The Cheesecake Factory Inc. (CAKE) Insider Cheryl Slomann Sells 1,000 Shares
The Cheesecake Factory Inc. (NASDAQ:CAKE) insider Cheryl Slomann sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, November 29th. The shares were sold at an average price of $59.38, for a total transaction of $59,380.00. Following the sale, the insider now directly owns 11,089 shares in the company, valued at approximately $658,464.82. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Cheryl Slomann also recently made the following trade(s):
- On Thursday, November 17th, Cheryl Slomann sold 1,000 shares of The Cheesecake Factory stock. The shares were sold at an average price of $57.13, for a total transaction of $57,130.00.
The Cheesecake Factory Inc. (NASDAQ:CAKE) opened at 59.13 on Wednesday. The company has a 50 day moving average of $54.02 and a 200-day moving average of $51.36. The Cheesecake Factory Inc. has a 12-month low of $44.16 and a 12-month high of $60.19. The stock has a market capitalization of $2.71 billion, a price-to-earnings ratio of 21.92 and a beta of 0.15.
The Cheesecake Factory (NASDAQ:CAKE) last issued its 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 firm had revenue of $560 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.59 earnings per share. On average, equities research analysts forecast that The Cheesecake Factory Inc. will post $2.84 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, November 22nd. Investors of record on Wednesday, November 9th were given a $0.24 dividend. The ex-dividend date was Monday, November 7th. This represents a $0.96 dividend on an annualized basis and a yield of 1.62%. The Cheesecake Factory’s dividend payout ratio is currently 35.56%.
A number of large investors have recently modified their holdings of the stock. Victory Capital Management Inc. raised its stake 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 worth $105,000 after buying an additional 955 shares in 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 worth $113,000 after buying an additional 1,131 shares during the last quarter. 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 worth $132,000 after buying an additional 1,090 shares during the last quarter. KBC Group NV bought a new position in shares of The Cheesecake Factory during the third quarter worth about $134,000. 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 worth $170,000 after buying an additional 13 shares during the last quarter. Hedge funds and other institutional investors own 91.83% of the company’s stock.
CAKE has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of The Cheesecake Factory from a “buy” rating to a “hold” rating in a report on Thursday, August 4th. Canaccord Genuity initiated coverage on shares of The Cheesecake Factory in a report on Monday, August 22nd. They set a “hold” rating and a $54.00 price target on the stock. Robert W. Baird reiterated a “neutral” rating on shares of The Cheesecake Factory in a research note on Thursday, September 8th. Maxim Group increased their price objective on shares of The Cheesecake Factory from $57.00 to $59.00 and gave the stock a “buy” rating in a research note on Thursday, October 27th. Finally, Jefferies Group reiterated a “hold” rating and issued a $51.00 price objective (up previously from $49.00) on shares of The Cheesecake Factory in a research note on Friday, October 28th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $56.26.
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.
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