The Cheesecake Factory Incorporated has a 1-year low of $43.07 and a 1-year high of $118.46.

Cheesecake Factory (NASDAQ:CAKE) last issued its quarterly earnings results on Tuesday, July 28th. The restaurant operator reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.26. Cheesecake Factory had a net margin of 4.61% and a return on equity of 43.97%. The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $999.54 million. During the same quarter in the prior year, the company earned $1.16 earnings per share. The business’s quarterly revenue was up 7.7% on a year-over-year basis. As a group, analysts anticipate that The Cheesecake Factory Incorporated will post 4.52 EPS for the current year.

Cheesecake Factory Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Tuesday, August 11th were issued a dividend of $0.30 per share. The ex-dividend date was Tuesday, August 11th. This represents a $1.20 dividend on an annualized basis and a yield of 1.1%. Cheesecake Factory’s dividend payout ratio is 32.52%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Argus boosted their price objective on shares of Cheesecake Factory from $72.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, July 30th. UBS Group lifted their price target on shares of Cheesecake Factory from $53.00 to $60.00 and gave the company a “sell” rating in a research report on Thursday, July 23rd. Jefferies Financial Group downgraded shares of Cheesecake Factory from a “buy” rating to a “hold” rating and boosted their price target for the company from $75.00 to $88.00 in a research note on Wednesday, July 29th. Oppenheimer upped their price objective on shares of Cheesecake Factory from $91.00 to $101.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Finally, Bank of America lifted their target price on shares of Cheesecake Factory from $66.00 to $79.00 and gave the company a “neutral” rating in a report on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $83.47.

Insider Buying and Selling

In other Cheesecake Factory news, CFO Matthew Eliot Clark sold 68,900 shares of the business’s stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $99.30, for a total value of $6,841,770.00. Following the completion of the transaction, the chief financial officer owned 45,109 shares in the company, valued at $4,479,323.70. The trade was a 60.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Ashley W. Hanscom sold 3,500 shares of the company’s stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $100.00, for a total value of $350,000.00. Following the sale, the insider directly owned 7,541 shares in the company, valued at $754,100. This represents a 31.70% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 216,239 shares of company stock worth $22,463,500 over the last three months. 8.00% of the stock is owned by insiders.

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.