Y Intercept Hong Kong Ltd Acquires Shares of 7,810 The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Y Intercept Hong Kong Ltd bought a new stake in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 7,810 shares of the restaurant operator’s stock, valued at approximately $317,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. XTX Topco Ltd purchased a new position in Cheesecake Factory in the third quarter valued at $628,000. Tabor Asset Management LP purchased a new stake in shares of Cheesecake Factory in the third quarter valued at about $1,327,000. State Street Corp lifted its stake in shares of Cheesecake Factory by 3.7% in the 3rd quarter. State Street Corp now owns 1,876,295 shares of the restaurant operator’s stock valued at $76,084,000 after purchasing an additional 67,550 shares during the last quarter. Stifel Financial Corp increased its position in shares of Cheesecake Factory by 4.4% during the third quarter. Stifel Financial Corp now owns 79,148 shares of the restaurant operator’s stock valued at $3,209,000 after acquiring an additional 3,342 shares during the last quarter. Finally, HighTower Advisors LLC lifted its stake in Cheesecake Factory by 2.7% during the third quarter. HighTower Advisors LLC now owns 39,989 shares of the restaurant operator’s stock worth $1,616,000 after purchasing an additional 1,035 shares in the last quarter. Institutional investors own 94.48% of the company’s stock.

Insider Buying and Selling at Cheesecake Factory

In other news, insider Keith Carango sold 13,095 shares of Cheesecake Factory stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $49.88, for a total transaction of $653,178.60. Following the completion of the sale, the insider now directly owns 14,977 shares in the company, valued at $747,052.76. The trade was a 46.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 8.10% of the company’s stock.

Wall Street Analysts Forecast Growth

CAKE has been the topic of a number of research reports. Raymond James increased their target price on shares of Cheesecake Factory from $51.00 to $56.00 and gave the stock an “outperform” rating in a report on Monday. Wells Fargo & Company upped their target price on Cheesecake Factory from $38.00 to $45.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. UBS Group raised their price target on Cheesecake Factory from $32.00 to $36.00 and gave the stock a “sell” rating in a research note on Friday, October 25th. Citigroup boosted their price objective on Cheesecake Factory from $46.00 to $51.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Finally, Barclays raised their target price on shares of Cheesecake Factory from $38.00 to $44.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 30th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $47.93.

Cheesecake Factory Stock Down 1.9 %

Cheesecake Factory stock opened at $50.39 on Wednesday. The stock’s 50 day moving average price is $46.34 and its 200 day moving average price is $41.32. The company has a market cap of $2.57 billion, a PE ratio of 19.16, a price-to-earnings-growth ratio of 1.37 and a beta of 1.48. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.44 and a quick ratio of 0.33. The Cheesecake Factory Incorporated has a 1-year low of $31.24 and a 1-year high of $52.10.

Cheesecake Factory (NASDAQ:CAKE) last announced its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.11. Cheesecake Factory had a net margin of 3.63% and a return on equity of 43.90%. The business had revenue of $865.50 million during the quarter, compared to the consensus estimate of $866.13 million. During the same quarter last year, the firm posted $0.39 EPS. The business’s revenue was up 4.3% compared to the same quarter last year. On average, sell-side analysts predict that The Cheesecake Factory Incorporated will post 3.31 EPS for the current fiscal year.

Cheesecake Factory Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Wednesday, November 13th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend was Wednesday, November 13th. Cheesecake Factory’s dividend payout ratio (DPR) is presently 41.06%.

Cheesecake Factory Profile

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.