Public Employees Retirement System of Ohio decreased its holdings in The Cheesecake Factory Incorporated (NASDAQ:CAKE – Free Report) by 17.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 35,804 shares of the restaurant operator’s stock after selling 7,374 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.07% of Cheesecake Factory worth $1,960,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Woodline Partners LP boosted its position in shares of Cheesecake Factory by 1,059.3% during the 3rd quarter. Woodline Partners LP now owns 618,056 shares of the restaurant operator’s stock worth $33,771,000 after purchasing an additional 564,744 shares in the last quarter. Invesco Ltd. grew its stake in shares of Cheesecake Factory by 24.7% during the 3rd quarter. Invesco Ltd. now owns 2,057,118 shares of the restaurant operator’s stock worth $112,401,000 after purchasing an additional 407,223 shares during the period. Millennium Management LLC increased its holdings in shares of Cheesecake Factory by 214.3% in the 4th quarter. Millennium Management LLC now owns 512,085 shares of the restaurant operator’s stock valued at $25,850,000 after purchasing an additional 349,168 shares in the last quarter. Engineers Gate Manager LP increased its holdings in shares of Cheesecake Factory by 1,583.7% in the 4th quarter. Engineers Gate Manager LP now owns 287,219 shares of the restaurant operator’s stock valued at $14,499,000 after purchasing an additional 270,160 shares in the last quarter. Finally, Voloridge Investment Management LLC lifted its stake in shares of Cheesecake Factory by 54.0% in the third quarter. Voloridge Investment Management LLC now owns 747,046 shares of the restaurant operator’s stock valued at $40,819,000 after purchasing an additional 262,081 shares during the period. Institutional investors and hedge funds own 94.48% of the company’s stock.
Wall Street Analysts Forecast Growth
CAKE has been the topic of a number of research analyst reports. Barclays boosted their price objective on shares of Cheesecake Factory from $58.00 to $60.00 and gave the stock an “underweight” rating in a report on Thursday, April 30th. Stephens reaffirmed a “positive” rating on shares of Cheesecake Factory in a report on Wednesday. Weiss Ratings downgraded shares of Cheesecake Factory from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday. JPMorgan Chase & Co. raised Cheesecake Factory from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $58.00 to $68.00 in a research note on Thursday, May 14th. Finally, Zacks Research upgraded Cheesecake Factory from a “hold” rating to a “strong-buy” rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $79.81.
Cheesecake Factory News Summary
Here are the key news stories impacting Cheesecake Factory this week:
- Positive Sentiment: Record quarterly performance: Cheesecake Factory reported its first quarter with revenue above $1 billion, alongside earnings and revenue that exceeded Wall Street expectations. Revenue increased 7.7% year over year, reinforcing the view that stronger traffic and execution are driving the core brand. Cheesecake Factory quarterly revenues surpass $1B for the first time
- Positive Sentiment: Improved analyst outlook: Zacks added CAKE to its Rank #1, or “Strong Buy,” list, citing favorable earnings-estimate revisions. A separate analysis said stronger namesake-brand traffic, menu innovation, digital engagement and brand expansion could support continued growth. Why Cheesecake Factory Might Be Well Poised for a Surge
- Positive Sentiment: Broader bullish sentiment: Seeking Alpha upgraded the stock to Buy after noting improved core traffic, while Stephens and Robert W. Baird raised their price targets. These actions reinforce investor confidence following the earnings beat. The Cheesecake Factory: Core Traffic Improved
- Neutral Sentiment: Customer engagement initiatives: National Cheesecake Day promotions, including half-price slices and a new brownie-toffee flavor, may support near-term traffic and brand visibility, but their effect on earnings is likely limited. The Cheesecake Factory celebrates National Cheesecake Day
- Negative Sentiment: Large insider sale: CFO Matthew Eliot Clark sold 68,900 shares for approximately $6.8 million after exercising options, reducing his direct stake by about 60%. Another insider sold 3,500 shares for $350,000. The transactions may raise caution because they occurred near record highs, although insider sales can also reflect diversification or scheduled compensation activity. What This Cheesecake Factory Insider Sale Means
- Negative Sentiment: Valuation and execution risks: CAKE has more than doubled during 2026, making its valuation richer. Investors are also watching softer North Italia demand and inflation-driven margin pressure, which could challenge the sustainability of the rally. Is CAKE Stock Still Attractive After Its Powerful 2026 Rally?
Insider Transactions at Cheesecake Factory
In related news, insider Ashley W. Hanscom sold 3,500 shares of Cheesecake Factory stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $100.00, for a total transaction of $350,000.00. Following the completion of the transaction, the insider directly owned 7,541 shares in the company, valued at $754,100. The trade was a 31.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Alexander L. Cappello sold 2,490 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $64.90, for a total value of $161,601.00. Following the completion of the sale, the director directly owned 6,171 shares in the company, valued at approximately $400,497.90. The trade was a 28.75% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 74,890 shares of company stock valued at $7,353,371 in the last ninety days. Corporate insiders own 8.00% of the company’s stock.
Cheesecake Factory Price Performance
Cheesecake Factory stock opened at $101.42 on Friday. The firm has a market capitalization of $5.04 billion, a PE ratio of 27.49, a P/E/G ratio of 1.85 and a beta of 1.01. The Cheesecake Factory Incorporated has a 52 week low of $43.07 and a 52 week high of $103.33. The firm’s 50-day simple moving average is $77.60 and its 200 day simple moving average is $66.16. The company has a quick ratio of 0.53, a current ratio of 0.59 and a debt-to-equity ratio of 1.22.
Cheesecake Factory (NASDAQ:CAKE – Get Free Report) last posted its earnings results on Tuesday, July 28th. The restaurant operator reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.26. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $999.54 million. Cheesecake Factory had a net margin of 4.61% and a return on equity of 45.94%. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period last year, the firm posted $1.16 EPS. On average, equities research analysts predict that The Cheesecake Factory Incorporated will post 4.43 EPS for the current fiscal year.
Cheesecake Factory Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 25th. Stockholders of record on Tuesday, August 11th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Tuesday, August 11th. Cheesecake Factory’s dividend payout ratio (DPR) is 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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