Epoch Investment Partners Inc. boosted its position in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 207.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 734,252 shares of the restaurant operator’s stock after purchasing an additional 495,642 shares during the period. Epoch Investment Partners Inc. owned about 1.60% of The Cheesecake Factory worth $30,926,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Koch Industries Inc. bought a new position in The Cheesecake Factory during the 2nd quarter worth about $353,000. Sciencast Management LP bought a new position in The Cheesecake Factory during the 2nd quarter worth about $357,000. Kayne Anderson Rudnick Investment Management LLC increased its holdings in The Cheesecake Factory by 11.3% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,587,785 shares of the restaurant operator’s stock worth $79,866,000 after purchasing an additional 161,779 shares in the last quarter. Bridgewater Associates LP bought a new position in The Cheesecake Factory during the 2nd quarter worth about $606,000. Finally, Long Road Investment Counsel LLC increased its holdings in The Cheesecake Factory by 35.2% during the 2nd quarter. Long Road Investment Counsel LLC now owns 47,079 shares of the restaurant operator’s stock worth $2,368,000 after purchasing an additional 12,260 shares in the last quarter. Hedge funds and other institutional investors own 97.55% of the company’s stock.

Shares of The Cheesecake Factory Incorporated (CAKE) opened at $49.61 on Wednesday. The Cheesecake Factory Incorporated has a one year low of $38.34 and a one year high of $67.14. The stock has a market cap of $2,269.12, a PE ratio of 18.15, a P/E/G ratio of 1.32 and a beta of 0.33. The company has a quick ratio of 0.37, a current ratio of 0.51 and a debt-to-equity ratio of 0.05.

The Cheesecake Factory (NASDAQ:CAKE) last issued its earnings results on Wednesday, November 1st. The restaurant operator reported $0.56 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.04). The Cheesecake Factory had a net margin of 5.76% and a return on equity of 21.65%. The firm had revenue of $555.40 million during the quarter, compared to analyst estimates of $566.09 million. During the same quarter last year, the business posted $0.70 earnings per share. The company’s revenue for the quarter was down .8% on a year-over-year basis. equities analysts predict that The Cheesecake Factory Incorporated will post 2.6 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 28th. Investors of record on Wednesday, November 15th were paid a $0.29 dividend. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $1.16 annualized dividend and a yield of 2.34%. The Cheesecake Factory’s dividend payout ratio (DPR) is currently 42.80%.

Several equities analysts have recently weighed in on CAKE shares. Barclays decreased their price objective on The Cheesecake Factory from $46.00 to $43.00 and set an “equal weight” rating for the company in a report on Thursday, November 2nd. Wells Fargo & Company decreased their price objective on The Cheesecake Factory from $46.00 to $43.00 and set a “market perform” rating for the company in a report on Tuesday, October 24th. Wedbush cut The Cheesecake Factory from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $52.00 to $44.00 in a report on Tuesday, September 26th. Jefferies Group restated a “hold” rating and issued a $46.00 price objective on shares of The Cheesecake Factory in a report on Thursday, September 7th. Finally, Maxim Group restated a “buy” rating and issued a $57.00 price objective (down previously from $65.00) on shares of The Cheesecake Factory in a report on Wednesday, August 9th. Two 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’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $48.00.

In other The Cheesecake Factory news, VP Debby R. Zurzolo sold 2,415 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $44.20, for a total transaction of $106,743.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Herbert Simon acquired 25,000 shares of the business’s stock in a transaction on Monday, November 6th. The shares were bought at an average price of $43.50 per share, with a total value of $1,087,500.00. The disclosure for this purchase can be found here. Company insiders own 8.40% of the company’s stock.

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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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