Cheesecake Factory Inc (CAKE) Position Trimmed by Schroder Investment Management Group

Schroder Investment Management Group lowered its position in Cheesecake Factory Inc (NASDAQ:CAKE) by 0.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 603,954 shares of the restaurant operator’s stock after selling 2,745 shares during the period. Schroder Investment Management Group owned about 1.32% of Cheesecake Factory worth $32,336,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Itau Unibanco Holding S.A. bought a new position in shares of Cheesecake Factory during the 2nd quarter valued at about $156,000. NumerixS Investment Technologies Inc boosted its holdings in shares of Cheesecake Factory by 2,900.0% during the 2nd quarter. NumerixS Investment Technologies Inc now owns 3,000 shares of the restaurant operator’s stock valued at $168,000 after purchasing an additional 2,900 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in shares of Cheesecake Factory during the 2nd quarter valued at about $226,000. Commonwealth Bank of Australia bought a new position in shares of Cheesecake Factory during the 3rd quarter valued at about $256,000. Finally, Perennial Advisors LLC boosted its holdings in shares of Cheesecake Factory by 35.1% during the 2nd quarter. Perennial Advisors LLC now owns 5,000 shares of the restaurant operator’s stock valued at $275,000 after purchasing an additional 1,300 shares during the last quarter.

Shares of NASDAQ:CAKE opened at $47.68 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.45 and a debt-to-equity ratio of 0.03. Cheesecake Factory Inc has a 12 month low of $43.26 and a 12 month high of $60.19. The stock has a market capitalization of $2.25 billion, a P/E ratio of 18.34, a price-to-earnings-growth ratio of 1.41 and a beta of 0.33.

Cheesecake Factory (NASDAQ:CAKE) last announced its quarterly earnings results on Tuesday, October 30th. The restaurant operator reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.04. Cheesecake Factory had a net margin of 6.02% and a return on equity of 18.02%. The firm had revenue of $580.88 million during the quarter, compared to the consensus estimate of $585.44 million. During the same quarter last year, the firm earned $0.56 EPS. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. On average, sell-side analysts forecast that Cheesecake Factory Inc will post 2.44 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 27th. Investors of record on Wednesday, November 14th were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend was Tuesday, November 13th. Cheesecake Factory’s payout ratio is 50.77%.

In related news, insider Cheryl Slomann sold 7,500 shares of the stock in a transaction dated Tuesday, November 20th. The shares were sold at an average price of $49.21, for a total value of $369,075.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 8.80% of the company’s stock.

Several research analysts have commented on CAKE shares. ValuEngine raised shares of Cheesecake Factory from a “hold” rating to a “buy” rating in a report on Thursday, September 6th. BidaskClub raised shares of Cheesecake Factory from a “hold” rating to a “buy” rating in a report on Friday, August 17th. TheStreet downgraded shares of Cheesecake Factory from a “b” rating to a “c+” rating in a report on Tuesday, October 30th. Barclays dropped their price objective on shares of Cheesecake Factory from $54.00 to $51.00 and set an “equal weight” rating for the company in a report on Wednesday, October 31st. Finally, Maxim Group lowered their price target on shares of Cheesecake Factory from $57.00 to $55.00 and set a “hold” rating for the company in a report on Wednesday, October 31st. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $52.47.

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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 21, 2018, it operated 215 company-owned restaurants, including 199 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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