The Cheesecake Factory Inc. (NASDAQ:CAKE) VP Debby R. Zurzolo sold 4,400 shares of the company’s stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $57.08, for a total value of $251,152.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

The Cheesecake Factory Inc. (NASDAQ:CAKE) traded up 0.75% on Tuesday, reaching $58.94. 27,686 shares of the company traded hands. The stock has a market capitalization of $2.70 billion, a PE ratio of 21.85 and a beta of 0.15. The firm has a 50 day moving average of $52.84 and a 200-day moving average of $51.12. The Cheesecake Factory Inc. has a one year low of $44.16 and a one year high of $60.16.

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

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

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

A number of research firms have recently weighed in on CAKE. Stephens lowered The Cheesecake Factory from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, November 16th. Argus raised The Cheesecake Factory from a “hold” rating to a “buy” rating and set a $69.00 price objective on the stock in a research report on Tuesday, November 15th. They noted that the move was a valuation call. Maxim Group lowered The Cheesecake Factory from a “buy” rating to a “hold” rating and set a $59.00 price objective on the stock. in a research report on Tuesday, November 15th. Telsey Advisory Group raised The Cheesecake Factory from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $56.00 to $61.00 in a research report on Wednesday, November 9th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $51.00 price objective (up previously from $49.00) on shares of The Cheesecake Factory in a research report on Friday, October 28th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $56.26.

A number of hedge funds and other institutional investors have recently bought and sold shares of CAKE. Victory Capital Management Inc. increased its position in shares of The Cheesecake Factory by 77.3% in the second quarter. Victory Capital Management Inc. now owns 2,191 shares of the company’s stock valued at $105,000 after buying an additional 955 shares during the last quarter. Huntington National Bank increased its position in shares of The Cheesecake Factory by 93.1% in the second quarter. Huntington National Bank now owns 2,346 shares of the company’s stock valued at $113,000 after buying an additional 1,131 shares during the last quarter. KBC Group NV acquired a new position in shares of The Cheesecake Factory during the third quarter valued at approximately $134,000. LS Investment Advisors LLC increased its position in shares of The Cheesecake Factory by 66.1% in the second quarter. LS Investment Advisors LLC now owns 2,740 shares of the company’s stock valued at $132,000 after buying an additional 1,090 shares during the last quarter. Finally, Bruderman Asset Management LLC increased its position in shares of The Cheesecake Factory by 0.4% in the third quarter. Bruderman Asset Management LLC now owns 3,394 shares of the company’s stock valued at $170,000 after buying an additional 13 shares during the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

The Cheesecake Factory Company Profile

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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