Y Intercept Hong Kong Ltd Buys Shares of 3,666 The Cheesecake Factory Incorporated $CAKE

Y Intercept Hong Kong Ltd purchased a new position in The Cheesecake Factory Incorporated (NASDAQ:CAKE) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,666 shares of the restaurant operator’s stock, valued at approximately $230,000.

Other large investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its stake in Cheesecake Factory by 2.2% in the first quarter. Principal Financial Group Inc. now owns 274,877 shares of the restaurant operator’s stock worth $13,376,000 after acquiring an additional 6,047 shares during the period. Foundry Partners LLC purchased a new stake in shares of Cheesecake Factory in the 1st quarter worth approximately $299,000. Informed Momentum Co LLC bought a new position in shares of Cheesecake Factory during the first quarter valued at approximately $3,023,000. Maverick Capital Ltd. increased its holdings in Cheesecake Factory by 217.4% during the first quarter. Maverick Capital Ltd. now owns 27,894 shares of the restaurant operator’s stock valued at $1,357,000 after buying an additional 19,105 shares during the period. Finally, Headlands Technologies LLC raised its stake in Cheesecake Factory by 50.6% in the first quarter. Headlands Technologies LLC now owns 33,703 shares of the restaurant operator’s stock worth $1,640,000 after buying an additional 11,318 shares in the last quarter. 94.48% of the stock is owned by hedge funds and other institutional investors.

Cheesecake Factory Stock Performance

Shares of CAKE opened at $47.45 on Friday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.42 and a current ratio of 0.51. The stock has a 50-day moving average of $54.71 and a two-hundred day moving average of $57.50. The stock has a market cap of $2.37 billion, a P/E ratio of 14.38, a P/E/G ratio of 1.21 and a beta of 1.08. The Cheesecake Factory Incorporated has a one year low of $42.69 and a one year high of $69.70.

Cheesecake Factory (NASDAQ:CAKE) last released its quarterly earnings data on Monday, November 3rd. The restaurant operator reported $0.68 EPS for the quarter, topping the consensus estimate of $0.60 by $0.08. The business had revenue of $907.23 million for the quarter, compared to analyst estimates of $912.95 million. Cheesecake Factory had a return on equity of 47.25% and a net margin of 4.33%.The business’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.58 EPS. As a group, research analysts predict that The Cheesecake Factory Incorporated will post 3.71 EPS for the current year.

Cheesecake Factory Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 25th. Shareholders of record on Tuesday, November 11th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Monday, November 10th. Cheesecake Factory’s dividend payout ratio (DPR) is 32.73%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CAKE. Citigroup cut their price target on Cheesecake Factory from $68.00 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, October 29th. Piper Sandler raised their price objective on Cheesecake Factory from $54.00 to $62.00 and gave the company a “neutral” rating in a research report on Monday, August 4th. Morgan Stanley set a $49.00 target price on shares of Cheesecake Factory in a report on Wednesday, October 29th. Mizuho set a $65.00 price target on shares of Cheesecake Factory and gave the company an “outperform” rating in a report on Wednesday, October 29th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cheesecake Factory in a research report on Wednesday, October 8th. Ten investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $59.18.

Insider Buying and Selling at Cheesecake Factory

In other Cheesecake Factory news, President David M. Gordon sold 43,335 shares of the company’s stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $63.06, for a total value of $2,732,705.10. Following the completion of the sale, the president directly owned 24,532 shares in the company, valued at $1,546,987.92. This represents a 63.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 8.40% of the stock is currently owned by corporate insiders.

About Cheesecake Factory

The Cheesecake Factory Incorporated operates and licenses restaurants in the United States and Canada. The company operates bakeries that produce cheesecakes and other baked products for its restaurants, international licensees, third-party bakery customers, external foodservice operators, retailers, and distributors.