Jupiter Topco LLC bought a new stake in The Cheesecake Factory Incorporated (NASDAQ:CAKE – Free Report) in the 2nd quarter, Holdings Channel.com reports. The fund bought 20,562 shares of the restaurant operator’s stock, valued at approximately $1,636,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of CAKE. Truist Financial Corp increased its stake in Cheesecake Factory by 3.0% during the 4th quarter. Truist Financial Corp now owns 6,187 shares of the restaurant operator’s stock worth $312,000 after buying an additional 181 shares during the period. Oregon Public Employees Retirement Fund grew its stake in Cheesecake Factory by 1.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 10,487 shares of the restaurant operator’s stock worth $529,000 after purchasing an additional 200 shares in the last quarter. California State Teachers Retirement System increased its holdings in Cheesecake Factory by 0.5% during the 2nd quarter. California State Teachers Retirement System now owns 44,527 shares of the restaurant operator’s stock worth $2,790,000 after purchasing an additional 203 shares during the period. Money Concepts Capital Corp raised its position in Cheesecake Factory by 3.8% in the 1st quarter. Money Concepts Capital Corp now owns 5,802 shares of the restaurant operator’s stock valued at $318,000 after purchasing an additional 210 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its position in Cheesecake Factory by 5.9% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 4,642 shares of the restaurant operator’s stock valued at $234,000 after purchasing an additional 260 shares in the last quarter. 94.48% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, Director Edie Ames sold 3,000 shares of Cheesecake Factory stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $106.95, for a total value of $320,850.00. Following the sale, the director directly owned 10,000 shares in the company, valued at $1,069,500. This trade represents a 23.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Scarlett May sold 7,978 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $102.66, for a total transaction of $819,021.48. Following the transaction, the executive vice president owned 18,241 shares in the company, valued at $1,872,621.06. This represents a 30.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 213,749 shares of company stock valued at $22,301,899 in the last three months. 8.00% of the stock is owned by corporate insiders.
Analyst Ratings Changes
View Our Latest Analysis on Cheesecake Factory
Cheesecake Factory Price Performance
Shares of NASDAQ CAKE opened at $107.58 on Friday. The company’s 50-day moving average price is $97.08 and its 200 day moving average price is $74.91. The company has a current ratio of 0.59, a quick ratio of 0.52 and a debt-to-equity ratio of 1.08. The stock has a market cap of $5.35 billion, a price-to-earnings ratio of 29.15, a PEG ratio of 1.81 and a beta of 1.01. The Cheesecake Factory Incorporated has a 52 week low of $43.07 and a 52 week high of $118.46.
Cheesecake Factory (NASDAQ:CAKE – Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The restaurant operator reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.26. Cheesecake Factory had a net margin of 4.61% and a return on equity of 43.97%. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $999.54 million. During the same period in the previous year, the firm earned $1.16 earnings per share. Cheesecake Factory’s revenue for the quarter was up 7.7% on a year-over-year basis. As a group, research analysts forecast that The Cheesecake Factory Incorporated will post 4.52 earnings per share for the current fiscal year.
Cheesecake Factory Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Tuesday, August 11th were given a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, August 11th. This represents a $1.20 annualized dividend and a yield of 1.1%. Cheesecake Factory’s dividend payout ratio (DPR) is currently 32.52%.
Cheesecake Factory Company Profile
The Cheesecake Factory Incorporated (NASDAQ:CAKE) is an American restaurant company and distributor renowned for its full-service casual-dining concept and specialty cheesecakes. Headquartered in Calabasas Hills, California, the company operates more than 200 restaurants under The Cheesecake Factory® brand across the United States, Puerto Rico and select international markets. In addition to sit-down dining, Cheesecake Factory franchised locations offer catering and take-out services, while a separate manufacturing arm supplies branded cheesecakes and desserts to supermarkets, hotels and other foodservice operators.
The origins of the brand trace back to a small cheesecake bakery founded in Detroit in the 1940s.
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