The Cheesecake Factory Inc. (NASDAQ:CAKE) VP Debby R. Zurzolo sold 600 shares of the firm’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $59.00, for a total value of $35,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Debby R. Zurzolo also recently made the following trade(s):

  • On Monday, November 21st, Debby R. Zurzolo sold 4,400 shares of The Cheesecake Factory stock. The stock was sold at an average price of $57.08, for a total value of $251,152.00.

Shares of The Cheesecake Factory Inc. (NASDAQ:CAKE) traded up 0.799% during mid-day trading on Wednesday, hitting $59.955. The stock had a trading volume of 182,587 shares. The Cheesecake Factory Inc. has a 12-month low of $44.16 and a 12-month high of $60.19. The stock’s 50-day moving average price is $53.11 and its 200-day moving average price is $51.18. The stock has a market capitalization of $2.75 billion, a price-to-earnings ratio of 22.222 and a beta of 0.15.

The Cheesecake Factory (NASDAQ:CAKE) last posted its quarterly earnings data on Wednesday, October 26th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $560 million for the quarter, compared to the consensus estimate of $356.58 million. During the same quarter in the prior year, the business earned $0.59 EPS. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, equities analysts anticipate that The Cheesecake Factory Inc. will post $2.84 EPS for the current fiscal year.

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

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 22nd. Shareholders of record on Wednesday, November 9th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.61%. The ex-dividend date was Monday, November 7th. The Cheesecake Factory’s dividend payout ratio is 35.56%.

Several analysts recently issued reports on the company. Stephens downgraded The Cheesecake Factory from an “overweight” rating to an “equal weight” rating in a report on Wednesday, November 16th. 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. Maxim Group cut 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. Telsey Advisory Group upgraded The Cheesecake Factory from a “market perform” rating to an “outperform” rating and raised their target price for the company from $56.00 to $61.00 in a research report on Wednesday, November 9th. Finally, Jefferies Group restated a “hold” rating and issued a $51.00 target price (up from $49.00) on shares of The Cheesecake Factory in a research report on Friday, October 28th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $56.26.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC increased its position in The Cheesecake Factory by 1.8% in the first quarter. Geode Capital Management LLC now owns 302,183 shares of the company’s stock valued at $16,042,000 after buying an additional 5,398 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in shares of The Cheesecake Factory by 1.3% in the first quarter. Metropolitan Life Insurance Co. NY now owns 73,198 shares of the company’s stock valued at $3,886,000 after buying an additional 906 shares during the last quarter. BlueMountain Capital Management LLC boosted its stake in shares of The Cheesecake Factory by 263.4% in the first quarter. BlueMountain Capital Management LLC now owns 13,124 shares of the company’s stock valued at $697,000 after buying an additional 9,513 shares during the last quarter. Boothbay Fund Management LLC acquired a new stake in shares of The Cheesecake Factory during the first quarter valued at approximately $563,000. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of The Cheesecake Factory by 139.2% in the second quarter. BNP Paribas Arbitrage SA now owns 55,512 shares of the company’s stock valued at $2,672,000 after buying an additional 32,307 shares during the last quarter. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

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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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