Cheesecake Factory Inc (NASDAQ:CAKE) insider Cheryl Slomann sold 1,000 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $46.36, for a total transaction of $46,360.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
CAKE stock traded down $0.10 during trading on Friday, hitting $46.64. The company had a trading volume of 17,905 shares, compared to its average volume of 806,045. The company has a market capitalization of $2.11 billion, a PE ratio of 19.20, a P/E/G ratio of 1.36 and a beta of 0.34. Cheesecake Factory Inc has a 52-week low of $41.63 and a 52-week high of $60.19. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.47 and a quick ratio of -0.03.
Cheesecake Factory (NASDAQ:CAKE) last posted its quarterly earnings results on Wednesday, February 20th. The restaurant operator reported $0.60 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.01). The company had revenue of $585.16 million during the quarter, compared to analysts’ expectations of $593.71 million. Cheesecake Factory had a return on equity of 18.78% and a net margin of 4.21%. The company’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.53 EPS. Sell-side analysts forecast that Cheesecake Factory Inc will post 2.62 EPS for the current fiscal year.
Hedge funds have recently bought and sold shares of the stock. Lindbrook Capital LLC purchased a new position in Cheesecake Factory during the 4th quarter valued at about $34,000. We Are One Seven LLC purchased a new position in shares of Cheesecake Factory in the 4th quarter worth approximately $51,000. Acadian Asset Management LLC grew its position in shares of Cheesecake Factory by 109.2% in the 4th quarter. Acadian Asset Management LLC now owns 1,920 shares of the restaurant operator’s stock worth $84,000 after buying an additional 1,002 shares during the last quarter. Dupont Capital Management Corp purchased a new position in shares of Cheesecake Factory in the 4th quarter worth approximately $133,000. Finally, Advisor Group Inc. grew its position in shares of Cheesecake Factory by 127.5% in the 4th quarter. Advisor Group Inc. now owns 4,240 shares of the restaurant operator’s stock worth $185,000 after buying an additional 2,376 shares during the last quarter. 98.26% of the stock is currently owned by institutional investors.
Several research firms recently commented on CAKE. ValuEngine lowered shares of Cheesecake Factory from a “buy” rating to a “hold” rating in a research note on Friday, November 16th. BidaskClub cut shares of Cheesecake Factory from a “hold” rating to a “sell” rating in a report on Saturday, February 2nd. Maxim Group reaffirmed a “buy” rating and set a $60.00 target price (up from $55.00) on shares of Cheesecake Factory in a report on Thursday, February 21st. Bank of America restated a “neutral” rating and set a $50.00 target price (down previously from $56.00) on shares of Cheesecake Factory in a research note on Thursday, February 21st. Finally, Barclays lowered their target price on shares of Cheesecake Factory from $47.00 to $44.00 and set an “underweight” rating on the stock in a research note on Thursday, November 29th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $53.09.
About Cheesecake Factory
The Cheesecake Factory Incorporated operates restaurants in the United States. The company produces cheesecakes and other baked products for own restaurants and international licensees, as well as external foodservice operators, retailers, and distributors. As of November 20, 2018, it operated 217 company-owned restaurants, including 201 restaurants under The Cheesecake Factory brand; 14 restaurants under the Grand Lux Cafe brand; and 2 restaurants under the RockSugar Southeast Asian Kitchen brand, as well as 21 The Cheesecake Factory branded restaurants under licensing agreements internationally.
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