The Cheesecake Factory Incorporated (NASDAQ:CAKE) Shares Bought by Capital Fund Management S.A.

Capital Fund Management S.A. raised its stake in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 1,212.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 197,394 shares of the restaurant operator’s stock after acquiring an additional 182,349 shares during the quarter. Capital Fund Management S.A. owned approximately 0.43% of The Cheesecake Factory worth $9,929,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the stock. HCR Wealth Advisors increased its position in The Cheesecake Factory by 0.3% in the first quarter. HCR Wealth Advisors now owns 4,498 shares of the restaurant operator’s stock worth $285,000 after purchasing an additional 14 shares during the period. Alps Advisors Inc. increased its position in The Cheesecake Factory by 0.3% in the second quarter. Alps Advisors Inc. now owns 7,791 shares of the restaurant operator’s stock worth $392,000 after purchasing an additional 20 shares during the period. Tyers Asset Management LLC increased its position in The Cheesecake Factory by 1.1% in the first quarter. Tyers Asset Management LLC now owns 2,112 shares of the restaurant operator’s stock worth $134,000 after purchasing an additional 22 shares during the period. Bank of Montreal Can increased its position in The Cheesecake Factory by 0.5% in the second quarter. Bank of Montreal Can now owns 5,152 shares of the restaurant operator’s stock worth $259,000 after purchasing an additional 24 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in The Cheesecake Factory by 0.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,510 shares of the restaurant operator’s stock worth $327,000 after purchasing an additional 26 shares during the period. 96.38% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently issued reports on CAKE. Stephens reiterated an “equal weight” rating and issued a $48.00 price objective (down from $55.00) on shares of The Cheesecake Factory in a research report on Wednesday, August 9th. Maxim Group restated a “buy” rating and issued a $57.00 target price (down previously from $65.00) on shares of The Cheesecake Factory in a research note on Wednesday, August 9th. Barclays PLC restated an “equal weight” rating and issued a $48.00 target price (down previously from $53.00) on shares of The Cheesecake Factory in a research note on Thursday, August 3rd. Instinet restated a “neutral” rating and issued a $44.00 target price (down previously from $50.00) on shares of The Cheesecake Factory in a research note on Wednesday, August 9th. Finally, Canaccord Genuity restated a “hold” rating on shares of The Cheesecake Factory in a research note on Friday, August 4th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $54.44.

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The Cheesecake Factory Incorporated (NASDAQ:CAKE) traded up 1.29% during midday trading on Friday, reaching $40.75. The company had a trading volume of 1,570,284 shares. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 14.25 and a beta of 0.34. The company has a 50-day moving average price of $42.74 and a 200-day moving average price of $54.25. The Cheesecake Factory Incorporated has a one year low of $38.34 and a one year high of $67.14.

The Cheesecake Factory (NASDAQ:CAKE) last issued its quarterly earnings results on Wednesday, August 2nd. The restaurant operator reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.02. The business had revenue of $569.87 million for the quarter, compared to the consensus estimate of $573.12 million. The Cheesecake Factory had a return on equity of 22.92% and a net margin of 6.10%. The business’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.78 earnings per share. On average, equities analysts expect that The Cheesecake Factory Incorporated will post $2.66 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 29th. Shareholders of record on Wednesday, August 16th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 2.85%. This is a positive change from The Cheesecake Factory’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Monday, August 14th. The Cheesecake Factory’s dividend payout ratio is presently 40.70%.

The Cheesecake Factory Company Profile

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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