Great West Life Assurance Co. Can increased its position in Cheesecake Factory Inc (NASDAQ:CAKE) by 1.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 651,200 shares of the restaurant operator’s stock after acquiring an additional 9,940 shares during the period. Great West Life Assurance Co. Can’s holdings in Cheesecake Factory were worth $35,883,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Shufro Rose & Co. LLC grew its holdings in shares of Cheesecake Factory by 16.0% in the first quarter. Shufro Rose & Co. LLC now owns 7,250 shares of the restaurant operator’s stock worth $350,000 after acquiring an additional 1,000 shares during the period. Mutual of America Capital Management LLC grew its holdings in Cheesecake Factory by 3.3% during the second quarter. Mutual of America Capital Management LLC now owns 36,439 shares of the restaurant operator’s stock valued at $2,006,000 after purchasing an additional 1,171 shares during the period. BB&T Securities LLC grew its holdings in Cheesecake Factory by 4.3% during the first quarter. BB&T Securities LLC now owns 29,620 shares of the restaurant operator’s stock valued at $1,428,000 after purchasing an additional 1,228 shares during the period. Eliot Finkel Investment Counsel LLC grew its holdings in Cheesecake Factory by 3.4% during the first quarter. Eliot Finkel Investment Counsel LLC now owns 40,475 shares of the restaurant operator’s stock valued at $1,952,000 after purchasing an additional 1,340 shares during the period. Finally, SG Americas Securities LLC grew its holdings in Cheesecake Factory by 5.2% during the first quarter. SG Americas Securities LLC now owns 30,823 shares of the restaurant operator’s stock valued at $1,486,000 after purchasing an additional 1,530 shares during the period.

Shares of Cheesecake Factory stock opened at $52.98 on Friday. Cheesecake Factory Inc has a 52 week low of $38.34 and a 52 week high of $60.19. The stock has a market capitalization of $2.42 billion, a PE ratio of 20.38, a price-to-earnings-growth ratio of 1.51 and a beta of 0.30. The company has a current ratio of 0.48, a quick ratio of 0.38 and a debt-to-equity ratio of 0.03.

Cheesecake Factory (NASDAQ:CAKE) last announced its quarterly earnings data on Tuesday, July 31st. The restaurant operator reported $0.65 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by ($0.16). Cheesecake Factory had a net margin of 6.00% and a return on equity of 17.87%. The business had revenue of $593.20 million during the quarter, compared to analysts’ expectations of $592.40 million. During the same quarter in the previous year, the firm earned $0.78 earnings per share. Cheesecake Factory’s revenue was up 4.1% on a year-over-year basis. equities research analysts anticipate that Cheesecake Factory Inc will post 2.43 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 28th. Stockholders of record on Wednesday, August 15th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 2.49%. This is an increase from Cheesecake Factory’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Tuesday, August 14th. Cheesecake Factory’s payout ratio is presently 50.77%.

CAKE has been the subject of several recent research reports. Maxim Group boosted their price target on Cheesecake Factory from $57.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, June 14th. Bank of America boosted their price target on Cheesecake Factory from $52.00 to $55.00 and gave the company a “neutral” rating in a report on Thursday, June 14th. BidaskClub raised Cheesecake Factory from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 24th. ValuEngine lowered Cheesecake Factory from a “hold” rating to a “sell” rating in a report on Tuesday, May 22nd. Finally, Barclays boosted their price target on Cheesecake Factory from $52.00 to $56.00 and gave the company a “$58.55” rating in a report on Wednesday, July 18th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $51.73.

In other news, insider Cheryl Slomann sold 1,005 shares of the business’s stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $52.94, for a total value of $53,204.70. Following the transaction, the insider now directly owns 12,106 shares in the company, valued at $640,891.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Edie A. Ames acquired 500 shares of the stock in a transaction dated Wednesday, August 22nd. The stock was acquired at an average price of $52.83 per share, for a total transaction of $26,415.00. Following the completion of the transaction, the director now directly owns 1,430 shares of the company’s stock, valued at $75,546.90. The disclosure for this purchase can be found here. 8.80% of the stock is owned by insiders.

Cheesecake Factory Profile

The Cheesecake Factory Incorporated operates restaurants in the United States. The company produces cheesecakes and other baked products for own restaurants and international licensees, as well as external foodservice operators, retailers, and distributors. As of August 7, 2018, it operated 214 company-owned restaurants, including 198 restaurants under The Cheesecake Factory brand; 14 restaurants under the Grand Lux Cafe brand; and 2 restaurants under the RockSugar Southeast Asian Kitchen brand, as well as 21 The Cheesecake Factory branded restaurants under licensing agreements internationally.

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

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