The Cheesecake Factory Inc. (NASDAQ:CAKE) Chairman David Overton sold 109,539 shares of the company’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $57.66, for a total value of $6,316,018.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

The Cheesecake Factory Inc. (NASDAQ:CAKE) traded up 1.00% during midday trading on Monday, hitting $58.50. The stock had a trading volume of 597,042 shares. The stock has a market cap of $2.68 billion, a P/E ratio of 21.68 and a beta of 0.15. The company’s 50-day moving average price is $52.46 and its 200 day moving average price is $51.05. The Cheesecake Factory Inc. has a 12-month low of $44.16 and a 12-month high of $60.16.

The Cheesecake Factory (NASDAQ:CAKE) last issued its quarterly earnings results on Wednesday, October 26th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.09. The Cheesecake Factory had a return on equity of 22.76% and a net margin of 6.11%. The business had revenue of $560 million for the quarter, compared to the consensus estimate of $356.58 million. During the same quarter in the previous year, the company posted $0.59 earnings per share. The Cheesecake Factory’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, equities research analysts predict that The Cheesecake Factory Inc. will post $2.84 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for The Cheesecake Factory (NASDAQ:CAKE)

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 22nd. Stockholders of record on Wednesday, November 9th will be issued a dividend of $0.24 per share. The ex-dividend date is Monday, November 7th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.64%. The Cheesecake Factory’s dividend payout ratio is 35.56%.

Several hedge funds and other institutional investors have recently modified their holdings of CAKE. Vanguard Group Inc. increased its position in shares of The Cheesecake Factory by 5.0% in the second quarter. Vanguard Group Inc. now owns 3,344,266 shares of the company’s stock worth $160,992,000 after buying an additional 159,860 shares in the last quarter. BlackRock Fund Advisors increased its position in shares of The Cheesecake Factory by 5.7% in the third quarter. BlackRock Fund Advisors now owns 2,379,057 shares of the company’s stock worth $119,096,000 after buying an additional 127,771 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of The Cheesecake Factory by 7.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,607,009 shares of the company’s stock worth $77,361,000 after buying an additional 117,546 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of The Cheesecake Factory by 16.1% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,390,747 shares of the company’s stock worth $69,620,000 after buying an additional 193,125 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of The Cheesecake Factory by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,233,310 shares of the company’s stock worth $59,371,000 after buying an additional 9,901 shares in the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

Several equities analysts recently weighed in on CAKE shares. Maxim Group downgraded The Cheesecake Factory from a “buy” rating to a “hold” rating and set a $59.00 target price on the stock. in a research report on Tuesday, November 15th. Robert W. Baird reiterated a “neutral” rating on shares of The Cheesecake Factory in a research report on Thursday, September 8th. Argus upgraded The Cheesecake Factory from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a research report on Tuesday, November 15th. They noted that the move was a valuation call. Zacks Investment Research upgraded The Cheesecake Factory from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research report on Tuesday, September 27th. Finally, Stifel Nicolaus downgraded The Cheesecake Factory from a “buy” rating to a “sell” rating and reduced their target price for the stock from $65.00 to $43.00 in a research report on Tuesday, July 26th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $56.26.

About The Cheesecake Factory

The Cheesecake Factory Incorporated is engaged in the restaurant and bakery business. The Company operates approximately 200 Company-owned restaurants, including approximately 190 restaurants under The Cheesecake Factory mark and approximately 10 restaurants under the Grand Lux Cafe mark. The Company’s segments include The Cheesecake Factory restaurants, and other, which includes Grand Lux Cafe, RockSugar Pan Asian Kitchen, bakery and international licensing.

5 Day Chart for NASDAQ:CAKE

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