Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 11.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,587,785 shares of the restaurant operator’s stock after purchasing an additional 161,779 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned about 3.45% of The Cheesecake Factory worth $79,866,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of CAKE. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in The Cheesecake Factory by 32.2% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,621 shares of the restaurant operator’s stock worth $103,000 after purchasing an additional 395 shares during the period. TrimTabs Asset Management LLC increased its stake in The Cheesecake Factory by 89.0% during the first quarter. TrimTabs Asset Management LLC now owns 2,056 shares of the restaurant operator’s stock worth $130,000 after purchasing an additional 968 shares during the period. Parallel Advisors LLC increased its stake in The Cheesecake Factory by 13.5% during the first quarter. Parallel Advisors LLC now owns 1,974 shares of the restaurant operator’s stock worth $132,000 after purchasing an additional 235 shares during the period. Tyers Asset Management LLC increased its stake in The Cheesecake Factory by 1.1% during 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. Finally, Victory Capital Management Inc. increased its stake in The Cheesecake Factory by 17.6% during the second quarter. Victory Capital Management Inc. now owns 3,216 shares of the restaurant operator’s stock worth $162,000 after purchasing an additional 482 shares during the period. Institutional investors own 96.38% of the company’s stock.

A number of analysts recently weighed in on the stock. Barclays PLC restated an “equal weight” rating and set a $48.00 target price (down from $53.00) on shares of The Cheesecake Factory in a research note on Wednesday, August 9th. Robert W. Baird set a $49.00 target price on shares of The Cheesecake Factory and gave the stock a “hold” rating in a research note on Thursday, August 3rd. Telsey Advisory Group cut their target price on shares of The Cheesecake Factory from $66.00 to $62.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 14th. Stephens restated an “equal weight” rating and set a $48.00 target price (down from $55.00) on shares of The Cheesecake Factory in a research note on Wednesday, August 9th. Finally, Canaccord Genuity restated a “hold” rating and set a $60.00 target price on shares of The Cheesecake Factory in a research note on Friday, June 16th. Three equities research 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’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $54.78.

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The Cheesecake Factory Incorporated (CAKE) traded down 0.29% during midday trading on Monday, hitting $41.31. The stock had a trading volume of 826,110 shares. The company has a 50-day moving average price of $45.44 and a 200-day moving average price of $55.63. The Cheesecake Factory Incorporated has a 12-month low of $40.22 and a 12-month high of $67.14. The company has a market cap of $1.90 billion, a price-to-earnings ratio of 14.45 and a beta of 0.34.

The Cheesecake Factory (NASDAQ:CAKE) last released its quarterly earnings data on Wednesday, August 2nd. The restaurant operator reported $0.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.02. The Cheesecake Factory had a return on equity of 22.92% and a net margin of 6.10%. The business had revenue of $569.87 million during the quarter, compared to analyst estimates of $573.12 million. During the same quarter in the previous year, the firm posted $0.78 EPS. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. Equities analysts anticipate that The Cheesecake Factory Incorporated will post $2.66 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 29th. Investors of record on Wednesday, August 16th were given a dividend of $0.29 per share. The ex-dividend date was Monday, August 14th. This represents a $1.16 dividend on an annualized basis and a yield of 2.81%. This is a positive change from The Cheesecake Factory’s previous quarterly dividend of $0.24. The Cheesecake Factory’s payout ratio is currently 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.

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Institutional Ownership by Quarter for The Cheesecake Factory (NASDAQ:CAKE)

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