Aperio Group LLC cut its position in The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 33.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,190 shares of the restaurant operator’s stock after selling 55,288 shares during the quarter. Aperio Group LLC owned about 0.24% of The Cheesecake Factory worth $4,683,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CAKE. Alps Advisors Inc. raised its position in shares of The Cheesecake Factory by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 7,791 shares of the restaurant operator’s stock valued at $392,000 after buying an additional 20 shares in the last quarter. Bank of Montreal Can raised its position in shares of The Cheesecake Factory by 0.5% during the 2nd quarter. Bank of Montreal Can now owns 5,152 shares of the restaurant operator’s stock valued at $259,000 after buying an additional 24 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of The Cheesecake Factory by 0.4% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,510 shares of the restaurant operator’s stock valued at $327,000 after buying an additional 26 shares in the last quarter. Northwestern Mutual Investment Management Company LLC raised its position in shares of The Cheesecake Factory by 0.7% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 7,704 shares of the restaurant operator’s stock valued at $371,000 after buying an additional 55 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of The Cheesecake Factory by 3.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,420 shares of the restaurant operator’s stock valued at $218,000 after buying an additional 109 shares in the last quarter. Institutional investors and hedge funds own 97.76% of the company’s stock.

Shares of The Cheesecake Factory Incorporated (NASDAQ CAKE) opened at $42.77 on Wednesday. The stock has a market cap of $2,049.52, a price-to-earnings ratio of 15.97, a price-to-earnings-growth ratio of 1.16 and a beta of 0.29. The Cheesecake Factory Incorporated has a twelve month low of $38.34 and a twelve month high of $67.14.

The Cheesecake Factory (NASDAQ:CAKE) last announced its quarterly earnings results on Wednesday, November 1st. The restaurant operator reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.04). The firm had revenue of $555.40 million during the quarter, compared to the consensus estimate of $566.09 million. The Cheesecake Factory had a return on equity of 21.65% and a net margin of 5.76%. The Cheesecake Factory’s revenue was down .8% on a year-over-year basis. During the same period last year, the business earned $0.70 EPS. equities analysts anticipate that The Cheesecake Factory Incorporated will post 2.61 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 28th. Shareholders of record on Wednesday, November 15th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date is Tuesday, November 14th. The Cheesecake Factory’s dividend payout ratio (DPR) is presently 42.80%.

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In other news, Director Herbert Simon purchased 25,000 shares of the business’s stock in a transaction on Monday, November 6th. The shares were acquired at an average price of $43.50 per share, with a total value of $1,087,500.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 8.40% of the stock is owned by company insiders.

Several analysts have recently weighed in on the stock. Robert W. Baird restated a “hold” rating and set a $46.00 price objective on shares of The Cheesecake Factory in a research report on Friday, November 3rd. Barclays PLC lowered their price objective on shares of The Cheesecake Factory from $46.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 2nd. Morgan Stanley lowered their price objective on shares of The Cheesecake Factory from $48.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 2nd. Nomura lowered their price objective on shares of The Cheesecake Factory from $43.00 to $40.00 and set a “neutral” rating on the stock in a research report on Thursday, November 2nd. Finally, Zacks Investment Research upgraded shares of The Cheesecake Factory from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $49.24.

About The Cheesecake Factory

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.

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

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