The Cheesecake Factory Incorporated (NASDAQ:CAKE) Director Edie A. Ames purchased 400 shares of The Cheesecake Factory stock in a transaction on Thursday, August 17th. The shares were acquired at an average cost of $43.77 per share, for a total transaction of $17,508.00. Following the purchase, the director now owns 400 shares in the company, valued at $17,508. The acquisition was disclosed in a document filed with the SEC, which is available through this link.

Shares of The Cheesecake Factory Incorporated (NASDAQ CAKE) traded down 1.79% during mid-day trading on Thursday, reaching $43.36. The company had a trading volume of 920,730 shares. The stock has a market capitalization of $1.99 billion, a P/E ratio of 15.17 and a beta of 0.31. The company’s 50-day moving average is $48.13 and its 200 day moving average is $57.21. The Cheesecake Factory Incorporated has a 52-week low of $43.31 and a 52-week high of $67.14.

The Cheesecake Factory (NASDAQ:CAKE) last announced its earnings results on Wednesday, August 2nd. The restaurant operator reported $0.78 EPS for the quarter, topping the consensus estimate of $0.76 by $0.02. The firm had revenue of $569.87 million for the quarter, compared to the consensus estimate of $573.12 million. The Cheesecake Factory had a net margin of 6.10% and a return on equity of 22.92%. The business’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.78 EPS. Analysts anticipate that The Cheesecake Factory Incorporated will post $2.67 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 29th. Investors of record on Wednesday, August 16th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 2.68%. The ex-dividend date of this dividend is Monday, August 14th. This is an increase from The Cheesecake Factory’s previous quarterly dividend of $0.24. The Cheesecake Factory’s dividend payout ratio (DPR) is 40.70%.

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CAKE has been the topic of a number of recent analyst reports. Maxim Group raised The Cheesecake Factory from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a research note on Wednesday, June 14th. Wedbush restated a “buy” rating on shares of The Cheesecake Factory in a report on Thursday, July 13th. Piper Jaffray Companies restated a “buy” rating and set a $65.00 price objective on shares of The Cheesecake Factory in a report on Wednesday, July 26th. Morgan Stanley restated an “equal weight” rating and set a $56.00 price objective (down from $62.00) on shares of The Cheesecake Factory in a report on Wednesday, June 14th. Finally, Barclays PLC dropped their price objective on The Cheesecake Factory from $56.00 to $53.00 and set an “equal weight” rating for the company in a report on Wednesday, July 19th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the stock. The Cheesecake Factory currently has an average rating of “Hold” and a consensus price target of $54.78.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of The Cheesecake Factory by 32.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,621 shares of the restaurant operator’s stock valued at $103,000 after buying an additional 395 shares during the period. Parallel Advisors LLC increased its position in shares of The Cheesecake Factory by 13.5% in the first quarter. Parallel Advisors LLC now owns 1,974 shares of the restaurant operator’s stock valued at $132,000 after buying an additional 235 shares during the period. TrimTabs Asset Management LLC increased its position in shares of The Cheesecake Factory by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 2,056 shares of the restaurant operator’s stock valued at $130,000 after buying an additional 968 shares during the period. Tyers Asset Management LLC increased its position in shares of The Cheesecake Factory by 1.1% in the first quarter. Tyers Asset Management LLC now owns 2,112 shares of the restaurant operator’s stock valued at $134,000 after buying an additional 22 shares during the period. Finally, Flinton Capital Management LLC increased its position in shares of The Cheesecake Factory by 1.1% in the first quarter. Flinton Capital Management LLC now owns 2,688 shares of the restaurant operator’s stock valued at $170,000 after buying an additional 28 shares during the period. Hedge funds and other institutional investors own 95.16% of the company’s stock.

The Cheesecake Factory Company Profile

The Cheesecake Factory Incorporated is engaged in the restaurant and bakery business. As of March 2, 2017, the Company operated 208 Company-owned restaurants: 194 under The Cheesecake Factory mark, 13 under the Grand Lux Cafe mark and one under the Rock Sugar Pan Asian Kitchen mark. The Company’s segments include The Cheesecake Factory restaurants, and other.

Insider Buying and Selling by Quarter for The Cheesecake Factory (NASDAQ:CAKE)

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